Exploring a career in 'Trading'

Discussion in 'Professional Trading' started by wolfen, Dec 20, 2003.

  1. 4 step approach (to be followed in order)

    1) Bet smaller than you can afford

    2) Keep pulling the trigger

    3) At some point, you'll realize that you need an edge and start looking for one.

    4) Depending on your personality type, you might find that edge in indicators, or charts, or probabilities, or stock stories .... it could be anything.

    You'll never know until you jump right in. The truth is, it is impossible for you to know what you need to know before you've tried it.

    So just set aside a dollar amount, set aside a time limit and dive right in. Good luck!
    #21     Jan 7, 2004
  2. wolfen


    Again, thank each of you for your thoughts. Since the Last Post, I have been preparing to 'open shop' as it were and begin trying my hand at trading. I believe that I have all the basic needs met now. (hardware, software, charting, data feeds, open trading accounts and the like).

    I intend to open a new thread which I will call New Trader or something like that. Anyone interested in seeing how I am doing is welcome to drop by, laugh, cheer, puke or whatever!

    #22     Jan 23, 2004
  3. Good luck and happy trading!
    Cheers :)
    #23     Jan 23, 2004
  4. Oh that did it. You are suddenly going to become the most popular poster on ET.

    I am a girl. female, woman.....
    (we get the picture)
    #24     Jan 23, 2004
  5. wolfen


    LOL PuffyGums!!

    I think not, I am 5'1", weigh 300 lbs. so hairy I look like a bear, I don't bathe, and have a total of 14 teeth!!!

    #25     Jan 24, 2004
  6. xbrxx


    That description is fairly vague. Do you have a picture?

    #26     Jan 24, 2004
  7. wolfen


    Sorry xbrxx, don't think i have any pictures that I would make public on the internet. Howver, if I make the cover of Forbes I wil be sure to tell every one about it!!:) :cool:
    #27     Jan 25, 2004
  8. Does your description of yourself qualify you as a she-wolf?
    #28     Jan 25, 2004
  9. Their isn't a university in the world that can guarantee a profit it ones brokerage account.
    A 22 yr old out of college will take a beating just as a 32 year old having a mid life crisis will if they haven't done their homework.
    If you keep your trading style simple and consistant a blue collar guy will be able to keep up with the university grad.
    The idea that college makes a person smarter is laughable.
    You cant be taught common sense in college. You don't need a degree to understand what makes the market move.
    While the youngster is off in college dreaming about a life, us dummies have a 4 year head start trying to achieve critical mass.
    If you payed attention in school, you know the power of compounding will get me their faster.
    Good Luck

    #29     Jan 25, 2004
  10. Hi Wolfen, don't worry about all these naysayers. Being properly funded and highly educated puts you in the top percentile of all traders. Take advantage of your position. You should trade with as much leverage as possible to start out. Trade the electronic emini market so you don't have to deal with a market maker trying to rip you off. Those markets are also very liquid. Finally, I highly recommend using the Stochastic indicator as much as possible (sell when overbought, buy when oversold) as most idiot traders who lose money don't understand it. There is lots of fine information about it posted by Jack Hershey/Grob109 here at ET.

    Good luck,

    #30     Jan 25, 2004