I am running some scientific research to see how technical analysis is reliable, but of course it depends by methods and temporary outlook, but is definitely a n universe of tools I am going to add. Because of my esoteric interests I am gonna look into fibonacci this week, and i guess Elliot waves in these times. Thanks @Genevian Speculator
Do you want to have fun or make money? Hobbies are great, but they usually cost time and money. If you are trading with 1k$, you are not even paying off yourself for the minimum wage. Trading 1k$ is pretty much the same as trading a demo account. Psychology changes drastically when you are trading sums, that are actually meaningful, and the problem is not as much when you are winning, but when you are losing.
are you a contrarian? a request to posting back your total out of pocket investment as well as the year over year/by year returns? now the sarcastic comment/questions - what are your hand full of picks that consistently get you 11% returns & are those returns a one-shot, daily, yearly & what about your loses? on a percentage scale what is your win/lose ratio?
to themickey, orbit23, never2old @themickey >Don't forget to look at Gann and Al Brooks bar count mystery explained. now in my todo list, thanks @orbit23 >Do you want to have fun or make money? No brainier fun. Predicting the future make me a God. And I want to make money as entrepreneur, not as trader, from trading I want just to invest my spare money 4 to 10 annual return is OK. Is about circle of competence, I admit I am not expert to make it for a living. Then as we say in Italy from one thing can be generated another thing: should I see I am a new Buffet and I did not know, well I would capitalize more time on trading together with other sources of income. Be clear I want to make money to read Plato and listening Bach all day long, so I am interested by the freedom that come from the money not the childish game of power, even if I guess I would love the idea could be even more sexy if filly rich. >Hobbies are great, but they usually cost time and money. If you are trading with 1k$, you >are not >even paying off yourself for the minimum wage. Hobbies do cost time, but they enrich time and life for definition making more efficient your working life. I am starting with 1k, then we will see. I am prototyping my skills. >Trading 1k$ is pretty much the same as trading a demo account. Psychology changes >drastically when you are trading sums, that are actually meaningful, and the problem is >not as much when you are winning, but when you are losing. I guess you are bloody well right on that, But I guess if I invest a percentage of my money only, then I could beat this fear if I know enough my self, after all I get emotions, I read really educational astute human beings, and get an entertaining intellectual and psychological challenge, and this at the net of the hyper inflation could come and the money I will lose following European football. @never2old >why are you asking for sarcastic comments? 'cause make me laugh, and good humor optimize my investment choices >are you a contrarian? Do not tell everyone but i am Marc Faber, well I wish, well no he smokes too much, but contrarian is the essence of the game, who follow the trend survives with up and downs, but buy underpriced when trendFollowers are chickening up, and sell overpriced when trendFollowers are becoming hungry and you are a contrarian. >a request to posting back your total out of pocket investment as well as the year over year/by year >returns? I do not undervalue myself stating that nobody would be interested, and then trading is a really small part worthy one experiment so still not budget forecasting, my 80 20 return is going to come from my 3 years future employee/freelancer income, and my house position in the Netherlands >now the sarcastic comment/questions - what are your hand full of picks that consistently get you >11% returns & are those returns a one-shot, daily, yearly & what about your loses? Losses.. today was the first real loss day, but I soft landed, selling shell immediately as soon knew about the lack of dividends, tomorrow, maybe one week, maybe one month I buy my position again, third company worldwide per income, the governmental reserves are not going to last, do not care for fluctuation of the future contracts, nor Opec+, and (I care.. "but do not care") about sustainability, shell is going to transform accordingly, is so under-priced that if is gonna come a new low I am gonna buy as in a candy shop. I guess as observer of the traders, the problem is that they want to gain, find resistance lines, scalping, scanning, for the sake of doing, basically every day cause are addicted, I am just seizing this occasion, when I won't be certain of a stock I am not going to buy or short it. >on a percentage scale what is your win/lose ratio? 73% I guess. But one month does not matter, I played psychologically and plus I have in linkedin the CEO of PVH that announced the reopening of the stores, so I knew that before the news, and know how steady and sturdy is that German management style to take opportunities and China/US war at the moment is shelved in my opinion(apart 5g), so I made most of my portfolio, because I invested 33% of capital on the low moment, same for the oil.
Please don't take me seriously. Gann is a disaster, Brooks really means Books (seller). Think like this...the more shit you add to trading the deeper the cesspool becomes, now I'm being serious.
For a noob, they need to learn as much as possible, then comes a point one needs to go back out and simplify, simplify, simplify.
I have to disagree with you here, Mickey. If someone wants to day trade the ES there is no better place I can think of than with Brooks's Trading Course if you don't have a mentor. You yourself never owned or viewed his course so you really shouldn't make these posts about it. You are like a restaurant critic telling us the food at a particular restaurant is horrible though you skipped your reservation their and went to McDonald's instead. Speak about what you know - it will make you look smarter.