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Graduate Trader Advice
- Thread starter Harty
- Start date
Yeah Harty, my suggestion is to follow your entry and exit points like your balls follow your dick. Easier said then done. If you can do this, like a robot, you will do fine. If you miss your entry just ONE time because "you thought" you will be heading to a road that you wished you never took, because it will happen again and again.
Cheers Compulsive, I'll have a look into it.
Ray, I agree, hope I'm not sounding like a twat, just wanted to turn up knowing something. Obviously I'm going to do exactly what they tell me too, but wanted a bit of experience as some people have done internships, I haven't.
Cheers for all the advice guys, if anyone does have any technical books they recommend I'd really appreicate it, and also any simulating software ?
Ray, I agree, hope I'm not sounding like a twat, just wanted to turn up knowing something. Obviously I'm going to do exactly what they tell me too, but wanted a bit of experience as some people have done internships, I haven't.
Cheers for all the advice guys, if anyone does have any technical books they recommend I'd really appreicate it, and also any simulating software ?
Quote from Harty:
Well my plan was to set out a strategy and continue to apply it, whatever the results for a set period of time, to try and remove all emotion out of it. Especially when I get in on a trend, rather than liquidating early on to take quick profits.
I'm planning on using a 23EMA and 30 EMA, using these to determine buy signals when closing price is above these for 2 consecutive days, then not selling until closing price drops below for 2 consecutive days. So it gets me into the trend.
Just wanted some more stuff on technical analysis mainly, or are the ones ive looked at already pretty much it ?
What IB gave you this job? I'm applying for CEO.
Rzepe, I only graduated recently from Cambridge University. It's not about how good a Trader you are today, it's about how much potential you have and whether you will use the opportunity to reach that potential. There are hundreds of thousands of people out there with more trading knowledge than me, though I don't believe they all have more potential than myself.
Anyways pal, I'm sure you weren't born with the knowledge you now have. Not on here to give banter out anyway, just wanted some books on technical analysis or anything else that oculd be of use to me.
Anyways pal, I'm sure you weren't born with the knowledge you now have. Not on here to give banter out anyway, just wanted some books on technical analysis or anything else that oculd be of use to me.
Harty
I'm not saying you are not capable of becoming a good trader. I am saying that the place you are going to gave you very little direction as to what you will be doing in terms of strategy. My advice would be to seek a good mentor and pick the brain of that person. Like others posted you will need screen time to evaluate your trading and your personality. If you go in there throwing around technical terms to a guy who built the metals divisions blackbox system using 23 ma and 30ma he's going to make you look silly when he's done. It's the nature of the beast. Start off by listening. Good luck!
I'm not saying you are not capable of becoming a good trader. I am saying that the place you are going to gave you very little direction as to what you will be doing in terms of strategy. My advice would be to seek a good mentor and pick the brain of that person. Like others posted you will need screen time to evaluate your trading and your personality. If you go in there throwing around technical terms to a guy who built the metals divisions blackbox system using 23 ma and 30ma he's going to make you look silly when he's done. It's the nature of the beast. Start off by listening. Good luck!