Finally my father has agreed to teach me more about trading. He is not too sure about it, and I am not sure it is for me either, but we will give it a try. In the last few months I got more interested in trading and I have read a few books and I have been lurking here too.
He is going to let me trade one of his accounts. Just 1 futures contract at a time. He explained the strategy in about 2 minutes and he said, if I can't make money with such a simple plan, I shouldn't waste my time with the more complex strategies.
So I figured I will start this journal here and report my progress. He said I can post trades, but I can't go into details, for obvious reasons. My only problem is that the whole thing seems to me too simple. He basicly described the strategy in 10 sentences. He says trading is more about psychology than strategy, and he must know...
Also, it kind of looks boring. Max. 3 trades a day? What am I going to do all day? I guess there is always Myspace...
So wish me luck and see you next week!
He is going to let me trade one of his accounts. Just 1 futures contract at a time. He explained the strategy in about 2 minutes and he said, if I can't make money with such a simple plan, I shouldn't waste my time with the more complex strategies.
So I figured I will start this journal here and report my progress. He said I can post trades, but I can't go into details, for obvious reasons. My only problem is that the whole thing seems to me too simple. He basicly described the strategy in 10 sentences. He says trading is more about psychology than strategy, and he must know...
Also, it kind of looks boring. Max. 3 trades a day? What am I going to do all day? I guess there is always Myspace...
So wish me luck and see you next week!
)