Post by traderAllen on Aug 16, 2014 12:49:05 GMT -5
I am 46 years old married with five kids. Although I seem to be trading all the time, I'm not 100% dependent on my trading income. I would consider myself a home-based retail trader, just like most of you reading this I'm just a normal guy trying to make some money from Forex. I have always had an interest in the stock market. But until I took the position that my current employer I do not have the funds to do so. I started my trading career about 14 years ago, with my main interest at the time was day trading the stock market. I studied for three years everything I could possibly find it was never able to make the dollar. That's when I first realized everything that I've been studying was crap. If I wanted to make money day trading. I do figure it out for myself. I put a day trading plan together where I would be trading the QQQ double ETF's, the method is very dependent on the level II chart, so I learned how to read level II in time and sales. I got to be very proficient to where I can take trades solely using the level II and no charts once I had decided it was time to trade. As you know daytrading required a lot of money to keep the personal aspects short. Due to a divorce. I no longer had the funds to do so. I had to find an alternative to daytrading that didn't require 30 to $40,000 and account. That's where the Forex market came in. I found that in studying Forex there's the same underlying issue in the stock market, and that is most of what is being taught is just crap. Still, I've read hundreds and of books searching for methods that work in the Forex market. There are some good books out there, which I have on my list of must read books. There are other books I have yet to put on the list, but I think you get the point. So how do you go about putting together a trading methodology, I read books from a certain Asian analyst who I thought seem to know what she was talking about. Then I seen her in an interview on TV where she admitted she doesn't trade, but was was able to get to where she is solely because she's a female. Then I got lucky, I got a copy of Bob Volmans book. His trading method seem to make a lot of sense. So I started working with it and found with a few slight modifications I could molded into my own trading method. Trading is my passion, and something that I love to do and enjoy talking with others about. I don't have all the answers. And I'm certainly not a guru. But I have been able to do what 95% of aspiring traders haven't been able to do, and that's achieve profitability. And I'll do my best to help others do the same. But you're going to have to do the hard work. Just like me. Everyday is a grind as I try to turn my computer into an ATM machine.