Advice for all the noobs who want to be a full time trader...

Good question.

1. Find and validate trading edge(s). Period.

2. Research and stay in sim until you complete step 1. Period.

 

When you start out live for the first time you don't know how to make money trading, not even if you are profitable trading in a demo environment. You can't buy anything with demo profits.

The mental aspect will be completely different and almost no one will be making money when they go live for the first time ever, no matter how much demo experience you have. You need to get used to having real money on the line, so starting out small definitely is important when you go live for the first time ever.

If it doesn't affect you and the performance you expected you can scale fast, if it does you can take your time instead of driving yourself crazy by going full size from day 1.

 

The disagreement over ,,...To be, or not to be. In demo'' is kinda a new alternative to everlasting disagreement between TA vs FA**, efficient market theory, chicken or egg & etc.
**
(at least they present it like that in Market Wizard series, tho it's obvious that big players use both)

 

I could be wrong but I have the impression there's a swathe of noob crypto traders coining it, excuse the pun.
So, noob crypto guys and gals are profitable out the gate, what's happening here?

 

Everyone can make money buying the craziest bull market ever, that's not trading.

The hard part begins when the market is sideways or downwards trending.

 

This crazy bull market will last forever.

 

As if. You Brits are still hiding at home. Can you even go to the pub yet? LOL

 

HOW do you know i am a person at all?

and if i am dishonest what is the purpose of that? how am i frauding anybody because dishonesty means depriving some one of something? what am i depriving any body of?

 

that is correct.

do you need to read books to know what the market is doing.

it moves corrects and moves again. for that you need a book?

 

this is not a casino...casino is a closed system....markets are not.....edges are not valid for markets.

markets do the same thing over and over again..

all it does is move, pull back, move again.

why the fuck do you need 400 pages /4 books or 100 videos to explain that.