[COLOR="#0000CD"]Ok Gang, Tell me im not the only one here?[/color] Hopefully this wont sound like im rambling on, I know there must be a few folks here who have struggled with adhd, ocd and or have played the sports betting / ponies gig. Id like to share my exp in this area and welcome as much feedback as possible. I started out of the womb with adhd so bad my folks had me on all kinds of meds, back then it was riddlin, anyway i was a very hyper kid with a high Iq and very short attention span, So in my late teens/20`s I learned how to hustle pool and gamble, this was a serious addiction and even harder to overcome for me after the internet came about and you could wager online, My point is I took alot of this mentality into trading futures. I started in 98 with a book called How To Become a Real-Time Commodity Futures Trader - From Home : Living the Ultimate Entrepreneurial Dream, HAHA, yes and paid $2500 for the keltner channel software on a floppy disk for super charts! So off to the races it was with $3500 in a acct to trade the emini a few soybeans cattle etc. Did fair until the adhd kicked in and emotions flew, Then borrowed another 5k thinking I could trade with the big dogs on the SnP 500. NOT! lost it all in 3 hrs, got drunk took the xwifes advice and quit, back to work and sports betting.
Needless to say I would probably be retired by 50 from the $ wasted, so finally I quit it all in 2011 and began my hunt for a new tradingsystem, still not dealing with the adhd and emotional aspect of trading, more $ lost and wasted looking for some holy grail as they say. I stumbled across this site last year and thought it looked cheesy and saw the word binary which immediately turned me off since I saw all those binary scammers out there (you know the old clickbank sites?) anyway I went back and tried to use the system i had some luck with but as usual I failed. I got an email about nadex and was lead here somehow and jumped right in taking the elite mvp course 3 times and watched a ton of videos, decided to fund my amp acct with $500 and trade the ym/nq ($300 margins) since binarys scared me. First of all if your reading this PLEASE do not try to trade futures with less than 1k, more like 5k. or a slow cheap computer! After missing alot of mvp entries I decided to get aggressive and jumped in only to see an immediate reversal and could not set a stop for lack of funds, when I tried to close the trade the dom started flashing, oh well there went my last $300 down the drain. Embarrassing to even post this but maybe im not alone and frankly i don’t care at this point.
So I took the last 2 weeks to analyze things and decided to go with nadex spreads and binarys, I have a 100 acct and a demo and I used the scanner to find a us500 spread for $7 that paid $425 at exp. also a japan225 @ $5 which paid $295 just b4 exp. Now Im pumped up and ready to jump in for real only to realize that HEY wait a minute I have Adhd so Id better devise a plan or Im doomed to fail again.
- Use the scanner and stop plugin.
- Only trade after going over the charts, boom/mvp etc
- Double check and confirm my entry/exit stratagy.
- DO NOT stare at the $ amount, pay attention to the trade and where the market is trying to go (especially for futures).
- Don`t over trade, Im not gambling here.
- When in doubt trade demo and go back over the training’s and videos.
- Yes my lucky # If I cant afford to lose it then don`t trade it.
Write things down too, adhd says oh Ill remember it but we don
t
I hope this helps someone besides me as it felt good to finally post this. Now I commute by train/bus 4 hrs a day to work and back so Im using my tab while traveling to study boomerang and demo trade nadex mobile. At night Im able to see alot of good expiry trades and being on pst helps too.
Ok well I hope this helps someone and please leave feedback.
One last thing. My goal the last several years has been to become a successful futures trader and Do it for a living/retirement. If you cannot get it done with Apex and the brilliant mind of Darrell to help you then you probably should thow in the towel now because I have been around the block and there is NO other place that exists like this website for wannabe or skilled traders! Carpe diem James