Also Saltynuts, I believe it depends on your personality as well man. I really just open a 5 min chart and use price action and technical analysis and go for it. I just learned from different trading systems I use to use from trading guru chat rooms. Now, I just do my own thing. I know noone is ever going give me profitable system, so i find my own.
It took me 9 years, SimpleMeLike...before I realized that in 2009. I casually started trading and day trading and swinging back in 2001 from investment newsletters. and tips. and trading seminars held at the Holiday Inn and Radison hotel lobbies. They served free breakfast with eggs, and hashbrowns and sausages and even coffee. I lost a total of 50% of my life savings, or $3,000. Before the lightbulb went off. I was a realtor in 2008...when I heard about Japanese trader CIS, and later BNF. Their stories of millions made me really hungry for money and trading. Breathed new life into me. I was tired of living at home with my parents and driving a Camry. I wanted to drive a Porsche or Ferrari and have my own house...so I can basically get laid and lose my virginity. They trade the broad (Japanese) market index, daily I believe...and basically have compounded their gains to the moon. I guess you can say...they are true ET's, extraterrestrial traders. I'm nowhere near their success, I have only managed to grow my initial $1,000 account into $2,100 in three years. But I figure with compounding and time...I'll be a millionaire by 2020. Feels good to talk to someone and see your avatar face, SimpleMeLike. I stare at charts all day and my beagle. and porn. I love 2018. and 2008. and 1998. and come to think of it, the late 80's were awesome as well 1988. 1978...I guess even that far was a great year as well. The Legacy 1978 youtube.com/watch?v=JFBsMqVIO9I I've seen it many many times.
Lmao hahaha. I hear you man. Maybe it's time for you to get the married life and have some kids now. Trading isn't everything. I like trading, but I'm not staring at no chart alll day. I just trade the open to lunch with the big boys around. This trading stuff is really not hard, it's alll the resources out there making it hard. That's why I stop looking for strategy or system. There is none. Nobody giving away free money. I gotta make money myself, no time for reading the book waiting for the money plan. Well hopefully trading get better for you man. Just keep on trading , but go and find some woman to marry to now. Or get the girlfriend for some companonslip and time away from trading. Go on dates with women and have some fun man. You can't stare at charts alll day long and watching the porn man. That will make man crazy sooner or later. Go find some wife man and get the kids.
Yes, that guy was showing his booty in his Avatar awhile ago too. Maybe he bored with himself or too much trading the money today.
--> This was some good CL trading back in the days of the arabian spring (around 2011), when CL was super volatile. Behind these trades was a very experienced guy who was all about cutting losses early and disciplined and pyramiding up into some very huge gains once in a while. Plenty of videos on his channel. --> Lakai's channel. Never really knew if this guy and his account were really "real", but he had some good knowledge and excellent feeling for the market for sure. Had a good chatroom with a few good traders participating. Plenty of videos on his channel, and even if they are mostly for entertainment, you can still get some ideas of his (good) trading from watching the videos. There is always something to learn.
I really like the Khan academy vids. They've put out a lot of great content; not too deep or "mathy" but great for general education. For example, here's one explaining the inverse relationship between interest rates and bond prices:
Look up Mark fisher on YouTube there are some seminars that were recorded posted. The video quality stinks but the information is definitely worth it. Not a get rich quick “system” or anything like that but it will keep you from blowing your account to pieces.