I'm the one who prompted him to start a journal - little did I know the idiots it would attract He's on his way - just needs to assimilate some things into a fully working approach RN
I was just curious that do we behave differently when we are anonymous...this is what i found... Online_disinhibition_effect http://en.wikipedia.org/wiki/Online_disinhibition_effect I belong to "It's all in my head" category..
You needn't tolerate it, though. If you prefer an uncluttered journal, just PM Magna and ask him to do some housecleaning. That'll be faster than waiting for an improvement in manners.
FWIW my advice to you is below. These are things I wish i did from outset. 1. Locate your nearest reputable prop firm. Learn your trade there. Be aware there are many imposter prop firms. 2. locate and find profitable traders. Meet up with them to verify wealth. Convince them to help you. Dont pay them. 3. Dont trade FX on short timeframes to begin with it is heavily gamed. Good if you know what you are doing but lethal if you are new. Game selection is very important. Trading something like treasuries would be a much wiser choice. 4. Avoid all books on trading apart from the bible one on market structure forgotten its name and specialist product handbooks. 5. Only trade demo or chump change until you are confident in your edge. 6. Be wary of people who talk about PA, support and resistance. GL
Of course, when reading advice from others, it helps to determine whether or not they know what they're talking about. Much of what one reads on message boards comes from stuff people have read or overheard somewhere and has little relevance to one's own efforts.
yes I agree. I would take all anonymous internet forum posts which a big pinch of salt. There are a few posters around who are worth listening to though. imo.
When reading forums, you also have to be careful of stooges sent in by the financial industry. Their purpose is to encourage people to gamble. Often they can produce a profit statement. But they know very little of trading. They certainly would not be able to show you they are trading and making the PnL they are claiming. PnL is used for dazzling the beginner easily. Without seeing the evidence of the PnL generation or knowing the risk taken, the length of time take, the PnL is meaningless. Stealth "trainers" work in a similar fashion although they know some of the basics. Again if you were to ask them to make money using their method, they wouldn't be able to.