I want to trade futures... oh and I'm 17

[trendlover]

Quote from jack hershey:

At some point you will need to differentiate between investing and trading. Give it a try someday.

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At some point you need to see the trading is investing. The time of the investment of the trades is the differential.

 

[trendlover]

Quote from Matasulous:


Day trading and technical analysis seems as if it would be something I see myself doing for the next 10 years, and then I would trade something else, or not.
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Jack Hershey say trading and investing is different. Is it different?

 

[bathrobe]

-I think you need to be at least 23 to trade futures.

-Forums are absurd. I read on this forum every time I log on that I can't do what I am doing day in and day out, because someone who failed thinks if they can't no one can.

-There is no wrong way to trade

-There is nothing more important than watching your R:R

 

[trendlover]

Quote from bathrobe:


-There is nothing more important than watching your R:R [/B]

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Risk to reward is R:R in your post? If you are saying that than I agree very much to with your post.

 

[oraclewizard77]

I would strongly advise against your trading. The problem is only 10% succeed after many years. And if you spend 3 years and find out that this was not for you, then you may not have a fall back plan.

Most youtube videos are fake, they only show wining trades, not the losing trades.

If you are smart, I would advise college or some other type of education that will allow you to be hired. Then later in life after you have saved up some money, you could try trading during your free time, or take some time off to do it.

Quote from Matasulous:

First, I know this isn't the best place for this post, but I'm not sure where I should have posted this anyway...

Alright, I'm 17 (I turn 18 on July 6th) and I decided I want to trade futures (maybe stocks when I have more capital). I'm learning everything I can about it, but most videos/text explanations use jargon they don't explain. Day trading and technical analysis seems as if it would be something I see myself doing for the next 10 years, and then I would trade something else, or not. From five minutes of research I've noticed that people can go full time in five years or less. I'm in 11th grade and will most likely graduate this year, then do a gap year in Russia. After that I would probably go to college there... The gap year (replacing senior year) would give me a lot of time to practice.

Right now my plan is: study, sim trade, then trade with real money... However as I've said the jargon is more extensive than "buying short/long" and some people say things like "don't read books about trading, they aren't written by people who trade in the markets everyday" and that seminars are by people who are "professional teachers" not traders (if they do a lot of seminars). I'm confused as to what material I should look into... I'm watching YouTube videos (haha I know) and reading stuff online. Where do I start?

 

[Rorschach_test]

Quote from jack hershey:

So reasoning is not your bag. that's okay.

If a variable is being examined, data points are collected.

If the system of collection is poor then nothing is accomplished.

Often uniform time lapses are used to collect data.

To trade stocks, I made a chart that contains uniform time lapses (30 minutes). A whole system emerges and I placed it on one page.


You may be using market data to trade.

Volume is compared to volume.

I have always done this.

About 15 years after I started, in the 70's RDBMS came into being. The reason was that it was very useful for solving problems.

as you compare volume to volume, you will develop a vocabulary to describe the OOE of volume as trends occur.

thank you for being an example.

If you get past the stumbling block of not being able to compare volume to volume, then you will be able to understand Keynes a little bit.

"complete" and "in-kind" will also be stumbling blocks.

The dependent variable requires knowledge of what "continuing" and "change" mean in methematics.

At some point what I suggest becomes a "rabbit hole". This subjunctive terminology comes from a lack of ability to handle definitions, relationships and operating systems.

Names are used to provide a handle which to attach definitions.

This all snowballs into a very difficult reading experience for a person who cannot work.

what is ''complete'' and ''in-kind''?

 

[Rorschach_test]

Jack,if you were asked how the market works,how would you reply?

 

[Tonkadad]

Quote from Gringo:

Matasulous,


You need to observe price yourself and come to your own conclusions. This literally means start looking at price and how it behaves, and how it it turns and all the variations in between. Those with no prior knowledge have an extremely high chance of getting it figured out quickly if they don't get lost.


Gringo

Excellent, Gringo.

As said above, watch price (pick a stock) real time for 2 weeks, observe, take notes, don't worry about the labels/names of what you are looking at, (uptrend/downtrend support/resistance, trend/chop, etc...) just watch, see what you see.

 

[just21]

trade bitcoin 24/7, in fact it seems to be more volatile on the weekend. No age restrictions.

 

[jack hershey]

Quote from Rorschach_test:

what is ''complete'' and ''in-kind''?

Complete is paradigms keynes refers to as complete Hypothesis set. A la all the bases have to be covered by using as many hypotesis as required.

In markets there are two.

In-kind is an expression about the shape and content of a hypothesis.

The two market hypothesis are IF .... Then .......

the IF parts each eal with volume the independent variable.

the THEN parts both deal with price, the dependent variable.

As a result the market paradigm has a Parametric Measure (PM)

Potential traders MUST go through a thinking process. Thinking is a work modus. writing questions for someone to answer for you is just avoiding work and not furthering your mind building to become a successful trader.

Let me write out the complete paradigm for you. If you wish you can now check it for completeness and if the hypothesis are in-kind.

If volume is increasing, then the price trend is continuing.

If volume is decreasing, then the price trend is changing.

Many ask about a hypothesis that could be:

IF volume is steady (not increasing or decreasing), then the price trend is ___________. think up a word to put in this space. there isn't one and this cease is trivial, in fact, since all cases are already covered.

The Pme is a vector (look up vector in a place superior to Wikipedia which serves the uneducated.