Hey Leon, did You finally buy the book?
Hey Leon, did You finally buy the book?
Yep,Originally Posted by ;
I found a Used, but great condition (earlier I spilt some tea onto it) copy. #30 on amazon, fantastic thing. I may need to go through the book again however, takes some time for things to stick. Then Ill either highlight or create coppies of pertinent info I need to put more thought in to.
Im really happy with it.
You formally broke it ! LOL
I'll wager (pun intended) that the more you consume the book (like the book absorbed your tea), the further you go along this development:
Gambler gt; Speculator gt; Pro Trader.
I am buying that damn book now! I can feel my mind hurting already. LOL!
All the best Leon!
Brent
A lot of this data is quite basic, but not basic in the sense of'stuff I already knew'. Fundamental in the feeling of,'stuff I must have known before I made my first transaction'.
I have not anticipated a book to make me profitable, original idea's are exactly what earn money. However, the comprehension of how the markets really work is a step in the ideal way to formulating a strategy that really means something.
Things in life is a gamble.
You open a garage to repair automobiles - you put in your cash.
You can lose nearly everything!!!
Which you put in cash to date a girl - no gaurantee you will get her to become your wife!!
In everything, have a fantastic stop reduction - handle it well.
When the connection is not fruitful, stop persuing it.
When the garage do not bring in clients, sell it before the bankruptcy government arrive.
My guess is that trading using an almost total absence of knowledge about how
the markets work is a massive factor in the 95 percent crash-and-burn statistic
that we all hear about.
Q: How many people know it BEFORE they place in their first trade?
A: No way it can even be.1%.
Glad to see you have enjoyed that publication Leon. Even though it is somewhat outdated it is among my favorites and I would advise it to anyone. You seem to be aging as a trader of late, am I correct? I just spotted your journal and it appears you're getting some nutritious screen time; you're eduing yourself on a few of these fundamentals, and are finding the intricacies of the word professional in regards to trading (according to your comment about how distinct this learning procedure is in a different thread). That is wonderful. I started posting in this forum for some rather different reasons but find myself almost nostalgic as I identify with younger traders (trading age mind you) who are going through what I have gone through myself. You seem to have potential.
Anyway, keep at it. You may make discoveries in system development and profit yields; you may have great leaps of comprehension because you discover the intricacies of financial markets, you may even fully understand an edge or two; but your place about the learning curve just advances as soon as your textbook eduion turns into real-life experience. Experts often stick out in their ability to discern prime market conditions due to their specified system. To do so, your mind has to be conditioned in order to filter and translate the relevant information that is affecting the market as you choose on a trade.
What is your plan now, Leon?
Yes Gaston, I feel like im maturing in general.... And I hope I have some possible, lol.
Applied understanding is the only way forwards, so I guess my plan is to keep learning and keep brain-storming on how best to use the things I understand for my trading. Writing my idea down and then trying to dissprove them as trading egies that are legitimate is what I will be doing next.
If you dont mind me asking, How did you stumble into trading? And have you always been a trader?
Good day,
Leon
A thought Ive had....
So many folks in the forums online have a very hard time keeping in the dark when investing Demo and micro accounts. But when trading like this there is always a counterparty Imaginary(demo) or your own broker ((micro) who expects you to lose anyway).
Chosing good entrance and exit points is half of the struggle, the more worrying part is attempting to locate somebody that will take the other side of the transaction when you're trading substantial money.
Looking from this perspective, it ought to be simple to trade profitably in demo. Whats going on?
This should be more worrying for the brief timeframe momentum traders.
I've always had an interest in financial markets. Even as a young boy I remember having discussions with my dad about how stocks functioned. I had been quite young at the time but only the mere concept of profiting from price fluctuation was strangely intriguing. I wasn't only interested in making money though, because at that age what is money anyhow. I simply found the topic alone extremely confusing, and therefore fascinating. This was significant.
However, it wasn't until I had been in school with a spouse a children I found myself looking into alternative ways to encourage my family. I was browsing another forum one day when someone was speaking about day trading stocks. I did a fast search of the termâ€day traderâ€, fell in love with the concept, and began my life long pursuit of financial success.
The very first time I opened a chart I saw that which everyone sees with virgin eyes: randomness. But the more I exchanged along with the deeper I heard the more sense was created of the markets. My passion for studying drove me to great lengths to find real answers to the mysteries of the market. But don't get me wrong, I had my period of inexpensive indior-ridden trading such as the rest of us online fish caught by the hook of badvertising. This phase was naturally temporary for me personally. Such fictitious systems expectedly offer only cheap answers which are evident to anybody with a mind. Success came shortly after this realization. I needed real answers, and I had been great at asking the right questions.
I have not worked for a bank or some other financial institution either. This ought to offer hope to some because all of my questions have been answered by my research. There are very fewâ€secrets†to trading. You may have to dig a bit, but all the info required to become successful is at your fingertips, you only have to have the brains and balls to piece together the mystery.
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