Best Advice You Could Give A Beginner?

[padutrader]

the most dangerous enemy is self doubt.

you must believe that you can understand the market.

that the market moves rationally and not because of emotion or randomness.

you must believe that there is a secret sauce and that you can find it you search correctly and long enough.

i never lost that belief, even after i lost 12 years, more than 100000 usd and also every ones' faith in me.

i never lost faith even though all traders in ET said there was no secret sauce and that i was a troll and an idiot.

i never lost faith in myself.

and now i know i was right in not doing so.

then you will see the treasure that you have always craved

 

[Howard]

- The best advice would be to give up.

- The second best advice is this:

Those who know something worthwhile does not usually share it while those who don't know anything worthwhile beyond general platitudes dispense their advice freely. What this means is that any mentoring or advice you will receive is likely from someone who's not yet successful themselves.

If, despite all this, you decide to give it a go...

Set yourself up for 3-5 years of dedicated studies before you start to actually trade. You should really know what you're doing before you start risking money. Learn the market as it is and don't trust anyone or anything you haven't tested and verified for yourself.

 

[ironchef]

Quoted that many a time, damn good advice to live by.

We can presume Ironchef is female or male and into males.

And woman rarely have to pay for anything I find, men will hand over the cash for a chance of seeing boobies!!

You all should read @kteira's profile before you posted.

 

[ironchef]

i never lost that belief, even after i lost 12 years, more than 100000 usd and also every ones' faith in me.

Sorry to correct you. Before, you said you lost $300,000 USD, not $100,000.

 

[vanzandt]

One post and we get 4 pages of response.

"Best Advice You Could Give A Beginner?"

...........use ET's search function
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EDIT:
237 threads have "BEGINNER" in the title alone.
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Showing results 1 to 20 of 237
Search Results for Query: beginner

Best Advice You Could Give A Beginner?

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[padutrader]

the trend is your friend.

look for a friend....you will find many...….you will get confused.....just pick one ….stay with him till he gets jittery and behaves erratic....leave him find another

you will find many trends ..some will be 2 bars long, some 5 some 15, some 20 some 100 some 400....pick one and stay till they behave erratic….then leave.
this the simplest …...do not read books they will take you to a place called Wonderland where a girl called Alice was lost forever...….you will be too

 

[Turveyd]

You all should read @kteira's profile before you posted.

Female, London, pull mode activated LOL

 

[padutrader]

$100,000.

I lost more than 100000, maybe 300000, I stopped counting after 100000,

just like I stopped counting after 1000 books.

but this thread is not about my demise.
this thread is about the best advice I can give to a beginner.

that advice does not change even for an experienced trader.

get in a trend,whether it's 4 bars long or 50 or 20000

get out, when it ends or weakens .

do this thing.

it may not be simple but do it...….you will see yourself dancing to the bank all the time

 

[Scataphagos]

What is Price TA ? is it same as TA ?

The notion of TA includes much more (in this case, "more" is not better) than Price TA... like volume and complex patterns.

KISS, as always.

 

[notagain]

ERTrend indicator on TOS on 5 minute NQ chart, set on auto long, short always in market
It's not great, but helps you see when momentum could continue.