stay away from indicators. you don't use them to buy a car or a pair of socks, why stocks. read my 'trading is easy' thread, study price action and market structure.
The Russians are coming! The Russians are coming! They are already here! Next thing you know, they are takin over. Beware ;-) Jokes aside, trying to trade /ES for the last couple of months. Will check out the Hall of Fame. P.S.: Sorry, did not mean to be sexist by using 'man' in my prev. post.
Thank you, sir! I wish I could find a place to hang out with older traders! Wishful thinking, can't even find a mentor ;-( Can you please point me to some qualitative resources in "Educational Resources" to get me started?
Subscribed to your 'trading easy' thread, studying Brooks and Volman on PA, what is a good resource on market structure?
Great you identified the gender now, lol, but you lost again - I am Russian too, from Odessa! Es is the best for me too, and there are many experienced and successful ES traders here. Here are two more threads https://www.elitetrader.com/et/threads/the-best-trading-proverbs.284308/page-116#post-4685294 and this one https://www.elitetrader.com/et/thre...coming-profitable.165170/page-36#post-4684697 May those last be your first, so then, soon you may start your own melancholic thread like this https://www.elitetrader.com/et/threads/millions-made-much-of-the-world-seen-what-now.319486/
Learning how to lose...which is to say, knowing when to walk away. This applies to winners too...knowing when to take diminished profits after you missed the exit. It's not really something you can learn from a book or simulated trading. Of course you can find the rational explanation of it and implement it paper trading, but it's so much more of a personal and subjective thing when it's real money. Also, cutting costs is something that will give back to you on every single subsequent trade and go a long way to tipping the scales back to even, if not in your favor...spend a lot of time focusing on this because it's a heck of a lot easier than squeezing more out of the gains side of the equation.
I use a very rough structure - pros and amateurs, longs, flats shorts. but you can research on the money manager behaviors.
Hall of Fame is pretty good. Where are all these "experienced and successful ES traders here" hang out? Asking about thread/subsection.