Think of yourself as a 10 month old baby, hardly able to walk on your own, let alone eat on your own. Speaking of which, do you know how babies learn how to walk? That's right, by trial and error, and plenty of falling on their ass. But is that such a bad thing? Do you ever see parents preventing their kids from walking out of concern that they might hurt themselves? No, never. So why do traders get all crazy over losses? It's all part of the learning process. Eventually you'll find your groove just as babies find their balance and walk on their own.
How can I improve my trading?
- Thread starter qwB
- Start date
Leverage is 100x...which you consider "not that high"?
Best I can find is a 50% margin/2x leverage.
Really? You will make a lot of money after following Wade? I knew you were gullible, but now I'm starting to believe you need some professional help.
no you will not lose .and that is saving a lot of money.Really? You will make a lot of money after following Wade? I knew you were gullible, but now I'm starting to believe you need some professional help.
it is for beginners or those who are losing.
Wade sometimes does not make scalp in a trading session.
that is ok for novices.
then the next step is to make trades and make losses.
the next step is to let profits run.
this is what happens in market:
1.market goes down there will be buy signal.
2.market goes up there will be sell signal.
3.market goes down and then another sell
4.market goes up and another buy signal.
your job as trader is to see and determine how valid these signals are.
or to put it another way buy and sell signals trigger all the time.
How valid are these and which do i take?
1.market goes down there will be buy signal.
2.market goes up there will be sell signal.
3.market goes down and then another sell
4.market goes up and another buy signal.
your job as trader is to see and determine how valid these signals are.
or to put it another way buy and sell signals trigger all the time.
How valid are these and which do i take?
.
qwB,
Most trading books I've read did not actually help me to become a better trader, but a few of them have stood out for their usefulness. I posted the list below a while ago and still believe it could be helpful to new traders.
"I have read many books. Some were good primarily because they were very interesting/ entertaining (e.g., Pit Bull, Winner Take All, Liar's Poker, Schwager's Market Wizard books, Confessions of a Street Addict, Running Money, Trend Following, Reminiscences of a Stock Operator, Evidence-Based Technical Analysis, Hedgehogging, Fooled By Randomness and several others).
There were only a few that I thought were extremely practical, so much so that I would recommend them to a new trader. The most immediately useful ones that I wish I had been able to read when I started out are probably Weissman's Trading Like a Casino, Elder's How I Trade For a Living, Chande's Beyond Technical Analysis (2nd ed.), Tharp's Trade Your Way to Financial Freedom, and possibly the psychology and performance-related books of Mark Douglas and Brett Steenbarger. I don't agree with everything written in these books, but I believe that they have a lot of good, practical advice that makes them among the best that I have seen."
you must choose your book according to your level of knowledge.
choosing books meant for college students when you are in school , will not help you. or choosing books meant for kindergarten when you are in college will be useless
