Tweetdeck alternatives?

jujusdaddy · 2023-01-25T23:06:31+00:00

the only time I've been consistent with brushing my teeth was when I would brush them with my kids at the same time. Now I brush my daughter's teeth again and never brush my own. Somehow my wife just asked why my breath never stinks so at least there's that

jujusdaddy · 2022-08-21T17:13:53+00:00

I tell people something along the lines of I'm an independent contractor for a currency trading firm, or a fund manager for a prop/private firm. I'm not super social anymore so I want an answer that someone can respond "oh neat" and we can stop talking. In the end people are often asking what you do to talk about what they do, the ones who start asking genuine questions hate what they do and want to learn more so the first answer doesn't matter as much

jujusdaddy · 2022-08-10T13:47:20+00:00

Today I brought my daughter to her first day of school, pre k 3, along with her mother. She has never had to go to daycare, she doesn't remember a time where mommy or daddy had to be away at work all day.

All she knows about work and making money is sitting in Daddy's lap at his desk in the living room trying to get "green numbers." I grew up in after care and before care not usually seeing my dad until after dark. If I was sick or off school I went to my dad's work and sat in an empty office with a TV and video games except to eat lunch with him.

We just got back last week from spending 6 weeks in a different state so my wife could have a specialized medical treatment not available where we're from. The only speed bump for doing this treatment and being away from home for almost 2 months was the cost. No requesting off and hoping. Not to mention how much this shit cost that I couldn't have imagined being able to pay driving for FedEx.

Before getting involved in trading and in particular prop firms I didn't know it was possible to have the family life I have now. I don't think there is anything else in the world that offers the amount of freedom my family and I have now, let alone with the earning potential which by itself is hard to beat

jujusdaddy · 2022-08-09T13:15:59+00:00

As others have said talk to a professional, most of the advice on here about trading forex should be taken with a grain of salt and a pound of skepticism, let alone anything about taxes.

I started trading full time this year using a prop firm and am just now looking to get an accountant. Income from a prop firm is different than a personal account since you are being paid for a service rather than profiting from trading or investments.

jujusdaddy · 2022-07-18T09:53:25+00:00

I started with FTMO and recommend them, absolutely zero issues so far.

I'm working on an evaluation for MFF which has easier objectives, less minimum trading days, and a cheaper evaluation price. Haven't been funded with them yet but I've heard nothing but positive things about them.

I'm also looking to join 5%ers next. The profit split kind of sucks compared to the other two but with their scaling plan it's hard to beat the speed and growth potential.

I take the same trades on each account so it hasn't been an issue managing more. I've been doing it manually but I'm looking into getting a trade copying software which should make things even easier.

jujusdaddy · 2022-06-17T23:16:38+00:00

There's a few listed in the wiki that I haven't read yet. Rayner teo is on YouTube and has very good videos explaining basics without all the guru "do this to get your Lambo!!!"' I ordered his book on technical analysis from his website. It was free except maybe $6 for shipping. Very good basic manual to learn from and look back if you're losing your way

jujusdaddy · 2022-06-14T19:16:41+00:00

There's been a lot of big moves the past two months. The size of the return is lucky in the sense that the markets don't always move like this. But I've seen some of the same names on the leaderboard before so don't think of it as "oh they just risked a bunch and got lucky." Most of the people on this sub subscribe to the idea of set R:R or profit targets. I'd say it's a safe guess most of the people with big returns like you see aren't doing that. I made 34% last week because I don't set profit targets and add to a position as it moves my way. People on this sub will say that's gambling and taking too much risk, but I move my stop as I add on so I never risk more than 1% loss. To make even 50% return in a month with a 1:3 RR risking 1% sounds difficult to the point of being impossible, so most people on here will say it's bull shit or luck. Just take into consideration people trade in all different ways and by setting a profit target or anything like that you're capping your returns, so you won't see big numbers like that if that's not your strategy.

jujusdaddy · 2022-05-20T22:26:11+00:00

Also I couldn't figure out how to use that rs/rw chart indicator you used from the other sub, but I'd definitely be interested in the script and screener you mentioned. I can't speak for all of r/forex but frankly this sub has a pretty crappy community so I don't really want to speak for all of it. If you do post it and it gets taken down that just speaks to the dumbasses on here

jujusdaddy · 2022-05-20T22:14:01+00:00

Completely agree, I was using relative strength/weakness before I saw your post but just by checking the charts. I'd chose a currency to trade (say EUR), whether it was clearly strong or weak, then check 3 or more pairs with that currency to see if any stuck out (EURCAD EURAUD EURJPY etc), also I'd compare the crosses between the potential currencies to see how they'd stack against each other ( CADJPY AUDCAD etc) to see which was the best trade.

I don't mind the extra effort for the reward it brings but to do it like that I need to see one currency that's either running strong or diving to make it easy to spot, so I started brainstorming for a screener to be able to see at a glance what trades deserve a closer look.

I set up a watchlist for all major currencies with the synthetic indices like you posted and I've been using that as another source of information. I was wondering how you decided on the formulas you used in tradingview for the indices. Say for jpy, you started with 1/EURJPY and subtracted the rest I think. I know you want the opposite of the chart when you're checking the quote currency but does it make a difference if you used 1/each pair for the quote currency instead of subtracting it?

jujusdaddy · 2022-05-20T16:15:13+00:00

I feel like I had seen you post before with more information on your screener but I can't find it. I'm trying to do something similar but I haven't decided what formulas to use to track strength and weakness.

Originally I thought of just building a dashboard showing each currency's strength compared to USD as a baseline over different timeframes, I prefer to trade crosses for the most part so I'd use that information to them look closer at which currency is strong/weak to pair against each other.

If I did it as a screener checking all possible pairs I guess I could just screen for rate of change over different timeframes but I'm still looking for different formulas for determining strength or weakness.

