Mentor

[jonbrowusmc]

Thank you!

 

[O(1)]

http://quantocracy.com/

Interesting. Thanks

 

[digitalnomad]

Maybe a more interesting thing to do for you would be to write code that relates to trading (e.g. daily trading systems etc) for fun rather than with the idea of trading a capital base, and in 1 or 2 years time see where you're at.

This is excellent advice. Also, if programming proficiency creates any roadblocks, consider hiring a coder experienced with trading software. It will speed up the process. Good luck

 

[cvds16]

It took me 10 years to somewhat starting to see the light and even nowadays I make stupid mistakes at times, but at least I take my loss and get out. Emotions are a hard thing to control and can cloud your vision of charts and other subjective info, so you better have hard stops and places where you want to get out in check. Get as systematic as possible, although I doubt that what I do could be programmed.

 

[Robert Morse]

Automating a trading strategy requires you to have one. I'd suggest sticking with the learning process and then develop a strategy that works for you.

 

[usrx201]

A great place to start to see the massive chicanery in the retail trading education world is tradingschools.org

 

[jonbrowusmc]

Thanks usrx201 I'll check out that website today!

 

[Vindago]

Now I'll say something that will likely surprise you but while 99% of the traders will tell you that you need to keep your losers small and let the winner run, I have become consistently profitable doing just the opposite: take small profit often (95% of the time) and sometimes take a bigger loss (1-2% of the time), sound crazy, eh?

 

[Windlesham1]

We are all different- but every great trader had a mentor-though you have to think somebody was not mentored when it all started back in the 16th century. I part run a UK website for options traders-and we are looking for people to mentor,for free, for life. Can we find anyone? Lazy fat ass Brits want it on a plate. However our win rate with options is about 80%. http://optionsinvesting.co.uk/really-grinds-gears/

 

[Steve Alexander]

Hey Everyone! I'm not sure if this is the correct place to post this so I'm sorry if this is the wrong place. I did read that I should look at other places to make sure but I couldn't find anything that relates to this topic. However, I've been doing a lot research and studying on swing trading. I'm a 24 y/o former Marine and once I got out of the Corps I went straight to college for computer engineering. I now have a full time job building anti money laundering software for banks and I figured that swing trading would be the best place for me to start because I can work around a full time job unlike day trading. Eventually I want to quit my job and become a full time trader but I want to build enough capital to feel comfortable enough to do so. Like I said I've been studying, reading books, and looking up online tutorials about swing trading but I would like to get a mentor or someone who can guide me in the right direction. I'm not here looking to get rich quick as I understand that trading takes a lot of practice and patience. Currently I've been using Fidelity Active Trader Pro application and it looks great but I still have trouble reading charts and knowing how to set things up. I want to keep learning before I jump right into buying and selling. I want to minimize my risk as much as possible before I start trading. If you guys have any advice on books, software, or maybe you're very kind and would like to take time out of your day to help me out personally that would be much much appreciated! I'm looking forward to start my trading days!

You're on the right track - open minded, willing worker, realistic. With a good mentor, you have a chance.