After my first year of mediocre trading, I’m looking to do some serious training on a paper account

Discussion in 'Trading' started by TerminalUltra, Jan 5, 2022.

  1. Bugsy

    Bugsy

    They want this sick setup

    https://ibb.co/Wkc46xR

    Then they can stroll back and forth with their arms folded, serious face expression, feeling like a boss.
     
    #11     Jan 5, 2022
  2. deaddog

    deaddog

    LOL Cool!! me too but I manage with a laptop with one additional monitor.
     
    #12     Jan 5, 2022
  3. Bugsy

    Bugsy

    I use my tablet. Used to be my PC but sitting in front of a computer all day sucks.
     
    #13     Jan 5, 2022
    Nobert and deaddog like this.
  4. fan27

    fan27

    If you are going to discretionary trade using charts, I suggest creating a database of screen shots of the chart setups that you are going to trade.
     
    #14     Jan 5, 2022
    beginner66 likes this.
  5. Handle123

    Handle123

    I not found any programmers that were able to trade, until they were able to manually trade. I have worked with many programmers, constantly going back and forth cause concepts in their brain were totally off as I designed rules. I learned to program back in 90's so I give sensible directions, but takes time for them to better understand charting and relationships. I have sixteen automated systems, but several turned off as Indexes too high, plus adjusting funds to long term commodities and stock options.

    I wish you luck.
     
    #15     Jan 6, 2022
    beginner66 likes this.
  6. Bugsy

    Bugsy

    Can I make a suggestion? Don't paper trade. Its useless. Your trading is completely different when you have no skin in the game. Rather, trade 1 single share. A $5 or $10 single share. Even though it may not seem like it on a $10 stock, you lose 10% or $1, it is still your money being lost, and you feel it. It gives you the psychological tug you need to trade effectively. When its paper you will justify wins or losses you would or would not have made since you didn't risk anything.
     
    #16     Jan 6, 2022
    James.DeGori and VicBee like this.
  7. taowave

    taowave

    Day trading??You are setting the bar way to low considering your "resume"...

    Putting in all this time on education,work in a money management firm,and your goal is to lock yourself in your basement and day trade???

    Think bigger,but if you still want to day trade,at least consider swing trading/ momo...

    Read up on David Ryan....

    Check out

    https://qullamaggie.com/

    Good luck

     
    #17     Jan 6, 2022
    fan27 likes this.
  8. ZBZB

    ZBZB

    The only bit of TA that has a lot of money being managed with it and can be automated is trend following. Search donchian channel and donchian moving average cross.
     
    #18     Jan 6, 2022
  9. taowave

    taowave

    How do you define TA???

    Is mean reversion/pairs trading in your definition??
     
    #19     Jan 6, 2022
  10. VicBee

    VicBee

    Day trading provides instant gratification or pain.
     
    #20     Jan 6, 2022
    themickey likes this.