I don't know anything

[omnpmh]

Quote from achilles28:

What is it with these newbs who expect to make bank in less than a year?!

1 year is nothing. Try 7-10 years.

Some get it in 2-5. I consider them lucky.

Keep going. Or give up. 20% a month is not hard. There's about 10 edges I filed away that do at least that. It's possible. That's all you need to know.

Great.

 

[ammo]

Quote from Technician:

I've been trading for over one year and the only thing I've learned is that I know absolutely nothing. Every time I think I've found some edge the market proves otherwise. I guess I'm posting this here and asking for ideas because I've run out of fresh things to try.

I started off with a jejune trend following "method", if I can even call it that, switched to reversals, went back to trend following but with more complicated "rules." I'm still convinced that the essential question is whether people are buying or selling or both or neither, or if there are conditions in which you can be reasonably believe people will buy or sell.

and here, no matter how many hours of sleep I lose, I remain stuck.

the smartest thing you said was "i know nothing"no matter how advanced you become in any field, this statemnt will allow you to progress, not saying holy grail here, but look at hand charting the market profile, its simple, limited number of pictures u can draw and by hand charting it forces you to participate without an opinion, overemphasis on the hand charting, you will learn more by osmossis in 6 months than you will in 5 years thru hard study,heres the basics, just take enough to learn how to hand chart, go from there, the same way steidlmeyer learned it, the rest is hoopla......http://www.trading-naked.com/library/Steidlmeyer Intro to Market Profile.pdf