No...., because
Someone else's trading method is just that - someone else's
By taking someone else's - you're automatically starting off - limiting yourself to their limitations (biases..., fears..., knowledge (or lack thereof)..., beliefs - basically their internal filters)
Alternative..., take bits and pieces from various sources - then piecemeal together one for yourself
Just keep it simple..., straightforward..., conscise
Best way to tackle this..., is to sit in front of a live chart and watch - it will start revealing itself and making sense
This won't consistently occur until you transform your mind into one of a trader's
Viable methods are a dime a dozen
A trader's mindset
1.) takes work..., and a great willingness to change one's self..., to their very core
2.) once ya got it..., I hesitate saying everything else becomes inconsequential..., but it does diminish in significance considerably
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Need to learn to read PA (like sheet music - it has a language all its own)
Need to create an A&M outlining everything A to Z (keep it simple.., yet precise and concise)
Need to build a trader's mindset
Need to create a plan for each trade - then follow each trade's plan to fruition..., without a smidgen of deviation
First two are easy..., third is a bitch (to the extent you make it)..., all are absolutely necessary
Try to circumvent / short circuit even one - you won't make it (and likely will start going around touting how trading successfully cannot be done)
Trading successfully is not hard..., but does take a very specialized set of mental skills..., that are completely contra to the mental skills it takes to succeed in the normal world
And when I say completely contra - it no exaggeration
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You're Very Welcome
Successful Journey Sir
RN
Quality response right there, I agree with everything you said...and it seems a lot of members are emphasizing the importance of studying PA and charts live....before even going into sim trading and especially before going into real trading.
I actually have one more question for you, and it might be kind of dumb...
what do you mean by A&M outline? Just basically everything I know about trading put into some sort of notes? Because I have been working on that, I have a nice little resource i made for that, but it lacks a lot of technical information, which I need to start gathering.
Thanks
