Totally agree. Me too. I kept telling other fellow newbies to read every posts, read carefully between the lines too.
This conversation struck a thread with me today and thanks for the hospitality and great conversation. I'm new here to this group of people and so far I'm impressed by the cordiality, friendly knowledgable exchange of information. I want to share a very old quote that has always struck a chord with me when it comes to learning anything. The author, Matsuo Basho, was an Edo Period poet of ancient Japan. He's most famous for his death chant or poem that is similar to our Christian 23rd Psalm. Anyways, enough of the history lesson. The quote, "Do not seek to follow in the footsteps of others, instead, seek what they sought.” is apropos here because if you really want to become a great trader, the information is available. It's been laid out by those who've already done it. They've made the journey a little easier by paving the road, but it's still up to you to travel that road. So put in the work and by all means, save your hard-earned money to trade with or to by the tools you need. Don't give it away to someone who will only regurgitate what you can get for free. And again, Good luck!
The books alone will not give you everything. That is why you have to keep reading. There things you can get from various books to cobble together a workable trading system. The authors give you enough to whet your appetite without giving away the store. Ever notice authors who write multiple books on stock trading? Stan Weinstein wrote just one book on stock trading and it is one of the best books on trading out there. Secrets for Profiting in Bull and Bear Markets is chockful of information. Only knock is the stockcharts were kind of dated since, he wrote the book a long while, ago. Still, any beginning stock traders should get a copy and learn from it. Not affiliated with Stan Weinstein and just pointing out a good book on trading to read.
Thank you for your kind words. I believe anyone can become a good trader if they put enough effort into it. Analyze your closed trades that way, mistakes are highlighted and avoided in the future. Make sure risk management is part of your trading plan. Your job being to reduce risk to a manageable amount relative to your gains.
why do you not believe that you can tighten entries so much that you will not trigger single stop loss ?
what is there to give.? the market trends and pull back. that is all it does so why do people write books?
i did too i traded when there were only pit trading: we would not know whether the order was executed or not till the broker came back after the exchange closed maybe we should compare notes
Buy low/sell high, sounds so easy, but what many do is buying as price is falling and sell as price is rising. All within definitions of trend. So be able to define Trend.
i always try to learn from my past mistake that made me losses in trading. its the foremost teacher in my trading.
They write books but, give you but, a smidgen. Some of the things that are more important you learn on your own. The traders who have written books never discuss it at all? Why? If everyone started using it, it will reduce its effectivity.