Premonitions of a futures novice

Discussion in 'Professional Trading' started by, Jan 18, 2008.


    This is not going to be a very fascinating or entertaining Journal for a good while. I'm a complete novice (as in, zero trading experience of any kind) with no capital to speak of and very little basic knowledge. For now this will mostly be for three things:

    1. Reviewing and reflecting upon my first trading books. Shooting for 1 per week starting with John Murphy's "Technical Analysis of the Financial Markets", thoroughly read from cover to cover.
    2. Tracking trading systems I manage to develop (no high hopes here yet) and how I can apply them to paper trading.
    3. Monitoring my capital (at the moment this is easy since it's: 0. But I'm working on this in spite of a busy college schedule)

    I plan to trade the mini Dow YM futures intra-day, seems like a safe choice. I've already downloaded a TOS paper-money account and I might use it to mess around while I read TAotFM. I've tried to figure out how to set up paper money on my own, seems like I managed to do it?

    I'm not privileged with the opportunity of having a mentor, and that's OK I'm used to figuring things out on my own. If I go down the wrong path, hopefully someone will sporadically pop in and see that I'm doing something terrible and say "wait you dolt, what the hell do you think you're doing?!".

    I'll start reading TAotFM tonight, I should have a review of it no later than next Sunday.

    I don't think anyone would have read all the way down here. If you did, must be a slow day today huh? :p