Easy on the confidence there cowboy. That's the mentality leads to an over-leveraged trade because you "know" what is going to happen next. Say goodbye to your account shortly thereafter! Just do your best to stay humble and constantly remind yourself that you NEVER know what will happen next, no matter how sound your strategy may seem.
Am I doing something wrong? Making money can't be this easy...
- Thread starter tycoonman
- Start date
Easy on the confidence there cowboy. That's the mentality leads to an over-leveraged trade because you "know" what is going to happen next. Say goodbye to your account shortly thereafter! Just do your best to stay humble and constantly remind yourself that you NEVER know what will happen next, no matter how sound your strategy may seem.
Comparing simulated trading with the real thing is not realistic. Two very different animals.
At the same time, it's widely adviced not to do cash trading until you are consistently profitable in the simulator so it's really like a catch-22.
Good luck to you.
Crazy A
At the same time, it's widely adviced not to do cash trading until you are consistently profitable in the simulator so it's really like a catch-22.
Good luck to you.
Crazy A
tycoonman, you said that you are trading trends.
So why did you sold 1333 if there were higher highs and higher lows all the road before ? -)
So why did you sold 1333 if there were higher highs and higher lows all the road before ? -)
Nice call!
Algebra exam?? You said you graduated with a degree in finance last year:
"Where should a novice trader start?
I graduated with a degree in finance recently, and want to trade. Moreover, I want to make it my profession.
How should i build a good fundamental understanding of everything i need to know? Should I take a class? Should I read a book? If so, which one?
I feel really lost. I literally just bought highpowered trading for dummies, no joke lol."
http://www.elitetrader.com/vb/showthread.php?s=&postid=2816099#post2816099
"Where should a novice trader start?
I graduated with a degree in finance recently, and want to trade. Moreover, I want to make it my profession.
How should i build a good fundamental understanding of everything i need to know? Should I take a class? Should I read a book? If so, which one?
I feel really lost. I literally just bought highpowered trading for dummies, no joke lol."
http://www.elitetrader.com/vb/showthread.php?s=&postid=2816099#post2816099
