Stocks traded AA Alcoa
Boise ID looking for mentor
- Thread starter Jeffare12
- Start date
I don't mean to be insulting, but what you ask for $200-500 a day, am guessing of course but believe at least 90% on this forum would give right nut or anything they value to consistently make anything each day or 4 of 5 days. There are some golden boys/girls who don't require 10,000 hours of screen time, but most do. One of the main problems of getting anyone to mentor you is you won't understand what they are saying as you can't identify the simple language cause you lack screen time. Plus, if you lack programming skills, most never make it for easier back testing, testing first risk management which is 98% of the trade and entries are 2%, that's right, most beginners will spend all their time on the getting in and hardly any time on managing, we all have been down this road, and often through losses, just about everything about trading is opposite of what we think. Most newbies lose not by having bad systems but they don't realize with small $5,000 accounts, they have to make 100-150% just to break even to cover fees.
Get charting help on net like Thomas Bulkowski http://thepatternsite.com/ and study away, then try to do when markets are open as it is much different one bar at a time. Bulkowski is a good chartist. After a year of putting in some time, come to the forum with questions. Takes most a good 3-4 years to get hang of day trading cause there is so much to remember.
I don't recommend any schools, traders trade and when you can' trade they teach. Read through posters journals so you can see how others have approached their endeavors.
Think in terms of being net profitable of $21 a day and eventually work it to 50 lot times 240 trading days, pretty decent money for 2 ticks a day of ES.
You have to put in the time if you want to be successful in trading. There is truly no shortcut to it.
If you're even lucky enough to meet a rare successful trader...why on earth would they spend some time with a random unknown mystery bozo like you (no offense).
If you want to be successful with trading...you have to be smart, alert, and open-minded, and well-rounded and inquisitive and hungry.
It's far from an overnight experience, or process. So I hope you are one patient and mature fellow for the long road ahead of you.
I wouldn't worry too much right now about your '$200-500/day' goal. The money will come,
Maybe even in leaps and bounds, if you're truly good. God willing, but that's a fairytale stretch right now.
Just focus right now on Predicting the Future. because that's what trading is. Predicting and/or managing the future. Think about that profound sentence or situation deeply everyday. If you treat the market like a random casino, then expect to get fuc*ed.
Whatever you trade, in what timeframe, ...consider all its potential triggering variables and pulsations,
Look at and approach the market like a War General, not a jester.
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Good luck to you then! My thing is trading foreign currency pairs so I wouldn't be able to help you out. (I stopped trading stocks in 2011.)
Thanks everyone for the advice . I know I shouldn't expect to become rich over night just wanna keep a clear mind and focus on the task . Would also be really nice to find some other like minded people in my area . So we can trade ideals and discuss strategies together. 2 brains is better than 1
Trading is for people who HAVE money (to lose). Not for people who NEED money. You sound like you need a stable income so go work somewhere.
Nope I have a good job .. ex military and a collage degree. Don't need it but that's why people trade for money
Okay your thinking too deep into this .. I said charts and patterns .. that's not going to teach me to make $500 a day . 100-200 bucks to learn candle sticks and how to browse a website with charts is not asking to much