Year One: Believe TA Year Two: Backtest and Trade TA Year Three: Refund Your Account Year Four: Believe Jack Hershey Year Five: Refund Your Account Year Six: Look for Other Ideas on ET Year Seven: Refund Your Account Year Eight: Believe Your Intuition Year Nine: Refund Your Account Year Ten: Code, Test and Trade Insane Ideas Year Eleven: Overcome System Trading Boredom
Funny thats pretty close to my history, give or take a couple of deviations. Except mine would start... Year 1: Make 1100% trading Networking stocks during the dotcom bubble .... but after that its almost the same.
Hahahahaha! My story is that I made a ton of money on dead cat bounces because nobody could believe it was really as bad as it appeared to be.
whats an example of an "insane idea". not asking for too much info, just curious what would what kind of trading is categorized like that
I forget. But I wasted a significant part of my nonrenewable mental resources parsing the method and backtesting the pieces. Likely it was in 2004. I'm a slow learner.
I've done nearly 10 yrs also..it will be 10 in October. Self taught,surrounded by skeptics. The amount of time is incredible to most people, I'd be called a fanatic if they new. Suffered two heart attacks in the last three years , three angioplasties ...Futures can be quite the rollercoaster which is what I've traded the most- my fault ,should of had a treadmill earlier. I am now trying to stop myself from daytrading-swing holds will replace them, longer term plays. I would not have done it any other way, I love the markets- the potential that they hold keeps me at them and the time I put in makes it seem silly to quit now besides every now and then I grow to my next level and I find new confidence in my acquired ability. I am not a people person so trading at a computer alone or with my dog is right up my alley as well.(all nighters included) I started by reading the Toronto Star quotes and buying what was going up, first two trades turned out well and I never stopped from there. Trading 43.00 cdn per side commissions at Waterhouse in Canada in 2000 not like today at I.B makes it a little easier. So much more..