community, teach me how to trade.

[Overnight]

Thank you. I'm glad I stayed with it and came out from the other end much stronger and wiser than when I first posted on this forum on June 18th 2009. What a 13 year journey it has been. I can't help but laugh at the experience and things I've seen in the markets.

I hope the young ones get the picture reference. If not watch the movie today.

So you have seen attack ships on fire off the shoulder of Orion, and watched C-beams glitter in the dark near the Tannhäuser Gate?

The question remains...Can you paint a perfect rooster in 5 minutes?

 

[Nobert]

The Artist: a Tale from Old China
June 15, 2016

There was once a king who loved the graceful curves of the rooster. He asked the court artist to paint a picture of a rooster for him. For one year he waited and still this order was not fulfilled. In a rage, he stomped into the studio and demanded to see the artist.

Quickly the artist brought out paper, paint, and brush. In five minutes a perfect picture of a rooster emerged from her skillful brush. The king turned purple with anger, saying, "If you can paint a perfect picture of a rooster in five minutes, why did you keep me waiting for over a year?"

"Come with me," begged the artist. She led the king to her storage room. Paper was piled from the floor to the ceiling. On every sheet was a painting of a rooster.

"Your Majesty," explained the artist,

"it took me more than one year to learn how to paint a perfect rooster in five minutes."

When the Pikaso drawed a small thing on a paper sheet, in public restourant, lady was about to walk away, when Pikaso :
,,Mam, that will be €2 Millions
-But it took you 2 mins to draw it ?!
-Yes. And thirty years to master"

Don't like his works tho.
Except the bull on the glass, was iconic.

 

[PeterNguyen]

A trader under no circumstance should ever lose too big on a single trade. That is one cardinal rule that will keep you around. The trader should always remember one trade is a statistical anomaly and he should just continue to plug away taking the best probability trades according to his system.

That is why trading should always have a risk/reward ratio to keep their trade in-check and know how much they can afford to lose per trade.

 

[easymon1]

5 minutes?

Here's Alice's attempt but it takes seven minutes...

 

[murray t turtle]

Well, I should have phrased that better. I'd like to learn to trade be it may day or swing so that I can do it full time, 5 days a week.

Thank you for your comments.

%%
START with longer time frames\ less bid \ask spread + slippage.
Budget helps+ skip the new cars; victory garden helps, lots of things help. Dont really need a victory garden but it tastes better /fresher.

 

[SunTrader]

That is why trading should always have a risk/reward ratio to keep their trade in-check and know how much they can afford to lose per trade.

R/R% does not tell a trader how much they can afford to lose per trade.

Account size and capital deployed on each trade(s) overall along with a judgement (using ATR/Beta/Price Action/etc) determines how much one can afford to potentially lose.

Price know nothing of someone's R/R and will go where it will. Market sure doesn't care so why should a trader?

 

[fishindamarket]

@ashantt how much money do you have to pay someone to teach you? i might know someone interested for the right price

 

[nooby_mcnoob]

I'm sure that if you had this advice when you first started you would have become successful much sooner.

I've read this advice 300 times online, I'm going to guess nope.

 

[deaddog]

I've read this advice 300 times online, I'm going to guess nope.

I don't know about that. It's very good advice. Very vague and non committal. I expected more specific information from someone who posted about his 13 year journey to success. But I guess he just wanted a pat on the back.