Educational Advice, Please

qxr1011 said:
nothing changed since 1929 :)

"The pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes." (c)
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LOL-change.
One or 2 changes for the good ; we now have IBD to compete with WSJ[investors business daily] + candle charts[IBD seems to prefer line + bar charts LOL]
 
murray t turtle said:
%%
LOL-change.
One or 2 changes for the good ; we now have IBD to compete with WSJ[investors business daily] + candle charts[IBD seems to prefer line + bar charts LOL]
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Actually, I think u confused the book I recommended about fundamental analysys with something else - there are no charts in my book...:)
 
qxr1011 said:
Actually, I think u confused the book I recommended about fundamental analysys with something else - there are no charts in my book...:)
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U probably meant technical analysys classics by Edwards and Magee...
 
qxr1011 said:
Actually, I think u confused the book I recommended about fundamental analysys with something else - there are no charts in my book...:)
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Sorry you got ripped off; dont think i have any IBD books or IBD newspapers without charts, most with 50 dma, or 200 dma........................................................
 
well i think we are not talking about IBD books, we are talking about books about fundamental analysis, right?

fundamental analysis does not recognize stock charting of technical analysis as anything valid at all

it's completely different approach, so no stock charting in books about fundamental analysis
 
IBD is a combined approach. They are not the only ones who do that. Fundamentals are more important for longer term trades. Technicals help with entry and exits.
 
I think of IBD as a technical approach, with some filters. They purchase stocks that fit certain technical patterns, but only if the market is cooperating and the stock has good fundamentals.
 
kmiklas said:
Dear All,

I've been trading full-time for a few months now, and I like it. I dove in with decades of tech experience, which is serving me well. I've been able to profit by carefully evaluating and picking tech winners; however, the minute I leave my happy little tech world, I get crushed.

The problem is that I don't have much formal education in the business, and find myself lost in many financial and economic discussions. What does a P/E ratio mean? How is the VIX linked to the S&P? What are swaps? How do futures work? What's the difference among stocks, bonds, and commodities? Why does everyone have a strong opinion about Forex? How is margin calculated? I have so many questions.

I really want to learn the fundamentals. Whether it's financial analysis, computer programming, or my tennis game, I appreciate fundamentals. I need to get smarter. Where do I start to learn the basics of this business?

Where's a good starting point to learn the fundamentals? My own ideas are:
1. Books. A friend recommended "Paul Wilmott Introduces Quantitative Finance." Any others?
2. YouTube. Search around and take what's there.
3. Lynda.com. They offer some online courses, and for $25 per month, the price is nice.
4. Formal (Classroom) education. I am fortunate enough to live near NYC, and have taken professional development courses there. Perhaps a course like this?
https://www.sps.nyu.edu/professional-pathways/courses/FINA1-CE9000-introduction-to-the-markets.html

Any "forward guidance" would be appreciated. :D

Thank you for your help.

Sincerely,
Keith
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lynda.com is for computer software and programming.
 
elliots11 said:
lynda.com is for computer software and programming.
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All those avenues offer information that will prove helpful once in a while. It's good foundational material. To become a profitable trader, you will be well-served to spend some time with someone who already knows how to trade profitably. This may be a bit hard to find. Teaching trading is not the same thing as doing it. Be wary. In order to become really good, you might want to deal with your internal demons, too. Good luck.
 
Steve Alexander said:
All those avenues offer information that will prove helpful once in a while. It's good foundational material. To become a profitable trader, you will be well-served to spend some time with someone who already knows how to trade profitably. This may be a bit hard to find. Teaching trading is not the same thing as doing it. Be wary. In order to become really good, you might want to deal with your internal demons, too. Good luck.
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@Steve Alexander I asked you to reply to a statement you made in relation to using autotrading for the ES, but you choose not to reply. Can you tell me why?
Here is my reply to you again, in case you can not remember.

@Steve Alexander a few questions if you don't mind.
  1. What programming language is your automated program written in?
  2. Do you use a standard HFT or Hedge Fund strategy or strategies?
  3. What is your average contract trade size?
  4. What is your average commission per contract including exchange fees?
  5. What is the average win/loss ratio per day/week/month?
  6. What is your max drawdown per day/week/month?
  7. Are you profitable every day/week/month?
 
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