Topic: New FSB User Hoping To Earn His First Million Before He's 50
OK, I'll be 50 in 6 months, so maybe that's out of the question.
My name is John and I'm new to FSB. Until last year, my full-time profession for the previous ten years was playing poker on the Internet. The ten years before that, half my income was from poker (live or Internet) most years.
During the last few years, beating poker for a living has become increasingly more difficult and it's become tedious and too much like a real job. I played 12 to 18 cash game tables simultaneously, and literally couldn't take my eyes off the screen for two to three hours at a time.
Many professional poker traders have recently transitioned to earning their incomes through trading. Poker and trading use very similar money management (and many other) skills, but trading has the advantage that you can increase/decrease your investment and risk to a much finer degree.
The highlight of my poker career was living and playing in the Philippines for three years. My goal is to once again obtain a steady Internet income and do more traveling.
I spent two months full-time learning to trade FOREX markets manually (towards the end of last year). I started a new job and put it aside for a short time. In April of this year, I purchased StrategyQuant (a competitor to FSB) and have been generating non-stop.
...until this week, when I found FSB! Whereas there was not a lot I could do to affect the strategies generated by SQ, with FSB I can customize them to my liking. SQ is more like a slower version of EA Studio with a couple different features (and without the automatic workflow). And FSB is infinitely more versatile than EA Studio.
I was impressed that I can actually use trading experience to help myself create more effective EAs, rather than just throwing everything against the wall and hoping something will stick. Of course, I'm just learning about its features, but I'm excited about my prospects with the software.
I have a mathematics/statistical background and because I don't yet understand how the markets behave and react, I rely almost exclusively on numbers. I'm sure better traders combine the two elements, but I believe numbers are the foundation of good trading. The most important element otherwise (I believe) is Support & Resistance and I've been trying to conceptualize if and how this can be effectively incorporated into an indicator.
I will be super-active in the forums and probably ask a lot of "dumb" questions on my journey. But that's OK, I'm sure a lot of other users will those same questions. I'll also have a lot of ideas and opinions that will probably go against conventional thinking, some good, others horribly wrong. But I'll learn!