Quote from makosgu:
Thank you Grob109... I am going to listen to and acknowledge your solution to this barrier... Please inform.
Kindest Regards...
Equalizer wanted to find out something from you, so he asked you in two different ways to get to the heart of things. He wanted to simply know how it was for you while you were seeing the market unfold. Just waht your views were of that place and how you handle it.
He also made a suggestion about where you were operating and how it might be an unnecessary context.
NOW is where a person trades. Now is not an acronym it is a word in capital letters that means the present.
You are doing a bunch of different things whereby one of then gets your attention and then something else gets your attention.
It appears that you are assimilating a lot of pieces and you think you grasp each piece quickly with just a few reps (repitions of what you think is the same thing appearing over and over).
Car driving in a familiar set of roads without a watch and hearing very sharply no sounds at all which may be coming from out of site.
Lets go through a brief checklist of what you must have to make money trading.
1. A computer.
2. An account open
3. Money.
4. You and a place for the computer.
Okay.
a. Externally, you assemble other items for the purpose of making money.
b. Internally, you go about a process that is designed to give you knowledge, skills and experience.
Okay.
Put your self in the place of my aunt who died at 94 on my birthday when I was 40. (1963). Up to new years, 18 days before she died, she did as she pleased and ran her investments where her support system was costing midrange 5 digits per year. She wore sneakers and posted her accounts in ink.
I supported her desire to go live nearby in a home where she had assisted living. She lived 18 days in that manner at 94.
She had items 2, 3, and a and b. She got data from a newspaper and she traded well through her brokerage account and had a low six digit bank account on the side for running her budget.
She could tell equalizer in a New York minute what he wants to know.
Well, no, you can't at this point.
Making money is not an either or thing or a can't have it five ways thing either. It is a lot of concurrent things going on where their confluence is absolute realitv on all fronts.
We need to put your lego blocks in a few piles and determine how the piles work individually and collectively. An effort that can take a few days if you allow it to happen.
The YOU part first.
x. Knowledge
y. Skills
z. Experience.
The external stuff second.
A.. Real time data display.
B. Annotating capability
C. Trading stuff
Does this look like a list for driving a car? For you it does you told us.
Let us begin. You turn on your computer and stuff is hitting your senses and gong to your physical brain. You are already equipped with a lifetime experience and the stuff you are sensing is processed in a manner that your lifetime tells you to use to process it. Get books. Get milk. Turn off the computer.
I suggest that there is a road map that may be followed instead. The goal for traders is to make money and make it as rapidly as they are able to based upon their knowledge, skills and experience using real time data, annotating what is going on and trading their account(s) effectively.
You have to go through a PROCESS to get to a GOAL where the goal is to make money. So, do only what you have determined you are capable of doing.
The first stuff to do is the easy no risk stuff and only the easy no risk stuff. This is done with: A little knowledge, one or so skills, the least money possible that can be used and real time data that can be monitored and annotated properly.
The goal is to make all the money the market presents to you at all times it is open.
You now know that the brief bridge that must be built is a contruct called: PROCESSING. One end is anchored at a scratch place where you have no knowledge, no skills, no experience, and you do not have a data display, no annotating capability nor any trading stuff. These relate to x, y, z and A, B and C, respectively. The other end of the PROCESS bridge is located at sports memory trading the market seamlessly, continually and at the highest money velocity humanly possible.
Naturally, getting into PROCESSING, the unknown bridge is something that is done in the context of who you have become in your life. So that is just that.
