just joined the forum and need all the help i can get.

Discussion in 'Professional Trading' started by MartianVee, Mar 3, 2015.

  1. dbphoenix

    dbphoenix

    Actually he's talking about me, though he doesn't have the stones to say so. (Ditch has issues)

    I didn't respond to your initial post because I have no interest in Forex. However, if you're interested in "price action", as opposed to indicators and various arcane means of displaying data, you may want to check out this. And it's free.

    As for Ditch, listen to Georgii.
     
    #31     Mar 4, 2015
    dartmus likes this.
  2. Autodidact

    Autodidact

    I hear you, thanks for your input.
     
    #32     Mar 5, 2015
  3. BSAM

    BSAM

    (Like)
     
    #33     Mar 5, 2015
  4. Georgii

    Georgii

    I'd argue there are definitely people that will mentor for free, but the biggest problem is that most people who ask to be mentored never want to do the homework necessary. Why should a mentor spend time to teach someone if their student doesn't want to do the heavy lifting?

    Finding a good mentor (especially a free one) is very difficult, I never got lucky and had to go about it on my own. After a while it becomes increasingly more obvious what you need to do after going through 'trading 101': read about a few price patterns, research the hell out of them in the market you're trading until you get all their characteristics and variations, and then learn to execute the ones that have an edge and that you understand best without making mistakes. Rinse, wash, and repeat. Sounds much easier than it is, but in the end that's the meat of it, and it's amazing how many people DON'T want to do this and think they can trade profitably.
     
    #34     Mar 5, 2015
    dbphoenix likes this.
  5. ...i started out about/learning how to trade by watching trading-themed movies...sounds kind of silly...but this was a small stepping stone long ago... :confused:



    Trading Places 1983
    Wall Street 1987
    Wall Street 2. 2010
    Boiler Room 2000
    Other People's Money 1991
    Rogue Trader 1999
    Mr Destiny 1990
    Margin Call 2011
    The Deal 2005
    Wolf of Wall Street 2013
    Family Man 2000
    Arbitrage 2012

    ...and the many finance/trading documentaries available on Youtube. My personal favorite are documentaries about the 2008 housing market bubble collapse -- I never seem to get bored watching those.
     
    Last edited: Mar 6, 2015
    #35     Mar 6, 2015
  6. Risk619

    Risk619

    :D
     
    #36     Mar 6, 2015
    Ditch likes this.
  7. Georgii

    Georgii

    I saw many of those films and they didn't teach me a damned thing about trading. They did show me a side to life on Wall Street, but I honestly can't expect some Hollywood screenwriter to be able to relate key trading concepts.
     
    #37     Mar 6, 2015
    dbphoenix likes this.
  8. Ditch

    Ditch

    Don 't you do coke?
     
    #38     Mar 6, 2015
  9. ...Not everything in life is learned in the classroom, so to speak. Sure, of course, those Hollywood/entertainment movies are not made to teach you actual trading -- that would be boring. It's kind of like the story of the Karate Kid...doing seemingly menial tasks...before actually 'learning'.
     
    #39     Mar 6, 2015
  10. Georgii

    Georgii

    Well I guess it depends on what kind of trading you want to get into. Naturally Hollywood isn't going to make a film where Gordon Gekko is sitting there at night scrolling through charts in Ninja trader, or Ben Affleck is reading a lecture on how to fade the opening range, lol. They're going to talk about the kind of stuff that will get the SEC knocking on your door, or the usual bank trader stuff like in 25th hour where they're all gambling on whisper numbers and trying to catch a ride on each other's coattails. Either way it's stuff that's irrelevant to retail trading I think. I certainly wouldn't waste my time on it unless I just wanted to unwind for a night. "We don't hire brokers, we train new ones. Let's go skippy..."
     
    #40     Mar 6, 2015
    dbphoenix likes this.