Hello everybody, Don't know how to really start this off, but I'm looking to re-dab my left foot into the stock market and test the water. The last time I tried stocks was back in 2002 and lost a good amount due to my mental weakness in 'following the herd into the slaughter house'. I basically didn't know anything and trusted the opinions of others. Stupid.... I know. Any, I've always been intrigued by the market and I feel like it's time I try again, but be prepared this time around by doing everything necessary in my powers to learn the market. I'm a software engineer by trade and I would like to think that I have the analytical skills to learn TA and other trading aspects involved to become a successful trader. So this message is more of a plead to find out from you experts how a newbie like me can hopefully rise to the top. I'm not looking to get rich quick and I'm willing to invest as much time as I need to 'get' this, even if it means a few years to a few decades (hopefully not). I've already purchased my first book titled "Technical Analysis for Dummies" by Barbara Rockafeller and I hope you guys/gals will be kind enough to give me some input. Thank you all and take care!
Considering your current occupation, and your previous disposition for "mental weakness", look into mechanical/ system/ algo trading. There are plenty of post regarding this type of approach to get you started. Basically you are looking to develop a specific system of entry and exit criteria on what ever market you want, attach some money management and test it historically to see if it works. Good luck, pneuma