• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Trading Life for a Weekend?
    Build a Business, Build a Life.
    Unleash the Dream.

    Become an UNSCRIPTED™Entrepreneur.

    UNSCRIPTED™ Entrepreneurship is an entrepreneurial business strategy that unleashes dreams, frees time, and explodes your incomes—but more importantly, it changes your life forever. Make no mistake; this isn’t something you “try”— this is something you live.

    FREE Download (Unscripted) FREE Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

Introduction From Trader to Founder

Discussion in 'Forum Introductions (Who are you!?)' started by JamesDB, Feb 17, 2017.

FORUM SEARCH


Need answers about entrepreneurship? Search FIRST! More than likely your entrepreneurial topic has already been discussed.
Powered by Google Site Search.
  1. JamesDB
    Offline

    JamesDB New Contributor Read Millionaire Fastlane

    Messages:
    8
    Likes Received:
    17
    Joined:
    Jan 10, 2017
    Gender:
    Male
    Location:
    Europe
    Rep Bank:
    $111
    After being interested in entrepreneurship and startups for many years and after reading hundreds of books (real reading, not skimming for "knowledge" ;)) I finally came across TMF and landed here, my first forum in 10 years, guess that means sth.

    I'm mainly self taught, neither university nor hyper expensive courses will help you much, it's really trial and error. Over the years I traded internationally for banks, props, clients and with my own money. Watching behind the scenes helps psychologically to understand that everybody does the same things and the "only" difference is execution and focus. :fistbump:

    My skill in Trading and Life is to find (price) imbalances (everything between 15min and 3days) and psychological turning points, understanding the psychology of the crowd is as important as understanding technical, quantitative analysis, price action etc. And its true if you want to make consistent money you need to be on the other side of the crowd for about 80% of the time but the other 20% you need to ride the wave with them. (not much different as in the "real" life).

    ---------------------------------------------------------------------------------------------------------------------

    After spending 70-90h/week in front of 8 screens for way too many years, I got sick of it and decided to slow down on trading to couple of trades per day/week and having the time to focus on some business ideas that I have in mind for many years now.

    If you have any questions feel free to ask or pm.
    And if there is real interest in the topic I will consider to open a "learn to trade" thread.

    James
     
  2. MJ DeMarco
    Offline

    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    23,308
    Likes Received:
    56,403
    Joined:
    Jul 23, 2007
    Gender:
    Male
    Location:
    Phoenix, AZ
    Rep Bank:
    $230,451
    Admin Post
    Welcome to the forum James. What kind of trades did you focus on? Equities? Options? Futures? Currency?

    Amen!
     
    JamesDB likes this.
  3. JamesDB
    Offline

    JamesDB New Contributor Read Millionaire Fastlane

    Messages:
    8
    Likes Received:
    17
    Joined:
    Jan 10, 2017
    Gender:
    Male
    Location:
    Europe
    Rep Bank:
    $111
    Mostly Futures and FX, but have some experience with Options, Equities and OTC (Fixed Income) as well.
    Once you know what you need to focus on the product itself is replaceable.
    MJ, you mentioned that you used to do carry trades, still active?

    I always used to say, as long as it has some liquidity and a chart you can trade everything.
    You can even use simple trading chart patterns for sales and other metrics, once the sample size is big enough you can extract lots of value from it.
     
    jasoncuellar123, Chazmania and cmor16 like this.
  4. MJ DeMarco
    Offline

    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    23,308
    Likes Received:
    56,403
    Joined:
    Jul 23, 2007
    Gender:
    Male
    Location:
    Phoenix, AZ
    Rep Bank:
    $230,451
    Admin Post
    No, I only do options now.
     
  5. JamesDB
    Offline

    JamesDB New Contributor Read Millionaire Fastlane

    Messages:
    8
    Likes Received:
    17
    Joined:
    Jan 10, 2017
    Gender:
    Male
    Location:
    Europe
    Rep Bank:
    $111
    I guess, writing options?
     
    Chazmania and MidwestLandlord like this.
  6. MJ DeMarco
    Offline

    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    23,308
    Likes Received:
    56,403
    Joined:
    Jul 23, 2007
    Gender:
    Male
    Location:
    Phoenix, AZ
    Rep Bank:
    $230,451
    Admin Post
    Yup. I like time on my side.
     
    Kingmaker and JamesDB like this.
  7. Chazmania
    Offline

    Chazmania Silver Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

    Messages:
    449
    Likes Received:
    662
    Joined:
    May 23, 2013
    Gender:
    Male
    Location:
    USA
    Rep Bank:
    $3,090
    Welcome aboard.

    I'd like to see that. MJ started a great thread on the insiders about writing options. I learned a lot from it and have gotten active trading but I think it would be cool to also hear from someone that traded everything as a career etc.
     
    JamesDB likes this.
  8. extraordwealth
    Offline

    extraordwealth New Contributor Read Millionaire Fastlane

    Messages:
    34
    Likes Received:
    14
    Joined:
    Apr 12, 2014
    Rep Bank:
    $71
    Welcome

    Sent from my Infinix-X551 using Tapatalk
     
    JamesDB likes this.
  9. domifreezy
    Offline

    domifreezy Contributor

    Messages:
    21
    Likes Received:
    23
    Joined:
    Dec 7, 2016
    Gender:
    Male
    Rep Bank:
    $124
    I would like to learn about trading.
    It would be a pleasure and a big help for many of us, if you could share some knowledge with us.
    :smile2:
     
    JamesDB likes this.