The 48 hour work binge is just to train your body to work under stress. To hone in on your body and make notice that it is really mind over matter. That is the real point of that exercise.
Just read through the entire thread. You must have made one of the fastest starts ever. Great except this a lifetime marathon. You will still be learning aged 70. As for the advice offered to you so far - well yes middling to bad. You have stated very clearly what YOU want. Have a thought to the gist of what Jack Kennedy said ( he had a very good speech writer ) - about doing what you can do for others , rather than what they should do for you. Why would anyone want to make the effort to make YOU a multi-millionaire hot shot. What have you got to offer in return ? Or is it all take and dump the help ? Only 19 ! OK so you have a lot to learn even at the pace you have started. Trading can be a lonely business. Good luck
This is not my experience but something you will probably experience Yep, i agree for some thats the case but i'm crap at demo because i can't take it seriously. I didn't start developing as a trader until i started feeling the pain of losing real money. However, it is important to have a proper strategy before you put real money on the table so if demo does it, then fine. When i'm looking at new things i just backtest extensively and then try it with small stakes. Just my story on starting out... i was full time trading about 3 years ago - not because i wanted to but because i had just come back from abroad and had nothing better to do while i was job hunting. I'd traded shares successfully for years with my spare cash and so i thought 'no problem'. Off i went with my stash of cash. On my evening of my second day of trading, i was long gold when the fed made some earth-shattering announcement (can't remember what it was now). Gold shot up and i made about 500 pips in an hour. I think i bought wall street too. The next day, i'm looking at brochures for new cars lol... The problem was, it was a suckers move because it made me think i was good at what i was doing when in reality i wasn't. Needless to say the profits disappeared and more besides... it was a humbling experience but I hate being beaten so i tried every method/indicator and his dog until i f...king well tamed the beast...! Now i have a job i wouldn't change for the world so i trade part time but profitably. Mrs splashy calls it the holiday fund! I also enjoy really enjoy trading but i missed the social aspect of going to work, meeting people etc. The moral of the story? None, i wouldn't presume...but in general if someone wants to try something they should go for it. You tend to regret the things you don't try more than the things you get wrong.
Don Bright would say yes to you, I believe. My view is that if you continue to copycat, you will wind up where those you copy have wound up. (Not very far intellectually nor financially) I believe the place to start is to listen to the market. The market told me that it, because of granularity, requires that I operate using Boolean Algebra. The mind is more than capable of becoming fully differentiated with respect to EVERY aspect of the markets. Therefore, the mind building ends when a spectrum in the mind is fully differentiated with respect to the operation of markets. Doidge presents many chapters of how neurospecialists helped others to overcome their mental limitations. I have lectured at Tech and Harvard. I was an Adjunct Prof at Penn. For the former, I was regarded as a scientist and planner. At Penn, I participated in many fields among them finance. The best and very brief place to understand the mind and how it is built is: Behavioral Finance. There on the home page you will find a brief comprehensive overview entitled: "BF or BS". Don Bright has made some terrific suggestions to you. He explained the degree of simplicity of the markets and trading them. He also told you that 99% of all those he has run into who presented in his presence, did not get the job done. He may have used the word BS. See the above article title.
Speak with your mom or maybe your dad. Other People's Money The financial industry does not succeed in extracting the capital offered by the markets. The people you mention and are copying choose another route to riches: fees and commissions. They do this by soliciting OPM to operate. You are participating in going down the fork in the road to becoming wealthy (by your efforts since you will become wealthy through inheratnce already) by working in the financial industry. The other fork is what Don Bright is suggesting. He will require you to become licensed for good reasons. I escaped the licensing bargain because I wanted to not have reporting requirements. BUT as an amateur I could not escape the SEC. They see my profile as an "insider trader". By their judgement, I am succeeding at a level that is not possible unless I cheat. One of my former students came to my home in Greenwich at midnight of her 21st birthday. She was a math major at the school where Robert Frost hung out. (Middlebury). She and her best friend sat with me for a few hours. we played around with a high 7 digit problem she created. We decided she shoul go sky jumping the following day and she should get rolling financially by continuing as an amateur. My daughter is named after her. Good luck to you. Use your resouces.
http://www.cmegroup.com/education/interactive/marketprofile/ learn how to draw this chart,buy a graph paper notebook,do it by hand for 6 months,notice the ledges,nips and cleaves,watch how it moves to those, get an acct at think or swim,learn to use their multi day charts applying the same principles you learned by hand on the daily from 830 to 315 cst ,after 6 months your hand will be telling you where the market is going.. sim trade for 6 months to a year trying to lose money and take a lot of losses,then you will be comfortable losing,you will have learned it frwd and backward,losing takes the longest to learn because everyone avoids it,it will make up more than 50% of your trades,so learn to do it well and you will learn to do it small,you will also learn what not to trade, those trades you purposely took to lose will be obvious, making money is easy, not giving it back is hard...then learn to make money half the time for starters, letting your winners run to those nips cleaves and ledges and cutting losers short,once you think you have a handle on most or all of that,then go live with 1 lots,limit yourself to 1/12 of your acct loss per month,when you get to that point, put yourself in the penalty box and go back to sim mode,this will keep you in the game for a year if you lose every month..after doing this for 6 months, be glad to answer any questions, the 6 months allows you to get your own take on it,no one else's ,since all the decisions will be your own
also make yourself aware of n,c,l's in other markets that correlate to the one you are trading, this will give you confirmation on the targets