I lost my job approximately two years ago. It was never a dream job but none the less it provided a nice income for me and my family. During those twenty five years in distribution I always aspired to be a successful day trader. The first part of retirement on a mediocre income was spent riding my new Harley, traveling, taking care of some projects and a little R & R. As the newness wore off of my new found freedom I began to think more and more about my life long passion of being a trader.
Six months ago I leaped into the markets having read many books thinking I was prepared to work a few hours and day and secure a handsome reward. Little did I know or understand that there are sharks, ready and prepared to take advantage of a newbie like me. Having lost 25k in six months, 10k in one single trading day I realized how little prepared I was for such a venture. There I was beaten, demoralized, humiliated and very angry with myself. It's enough to make a grown man cry!
Since that time I have recognized the need for more professional education. I have read many great books, forum articles and previewed Pristine's and The Trading Authority's materials on mastering the market. Oh yes, they make promises that if you follow their system you'll be successful however there is no independent materials to review quantifying their actual proclaimed abilities.
Quite frankly, I'm stuck! Afraid to pull the trigger on new trades or invest in expensive course materials without knowing for sure that I am on the correct path. Understanding educational resources are a multi billion dollar per year industry, are there really any out there who have my interest at heart. Is it really possible to make a comfortable living in day trading? Who can assist me or guide me to the help I so desperately need? Which course should I take? Are some people just not cut out for this business or if my intuition is correct have I just not secured to proper education? I like to trade primarily emini's. Have I now paid my tuition to the markets or am I beating my head against the wall for nothing?
I probably have thirty investing in the market books. As I reflect back upon those books I've realized how similar most of them are and consistently say basically the same thing. If you use this indicator with this you'll be successful. Do the authors of these books really secure income from trading or from writing books? Upon exploring the web for information I found subject matter that was never even mentioned in these books such as price being the leading indicator, support and resistance, pivot points, tick and trin indicators, importance of prior day open/close in emini's etc... So now as I explore everything new I can find I wonder if I am missing anything else.
My wife and I are in our upper fifties and she will lose her job in twelve months. We reside in Indianapolis Indiana. We will need additional income if she were to retire or drastically change our life style. I still have some capitol to work with and enthusiastically desire to reach my goal of being a successful profitable trader. I have successfully accomplished every goal I have ever aspired too in my life. Can you recommend an educational resources that would prove beneficial for me or possibly forward this to someone who can assist me? Any words of wisdom pertaining to any subject matter contained herein would be greatly appreciated.
Metoo, humbled!
Six months ago I leaped into the markets having read many books thinking I was prepared to work a few hours and day and secure a handsome reward. Little did I know or understand that there are sharks, ready and prepared to take advantage of a newbie like me. Having lost 25k in six months, 10k in one single trading day I realized how little prepared I was for such a venture. There I was beaten, demoralized, humiliated and very angry with myself. It's enough to make a grown man cry!
Since that time I have recognized the need for more professional education. I have read many great books, forum articles and previewed Pristine's and The Trading Authority's materials on mastering the market. Oh yes, they make promises that if you follow their system you'll be successful however there is no independent materials to review quantifying their actual proclaimed abilities.
Quite frankly, I'm stuck! Afraid to pull the trigger on new trades or invest in expensive course materials without knowing for sure that I am on the correct path. Understanding educational resources are a multi billion dollar per year industry, are there really any out there who have my interest at heart. Is it really possible to make a comfortable living in day trading? Who can assist me or guide me to the help I so desperately need? Which course should I take? Are some people just not cut out for this business or if my intuition is correct have I just not secured to proper education? I like to trade primarily emini's. Have I now paid my tuition to the markets or am I beating my head against the wall for nothing?
I probably have thirty investing in the market books. As I reflect back upon those books I've realized how similar most of them are and consistently say basically the same thing. If you use this indicator with this you'll be successful. Do the authors of these books really secure income from trading or from writing books? Upon exploring the web for information I found subject matter that was never even mentioned in these books such as price being the leading indicator, support and resistance, pivot points, tick and trin indicators, importance of prior day open/close in emini's etc... So now as I explore everything new I can find I wonder if I am missing anything else.
My wife and I are in our upper fifties and she will lose her job in twelve months. We reside in Indianapolis Indiana. We will need additional income if she were to retire or drastically change our life style. I still have some capitol to work with and enthusiastically desire to reach my goal of being a successful profitable trader. I have successfully accomplished every goal I have ever aspired too in my life. Can you recommend an educational resources that would prove beneficial for me or possibly forward this to someone who can assist me? Any words of wisdom pertaining to any subject matter contained herein would be greatly appreciated.
Metoo, humbled!
