How can I gain 50 years trading experience?
- Thread starter ppwall
- Start date
Quote from bat1:
nice free software
Thanks
Make sure you downlaod to a PC you do not use for anything else. Information about this domain onwers is protected and the only contact is a gmail email address which cannot be traced. AFAIAK, this software can open a port and transfer private information without being detected. Be alert. Why would anyone want to educate you with a free program that took time and money to develop unless they made something out of it? I am not saying this is the case with this software but as a general rule.
I am the developer that wrote http://www.turtrades.com This is my software that I created for my personal use. I wrote it to prove to myself if TA works or not. I figured that since I already have it written I made it available to others. If I can find enough time someday I might clean it up and try to sell it but for now it is free. Software DOES NOT collect any personal information. It needs access to the web to be functional (it gets info from Yahoo and Bigchrts). Also I wanted to see what would become of it sort of experiment in software development and marketing.
You can open a practice account at http://vse.marketwatch.com/Game/Homepage.aspx nice thing about this site is that you are trading against other so it has some of the psychological aspects similar to trading with real money.
I hope you enjoy turtrades.
Good luck
Pairs: 200 word pages of code
Jack Hershey:50 word pages of code
The Holy Grail: 600 pages of code.
So start writing some programs, and you'll jump forward in your trading several years and you'll get to profitable trading faster.
It's such an odd question, "How can I gain 50 years trading experience?"
Hire 5 traders, each with ten years of trading experience.
Or,
Live 50 more years....while trading.
Jack Hershey:50 word pages of code
The Holy Grail: 600 pages of code.
So start writing some programs, and you'll jump forward in your trading several years and you'll get to profitable trading faster.
It's such an odd question, "How can I gain 50 years trading experience?"
Hire 5 traders, each with ten years of trading experience.
Or,
Live 50 more years....while trading.
Quote from ppwall:
Hi, all!
I spent 2 years learning trading futures, and lost 1/3 of my capital in less than 3 months.
That's not a good start.
The problem is I don't have enough experience, even I have read lots of books. Well, I am still young, 29, but it does not make sense if I can make a profit after 50 years struggling, too old to be successful...
How can I obtain that 50 years experience, which I believe will be more help than reading more books, any body knows?
it dont require 50 years, they say 10,000 hours is what you need to become a 'master' in most skilled areas.
Thats between 3 and 5 years depending on how many hours you put in.
Just becoming net profitable at trading can be done before that time,but to be hugely profitable will take at least that long.
Thanks for your kindly reply, Harry!
I now understand trading is a not a journey to seek powerful weapons, but to train myself to obtain any skills that is necessary. It takes much longer time, more money, more efforts than I initially expected, but that did not stop me.
As a lucky beginner, I did made some profits following the instructions of "Trade As A Living". Then I begin to doubt the effectiveness and tried to develop my own trading methods. Hoo...
It was a disaster. If I was content with 5% per week growth, I am already rich after two years trading. But I was seeking more aggressive way. Losses were heavy with my ignorance, blindness and overwhelming passion.
Now, after 3 months since I start this post, my trading performance are improving. Well, I developed two software, one is for Short Term Trading, which relies on 1 MIN, 3MIN, 5MIN, 10MIN, 30 MIN graphs, and another is for Scalping, which has no graph but only Prices and Volumes digits displaying on a square of screen no larger than a iPhone.
They are helpful to verify the skills I have learned from books, forums, my own mistakes. But what really helps me to make real money is the commitment to live market. When I stick all days, I learn fast, and sense fast, the price movements are no more curves and sticks, but becomes meaningful to represent the contrast strength of both sides.
By this way, I am not only understanding the markets, but also trying to be dancing with it. When I had a strong sense "oh, I can't miss this point", an order will be made. In this way, I can place 1 to 3 orders each day, comparing 6 to 8 orders per days several months earlier.
The performance are not thrilling, but good enough if I can stick as long as I can. 4% to 5% per week.
************************
Harry, your words reveals the secrets of trading.
Any tool, like books, courses, advice of consultants, would be helpful and they can teach you knowledge. But what makes you rich long enough is commitment to trade. As a newbie, we have to prepare enough time, money, readiness of accepting setbacks. These efforts will not only give us knowledge, but also experience, verified skills and confidence to play.
I might have also walked the Hard Way. Thanks to God for leading me out.
Contact me if you can. I am all ears to your advice. Also, any one who read this, can require the software I developed.
I now understand trading is a not a journey to seek powerful weapons, but to train myself to obtain any skills that is necessary. It takes much longer time, more money, more efforts than I initially expected, but that did not stop me.
As a lucky beginner, I did made some profits following the instructions of "Trade As A Living". Then I begin to doubt the effectiveness and tried to develop my own trading methods. Hoo...
It was a disaster. If I was content with 5% per week growth, I am already rich after two years trading. But I was seeking more aggressive way. Losses were heavy with my ignorance, blindness and overwhelming passion.
Now, after 3 months since I start this post, my trading performance are improving. Well, I developed two software, one is for Short Term Trading, which relies on 1 MIN, 3MIN, 5MIN, 10MIN, 30 MIN graphs, and another is for Scalping, which has no graph but only Prices and Volumes digits displaying on a square of screen no larger than a iPhone.
They are helpful to verify the skills I have learned from books, forums, my own mistakes. But what really helps me to make real money is the commitment to live market. When I stick all days, I learn fast, and sense fast, the price movements are no more curves and sticks, but becomes meaningful to represent the contrast strength of both sides.
By this way, I am not only understanding the markets, but also trying to be dancing with it. When I had a strong sense "oh, I can't miss this point", an order will be made. In this way, I can place 1 to 3 orders each day, comparing 6 to 8 orders per days several months earlier.
The performance are not thrilling, but good enough if I can stick as long as I can. 4% to 5% per week.
************************
Harry, your words reveals the secrets of trading.
Any tool, like books, courses, advice of consultants, would be helpful and they can teach you knowledge. But what makes you rich long enough is commitment to trade. As a newbie, we have to prepare enough time, money, readiness of accepting setbacks. These efforts will not only give us knowledge, but also experience, verified skills and confidence to play.
I might have also walked the Hard Way. Thanks to God for leading me out.
Contact me if you can. I am all ears to your advice. Also, any one who read this, can require the software I developed.