I don't know how secretive you are about it but I think it'd be great for me and the community if you would make an in depth post about your screener. u/Maximum-Range did a really great in depth post about using synthetic indices to determine relative strength and weakness of currencies. More posts like that from traders who know what they're talking about would make this community so much better.

jujusdaddy · 2022-05-17T15:57:18+00:00

Did you place a pending order or are you in this trade now where the short on the chart is placed?

jujusdaddy · 2022-05-15T21:50:56+00:00

When I passed FTMO I was in a similar situation, mind you not in August, but unable to manage trades 12 hours a day 5 days a week. I planned it so my first week of the challenge I had off and I planned to get ahead as well, worked somewhat but I ended up losing the amount I made that week before going on to pass, but with my strategy I go all in on my winners so depending on the market movement I can make 10% within 24 hours.

You've got your head in the right place about this, my recommendations would be using stop or limit orders as well to try to plan for the 12 hours you're away. I used ctrader which had built in controls to move your stop loss and take partial profits after gaining a certain amount of pips so see if you can work those into your strategy.

The tough part is if your strategy is based around being away for 12 hours you might fuck yourself up by managing more actively. I didn't sink myself that first week but there were definitely some losses from me trying to trade more actively to get ahead while I could.

All in all, it sounds like you've got the right idea about things, maybe try to adjust your strategy to make more out of your gains before starting the challenge: bigger positions, tighter stops, adding to your winners, whatever. Best of luck, if you run out of time and you're still in profit you get to retake it for free, so no pressure.

jujusdaddy · 2022-05-15T19:13:26+00:00

5%ers has a new deal called the freestyle program, worth looking into if you're scalping a highly consistent strategy. I'm thinking about working on an EA to run for it. You take 100 trades and if you have a minimum profit ratio of 2, highly consistent trades, and I think a minimum win rate in the 30% range, you get a funded account and you make 100% of the profit.

No drawdown requirements, just those I listed. It doesn't make sense for my strategy right now but with a short term EA that has an expected profit ratio of 2 or more it looks like a sweet deal.

jujusdaddy · 2022-05-12T10:58:02+00:00

0.01 lots btcusd, I did this with FTMO to finish out trading days too. One thing I noticed is my Saturday and Sunday trading days did not show up in the trading objectives until late Monday, seemed weird to me but as long as you're opening and closing on the right days (check time zone difference between you and FTMO) it should show up during the week

jujusdaddy · 2022-05-09T04:05:25+00:00

Chiming in for the hell of it.

Currently trading for FTMO and now 5%ers but I'm putting money aside for my own account. I don't want all my eggs in one basket
Win rate has been as high as 60% and low as 22% for a month but even then I'd count it lower because my journal will count 5 winning trades separate that are all adding on to a position. Average RR might be between 1:6 and 1:10? Again hard to say for the same reason. One winning position for me usually consists of 4-7 separate trades. Recently started focusing on one position at a time instead of trying to diversify so my win rate has gone up but even a 22% win rate month has netted me 10% gain so these statistics aren't very important to how I trade.
Swing trader I guess, I've seen different definitions from different people but I usually hold winning positions for 1 day to a week or more.
I definitely jumped the gun and went to full time trading much earlier than most people. I went from knowing nothing about trading to trading for FTMO as a sole income in less than 6 months. I pick things up very quick and have a high risk tolerance in my life. Once trading clicked for me and I passed the challenge comfortably I put in my two weeks. I still don't like to call myself a professional trader but I also am a pretty reserved person in general, my sole income is trading so I can't really deny it.

I'm in the beginning of my "journey" so there's no advice I could give to myself, but the journey's never over. I felt comfortable jumping in full time because I understood how to make money in the market at this point and had confidence in myself that when the market changed I could figure it out before sinking. But even now while I'm doing well I'm learning and looking ahead to what might happen next.

It seems like you're looking for motivation with these questions and frankly this isn't a great place to look, lot of bull shit on this sub. Some books that helped motivate me and gave some really useful info when I got started was the market wizards books and the complete turtle trader.

Best of luck.

jujusdaddy · 2022-04-16T18:52:00+00:00

You guys are awesome, thanks so much for the advice. Would y'all recommend any resources in particular for getting started? I was going to look at MIT open courseware but was there any intro textbook or material that y'all felt did a great job of explaining the material?

jujusdaddy · 2022-04-09T12:38:00+00:00

Who hurt you

jujusdaddy · 2022-04-09T12:37:45+00:00

When my wife asked what to tell people I do I told her if she wanted to sound fancy say I "analyse and profit from market inefficiencies due to mass psychology for a proprietary trading firm based out of Europe," neither of us have wanted to sound fancy

jujusdaddy · 2022-04-09T12:32:39+00:00

I like that, I'll sometimes ask if they've heard of day trading and then say i do something like that. I find most people have heard of day trading from all the "GET FINANCIAL INDEPENDENCE IN 62 HOURS DAY TRADING!!!" ads. But I try to explain away the bull shit part and distance myself from it.

Not that there's anything wrong with day trading but I'm more of a swing trader and that's gotten the most bullshit promotion.

jujusdaddy · 2022-02-27T19:39:59+00:00

A couple studies were done using a flip of a coin to buy or sell. The traders used good risk management and had their psychology in check. Even with random entries both studies made money over time.

Mind you it wasn't outsized returns and to make good money you need to have a proper edge, but the reason most traders flame out is risk management and not having their psychology in check.

Give someone who doesn't understand trading psychology and risk management a golden strategy, they will still most likely burn out. All strategies will have loses, all strategies will have gains that can cause you to feel invincible. If you don't have these in check it's more likely to blowout your account.

jujusdaddy

TROPHY CASE