Unless you are using tick data or at least one minute bars you can throw your test results out the window. Meaningless.
I was using one minute bars, but I have never used tick data. I thought that was something you had to pay for extra. I just learned TOS does have it. I just spent the last 2 hours playing around with tick data, and it is like a whole new ball game.
If you are looking to get rich quick, don't do it. If you are looking for a challenge, you've came to the right place. Having realistic expectations can help a lot. Just know that it's going to take a lot of time, work and effort. The 10,000 hours rule applies. Problem with "i've excelled with everything in life" is that trading is unlike anything else. It just doesn't work that way. Expect to get your ass beat. There's a saying that "Wall street takes the brightest of the people and smashes them into the pavement on a regular basis". I am not sure how accurate the data is, but i think i've read somewhere that doctors, lawyers and engineers are amongst the biggest losers in the stock market. They've done well so far in life, accumulated lots of money, they think that they can do it in trading too...... and they blow it all. Starting to trade with lots of money is one of the worst decisions you could probably make so you are on the right way to start with a small amount. Once you learn some of the mechanics of the market you should size up though. Trading is 80% psychological and once real money is on the line, your decision making capabilities will be put to the test in real environment - under stress, uncertainty and randomness. It's mandatory to journal on a daily basis. It's important to keep track of both the setups in the market and your mindset. Track the setups that are working, but at the same time record your feelings and decision making processes. You will find the patterns in both the market and your own behavior. Keep reviewing and keep learning from your mistakes. There will be a lot of failure and mistakes, you can take that for granted. And it's okay, but you have to learn from the mistakes and adjust. You want to be a doctor? Lawyer? Engineer? Study hard, get good grades, go to college and voila. Want to be a trader? Well what the fuck are you going to do, LOL. That's one of the bigger problems when it come to trading. Education is mandatory for success in any field. But there's no such thing in trading. It's also highly personal and you have to find out what makes sense and works for you. Takes a lot of trail and error. The best way to go about trading is to have a mentor who is already successful. All good traders had one. Good luck finding a proven trader who is willing to teach you though. Can't give advice on those courses. I think you will get fucked if you buy them and if you don't There's a trader on youtube who shared some tips too, so i recommend you to listen to him carefully multiple times so it settles in. He makes more than 10M per year.
Be very careful about who you take advice from and which advise to take serious and which not. There are people here believing we didn't went to the moon, space exploration is pointless, ... People who think they know it all and only their knowledge is the truth. You have to read between the lines, ignore the guys with thousands of posts in just a few weeks or months, ignore the ones who act like they know it all and everything else is BS, they are full of hot air and are full of BS themselves. There is a lot of value here but you will have to put a huge filter on all the stuff you see posted here.
Thank you orbit23. I do not have big dreams, well they are big to me, but not to most. My big dream it to make 370$ a day before my body starts to fail me (5-10years). I was trading with 100$, but After taking a 2 dollar loss a week ago I am defiantly shaken and making poor decisions. So I am starting to back test and trade Ondemand in TOS at night. I need to get my moxy back. I don't think I am going to by any courses yet, or maybe ever. I will watch the video tonight. Thank you DevBru. I will at some point have a better filter, but when you are completely ignorant it is had to know who to listen too. I am learning and will continue.
%% Good. SPY is much better than some junk in the stock market. I bought a used tire, Goodyear or Good rich from a junk/recycle dealer. He wrote ''good'' on the tire '' LOL/true.
Man, you told me this once already Must be getting rusty M ;D Away from that, if it happened unintentionally - then happens to me as well, if it was a joke, +1 I mean, 4 grand for a course... Why in the earth. One pattern among folks buyin courses, gym memberships, >>herbal life<< beginners package & etc - not that many of em are serious about their stuff. If you're serious, then youtube, forums and sims will give you the best course that there is. - The course of patience. After all, in 2000s, based on analysis of Zacks, only 24 analytics out of 8 000 , said to sell, so da hell we know.
%% True; its an intentional + repeating market pattern. Its worth repeating. And have a Goodyear/Goodrich. NOT a stock tip ;they're good names. Good [That's the stock market; a good name or good co does NOT mean a good stock price/LOL]
Hey there, another Newbie here infact this is my first day/post on this forum. I have been researching various educational programs as well for a while now to get some direction however I'm still not sure about what to really expect from these "trading Gurus", I've been going back and forth between Ross Cameron's (Warrior Trading) free morning live sessions and Steve Dux's recorded youtube videos they have been helpful but then hey who would complain when its free? Like you I've also been using TOS paper money for practicing my trades, I found out how you can get realtime data while using PM, you need to go into your TD account and under subscriptions activate the free realtime NYSE data subscription by checking the radio button, then deposit $500 into your TD account, login to your TOS PM console contact support via chat and ask them to give you real time data and you'll have it enabled in a few seconds. Feel free to PM me I can share a few more resources with you, perhaps we can join forces to defeat a common enemy ;-)