Thread: Newbie Factory Journal

Originally Posted by ;

I've uploaded the charts. .

I thought that if you attach an image, it was going to be seen as an attachment. . But was wrong. . The picture was displayed automatically.

I'm still taking it slow at this time and I'm awaiting the PF's opening. .
Anyhow, I am still looking forward to posting again later on. . However, as to when, I guess it is dependent upon when of my preparations are done and when I have the confidence. .

Hey, don't disappear now. You just got started. You have to practice to get confidence. Once you see your trading style working for you, you just get better and better. Even if it is a demo account for the time being, don't stop posting. I'm still a newbie myself, but I understand alot from greener newbies too.

Cya about
Habeeb

Nope I won't be disappearing. . It's just that at my current time limitations, if it was real money, I won't have the ability to watch my trades. . I want to give my entire work to it if ever I do start trading. . Its just that I feel that when I do start trading right now, I feel I won't have the ability to provide my 100%. .
Or perhaps these are just alibis. .

Anyway, right now, I just feel that there's still something missing and that I'm not that ready to trade. .

And that is 1 lesson I learned by reading The New Markets Wizard. . Trade only once you have the confidence and the urge to trade.

Though it might only be demo money, I'm already imagining it was real money. . Though that would be hard. .

So don't worry about me man, I'll be posting every trade I input and hopefully you will be there to present your feedbacks. .

It has been quite a while since I posted in this thread. .

Only posting little nuggets I got fromnigeriaforextradingArticles... Will resolve this diary soon. .

Experience by Joe Ross

However, most technical indiors wipe away the very things we do want to view. They take your attention away from what is happening to price.

By minding they purport to remove ?noise.? But it's the noise that we, as traders, and especially day traders, many want to view. The noise is the thing that tells us the reality of what's currently going on.

We are convinced that the best way to exchange should be termed ?Truth Trading?.? In fact, we are so convinced that we have trade. Truth trading views the market as an entity, a throbbing reality that includes fundamentals, technicals, and realities like news, rumors tendencies, common sense observations, and market conditions.


My Comments
Though I believe he is somehow against Mechanical Trading Systems, we can't dismiss the fact that there are individuals that are successfully trading utilizing only mechanical trading egies.

I've nothing against auto-trading, but it is the practice of trading (understanding your stops, Take Profit, etc.) that keeps me interested and enjoy about trading. . I only believe that it's searching for that system that you understand, have confidence, and plogically fits. .

We have the Market Wizards to show that a lot of approaches to the market can lead to profits.

I also concur with him with respect to a lot of expertise that will teach you the ideal.

Anyhow, just posting my remarks. . Writing is my outlet. .
there can be some parts which I may have misunderstood, so I am reading it again. .