Best advice I can give you - find a mentor who has been successful for years consistently, and become a sponge. You sound like me when I started a few years ago and I'll say this: all that garbage technical analysis you were talking about did not help me one bit. Remember this - every trader is different, because something works for someone doesn't mean it will work for you. It will take you a while to find your style, your personality, and your appetite for risk. Don't become anxious to make money, just focus on the process of learning, and above all, being CONSISTENT. That's the best advice I can give.
Definitely... as a matter of fact, in my experience, nearly impossible. There's so many benefits to networking nowadays - just THIS forum for example, or stocktwits, etc. While there's a lot of garbage, there's some diamonds in the rough, just have to find who is legit.
Ok but what do you think trading the market is? A part time gig anytime you wish? It's an 8-5 commitment plus additional hours of research & testing.
It's extremely likely your mentors are not just depending on those three lagging indicators you mentioned, the stoch and CCI and MACD. You need to learn about some "leading indicators" ideas such as price action, divergences in order to anticipate and confirm a more likely move since stoch and CCI taken by itself crossing over threshold lines will always be lagging by one bar usually after the close. Also try to incorporate support and resistance line awareness in your trading. And also some "dynamic s/r" such as a 60 ema. If trading stocks or stock futures indexes such as the ES, the $TICK can be helpful since the TICK pretty much shows what most stocks are doing. that you mentioned a candle pattern in conjunction with a certain CCI move is good. when you are using more indicators in conjunction with certain price action patterns the probability gets improved. And be aware of using indicators such as the CCI in different ways, such as drawing trendlines on the CCI itself. But just finding a way to trade off just one indicator rarely works in the long run. It will take experience with price and learning to get out early when there is no reason for the edge lasting anymore. Good luck.
That's the exact impression I get from my friends when I tell them I primarily only trade the first few hours of the day and have the profit targets that I do. Seems like unless I explain in great detail the pain and struggle one goes through to get to a profitable point in their career do they fully undertand the commitment.
So u came in with a "beginner thread" and want to be successful in trading. Who here in this forum doesn't want to be successful ? So if I say theres a sense in what you are doing ? Why would I tell u? I'll probasbly take what you've said, put in onto my existing syste to see if there's Alpha, period. btw did I see wrongly ? $2,000-$3,000 USD ? Go to Las Vegas. Its faster.