Your friends want to learn trading, funny spectacle.

Discussion in 'Trading' started by Referrer, Jul 14, 2007.

  1. Referrer


    This what I am about to write here is interesting and speaks to why some people get it and others don’t.

    I am a successful day trader, been at it for 7 years now full time. I do 200 % return annually. Well I keep company with bright people, all academics, realistic men of hard work and discipline. So they approach me asking to learn how to trade successfully. Me being a decent guy decide to point them in the right direction.

    First I tell them read fully Reminiscences of a stock operator. Several times if need be.

    Second I tell them completely ignore all public indicators, focus only on studying price support and resistance, you only need trend lines.

    Third I tell them, ignore news completely, news trading is unnecessary

    And finally, I tell them, pick an instrument, pick a smallest lot or contract, and trade everyday, practice makes perfect.

    Out of 4 academic friends who wanted to learn to trade.


    Point is, if you do not have true interest in trading, the kind of interest that keeps you up at night.

    Just pick something else to do with your life.