Yes, another one

Discussion in 'Trading' started by IamTheCasino, Aug 25, 2020.

  1. Hey whats up. Long story short. Im new to trading. I know how what I am about to say, looks. Im a quick learner, I have learned many things over the years as far as trades/jobs. I was in the military. I look at trading like a business and have ran a couple - both failed, for different reasons but they were successful to some degree. I wholeheartedly believe in the philosophy Mark Douglas taught. I also believe there are a lot of traders who overcomplicate things nowadays - this happens at some point in every profession from my observation. I also believe strategy is 10%, position sizing is 30% and psychology is 60%. Meaning there are many strategies that probably work - again just based upon my observation of this data overload Ive ate through this past week. I have dabbled in crypto but it was very minor and I never put anything on the exchange I wasnt willing to completely give up. This helped me not worry about scams which did happen once.

    I am a clean slate and I know how important it is not to form bad habits. Putting in the work isnt a problem all I do is work on myself and go to school. What i am going to school for is my backup plan - another trade, meaning plumbing or something. Im early to mid thirties. I am wanting to look at this like a real beginner and I was down to pay for a course to get the basics, the general ideas, how to candlestick read, whatever, but Id also like someone to make sure that when I paper trade and audit 25-30 trades that they can tell me what technical mistakes im making and answer any questions I may have on the "whys" of something. Can anyone point me in the right direction? On which courses to look at and who to approach after im done for some "continuing education/OJT." Maybe we can work something out if any of you feel like throwing a dog a bone.

    Thanks for your time.
     
    Last edited: Aug 25, 2020
    murray t turtle and Nobert like this.
  2. Turveyd

    Turveyd

    Top tip, 1 I which I'd of followed 20years ago, get off Forum's, muppets that don't know how to trade profitably will lie to you and claim they can and give you tips that'll lead to bad habits.

    STEP AWAY!!!
     
  3. Overnight

    Overnight

    Yeah, here's a bone...Lose that nickname. It reflects yer attitude.
     
  4. S2007S

    S2007S

    Just think of how many new traders have come to elite the last few months as the markets have skyrocketed. Its become the biggest casino the world has ever seen.

    I'm sure there is some kind of info we can pull out of this to see what stage the bubble is in.
     
    trendytrader96 and Bugsy like this.
  5. Turveyd

    Turveyd

    Not really, Casino always wins, always be the Casino.

    If your winning, it kicks you out and claims your cheating.
     
    Gaslight Capital likes this.
  6. deaddog

    deaddog

    Let's see your trading plan.
     
    NoahA likes this.
  7. Bad_Badness

    Bad_Badness

    And look up what makes a good trading plan before you submit one.
     
  8. Thanks for the assumption. It does reflect my attitude - I want to be a consistent trader that has a probability edge. Im not worried about each individual trade, just like a casino isnt worried about paying out one bet, but like a casino, over time due to probability I win in the long run.

    Lets try to keep the assumptions at bay. Appreciate it.
     
    Gaslight Capital and themickey like this.

  9. I agree, but all forums have a gem or two floating around
     
    Nobert and Onra like this.
  10. give me a day to read over what makes a good plan that way I can put my plan in proper format.
     
    #10     Aug 25, 2020
    Bad_Badness likes this.