Hi,
First post on this board but I am reasonably regular on elitetrader.
I am a trader of US stocks, futures and currencies based in East Northants in my mid thirties and have been trading for 5 years.
Although I have got to the stage where I know what I am doing I realise that my main fault is a complete lack of discipline.
In other words I have a view. The market goes in my direction. A little wiggle happens (which remains inside the parameters of my trading plan) and I exit. Only to see it rocket in the right direction. And then I get angry over an amount that is really piddling for me! I am actually right on general market direction most of the time as I try to wait for the right entries. Or just basic stuff like have to run an errand (for the wife, yes I don't "work for a living" because I am at home all day!) or bursting to go to the toilet then when you go that 1 minute window of opportunity occurs you have been waiting for all day/week. Happens all the time - I sometimes think I am cursed!
I have both automated and discretionary systems that are both solid but the same wiggling happens that really stops me from maximising their potential. At this moment in time my preference leans towards discretionary, mostly because news cannot really be safely automated at this time (unless of course you are an insider at the University of Michigan!!!).
I don't think I need to learn much more really - I went over to San Diego and have been taught by some very good prop shop guys. I have developed my own techniques from there, which are actually very good considering what a poker game the market can be sometimes.
What I think I need is an office environment with at least one other trader present going through similar pain at the same time so that we can help each other emotionally. I think that this would bring out some discipline in me.
I am reasonably capitalised and would be quite happy to invest in a mutual set up -t1, bloomberg, etc etc .I just don't want to travel to London every day (I suppose I am too well capitalized to want to do THAT run every day!).
So ideally I want to find one or two duplicates of me that live in or around East Northamptonshire wiiling to discuss the benefits and practicalities of a mutual trading office.
Perhaps one option is to work towards eventually starting a hedge fund. Cobblers Capital is a great name for those that understand! I used to be an entrepreneur (before I got into the chart bothering business) and started a sales company that eventually had 500 employees in my 20s, so have some experience in business stuff.
First post on this board but I am reasonably regular on elitetrader.
I am a trader of US stocks, futures and currencies based in East Northants in my mid thirties and have been trading for 5 years.
Although I have got to the stage where I know what I am doing I realise that my main fault is a complete lack of discipline.
In other words I have a view. The market goes in my direction. A little wiggle happens (which remains inside the parameters of my trading plan) and I exit. Only to see it rocket in the right direction. And then I get angry over an amount that is really piddling for me! I am actually right on general market direction most of the time as I try to wait for the right entries. Or just basic stuff like have to run an errand (for the wife, yes I don't "work for a living" because I am at home all day!) or bursting to go to the toilet then when you go that 1 minute window of opportunity occurs you have been waiting for all day/week. Happens all the time - I sometimes think I am cursed!
I have both automated and discretionary systems that are both solid but the same wiggling happens that really stops me from maximising their potential. At this moment in time my preference leans towards discretionary, mostly because news cannot really be safely automated at this time (unless of course you are an insider at the University of Michigan!!!).
I don't think I need to learn much more really - I went over to San Diego and have been taught by some very good prop shop guys. I have developed my own techniques from there, which are actually very good considering what a poker game the market can be sometimes.
What I think I need is an office environment with at least one other trader present going through similar pain at the same time so that we can help each other emotionally. I think that this would bring out some discipline in me.
I am reasonably capitalised and would be quite happy to invest in a mutual set up -t1, bloomberg, etc etc .I just don't want to travel to London every day (I suppose I am too well capitalized to want to do THAT run every day!).
So ideally I want to find one or two duplicates of me that live in or around East Northamptonshire wiiling to discuss the benefits and practicalities of a mutual trading office.
Perhaps one option is to work towards eventually starting a hedge fund. Cobblers Capital is a great name for those that understand! I used to be an entrepreneur (before I got into the chart bothering business) and started a sales company that eventually had 500 employees in my 20s, so have some experience in business stuff.
