Before internet trading was available to me I spent the whole day in the boardroom of the broker's office for 23 years. Surrounded all day long by a large number of traders talking about their trades, both good and bad, I certainly witnessed, and definitely learned from, every possible mistake under the sun that a trader could ever make, be it tactics, TA, emotional, you name it!!
While many come to ET seeking the 'how to's ' of trading, I imagine that the mistakes of others are most often overlooked in the strong and urgent desire of finding the road to riches. Overlooking or ignoring such points would certainly hinder one's advancement, as everyone blunders here and there during the learning process. Unfortunately though, during the learning process one can't differentiate the right from the wrong. However, in addition to good advice and ideas expressed by knowledgeable and creditable posters here on ET, what not to do is also quite often mentioned in their posts. So I urge those who are learning, to take such advice just as seriously as the advice regarding that 'road to riches'. I would hope and imagine that the beginner could determine whose advice is worth following based on the writing itself and the seriousness of the poster.
So, just as any form of analysis can tell you what to do, just as importantly what not to do should be given equal consideration. And that can certainly be found in abundance, but while sometimes hidden, here on ET.
Perhaps someone should start a 'What not to do' thread. I would do so, but threads that I start never seem to get off the ground (like his one too!).
While many come to ET seeking the 'how to's ' of trading, I imagine that the mistakes of others are most often overlooked in the strong and urgent desire of finding the road to riches. Overlooking or ignoring such points would certainly hinder one's advancement, as everyone blunders here and there during the learning process. Unfortunately though, during the learning process one can't differentiate the right from the wrong. However, in addition to good advice and ideas expressed by knowledgeable and creditable posters here on ET, what not to do is also quite often mentioned in their posts. So I urge those who are learning, to take such advice just as seriously as the advice regarding that 'road to riches'. I would hope and imagine that the beginner could determine whose advice is worth following based on the writing itself and the seriousness of the poster.
So, just as any form of analysis can tell you what to do, just as importantly what not to do should be given equal consideration. And that can certainly be found in abundance, but while sometimes hidden, here on ET.
Perhaps someone should start a 'What not to do' thread. I would do so, but threads that I start never seem to get off the ground (like his one too!).
