Need your help in Education

[MAESTRO]

Quote from Lornz:

I think it would be natural to get a solid understanding of the mechanics of the market place:
http://www.amazon.com/gp/product/04...17145&creative=399373&creativeASIN=0470137711

There is also a lot of information available for free at the exchange's website:
http://www.cmegroup.com/education/index.html

At leas dissuade him from paying thousands to worthless "educators"...

That's great! Thank you!

 

[zdreg]

Quote from Argent:

Round numbers, fibs, dows, swing highs, swing lows, yesterday's HLC for simple. The more esoteric shit, and there is plenty, you'll have to find yourself.

s & r on an index future have undoubtedly specific meanings. cut to the chase sir.

I guess the rest of the hoi polloi on this thread don't know either.


actually you gave your best advice which is to go out and indulge in electronic pachinko.

 

[bwolinsky]

Quote from bwolinsky:

I'll save you the trouble. Send ProfLogic a message. He can teach anybody to trade with a little programming knowledge.

To the OP: <b>DO NOT IGNORE THIS MESSAGE. IT IS THE ONLY ONE IN THIS ENTIRE THREAD THAT WILL HELP YOU.</b>

 

[SnakeEYE]

Quote from MAESTRO:

I tried to talk him out of it, however, he wants to try! I need to help him not to get hurt too much!

you been trading since 1992,eh?

 

[SnakeEYE]

Quote from Argent:

Take him out to play electronic Pachinko at an arcade. Then show him how the market is the same.

Al Pachinko would be much better

 

[oraclewizard77]

Trading is like playing poker. You get for example an ACE and King. You know that is a good hand, so you bet or call. An Ace comes on the turn, so you bet or call since your hand improved. We are not talking about bluffing since you as a retail trader don't have enough money to bluff the market.

Trading is the same, but you need to recognize what is a good hand. This can be very hard since it's counter intuitive sometimes and is the opposite of investing. In investing you want to buy low and sell high. This has nothing to do with trading.

Once you find an edge, which is the ability to recognize a profitiable setup, you place trade.

The goal like Poker is to not go on tilt if you lose money on the trade.

 

[Spike Trader]

Quote from zdreg:

s & r on an index future have undoubtedly specific meanings. cut to the chase sir.

I guess the rest of the hoi polloi on this thread don't know either.


actually you gave your best advice which is to go out and indulge in electronic pachinko.

S & R ......support and resistance.

 

[zdreg]

Quote from Spiker:

S & R ......support and resistance.

thanks.
in a similar context r stood for the risk free rate of return.
___
argent- u know what u can do with your silver.