Time to start my own thread as I attempt to become more organised and more focussed at the Futures game.
Initially it will just be a place for me to brain dump about brokers, data, software etc. I have a few ideas of how I want to progress but I assume this will change as I figure stuff out. So I hope this turns into a more concrete learning plan and eventually a Trading Journal.
Currently I play around with SPI and the FTSE and use thechartist for EOD US equities. I did not think I could do any better than thechartist so I did not spend much time looking at equities. I also find EOD quite boring.
At the moment I am working a 3:1 roster but eventually I will find an equal time roster to give me more time at the screen also because my roster the posts will be a bit sporadic.
I originally started trading futures with a sport bet winning so I really was just having some fun and was lucky enough not to blow up my account and got on a few winners. I now want to take it a bit more seriously.
I have decided to trade the HSI mini for a few reasons, they are cheap, move around, the hours are perfect and if I am any good I may be able to transfer the skills gained directly to the HSI. I have no idea if this market will suit me but seems like as good of a place to start as any.
My current plan is to buy Ninja Trader, find an appropriate data feed and then execute through IB. I will spend time learning NT while I try and get a feel for the MHI. I donít want a system but I do want to learn some basic coding and improve my Excel skills so I can start testing some ideas. Very simple ideas that have been looked at before but Iíd like to look at them myself.
Then I need to look at how I will organise my day, a trade plan, some rules to follow, risk management and a bunch of stuff I have not even thought of yet.
On site at the moment but I will add as time permits and I have new ponderings.