Newbie trader's biggest challenges

Quote from Brighton:

I am conducting some market research also. How does someone join a site like this NINE YEARS ago, post only four times, and keep track of a user name and/or password for that long?

:)
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Maybe he had ET minimized on his task bar for the last 9 years. :D
 
Quote from Brighton:

I am conducting some market research also. How does someone join a site like this NINE YEARS ago, post only four times, and keep track of a user name and/or password for that long?

:)
More...


Funny stuff.
 
Quote from rahulprakash:

Hello All,

I am doing some market research to find out common problems people face when they first start trading.

So what was (or is) the biggest problem you faced as a newbie trader and what would have solved the problem for you?

For me, biggest problem was to figure out what to focus my learning on...there was just so much around - instruments...timeframes...styles etc. Would have helped if someone could have guided in a progression..

Any help is much appreciated.

Thanks,
Rahul
More...

Research? What is that?

Is that searching again?
 
Quote from rahulprakash:

Hello All,

I am doing some market research to find out common problems people face when they first start trading.

So what was (or is) the biggest problem you faced as a newbie trader and what would have solved the problem for you?

For me, biggest problem was to figure out what to focus my learning on...there was just so much around - instruments...timeframes...styles etc. Would have helped if someone could have guided in a progression..

Any help is much appreciated.

Thanks,
Rahul
More...

Learning what doesn't work or your ability to understand for right now, as time passes you can make almost anything work. Life evolves around Money Management, put 90% of your time into what to do after you are in the trade. Save a ton of time and don't have to re-invent the wheel, traders can do very well by tailcoating what others do. Learn Price Action first and only then can add moving ave, all the indicators one really needs. The big money is made using weekly charts in stocks or futures for me, less time to watch, less commissions and slippage, gain from gaps and sustained trends.
 
Quote from Brighton:

I am conducting some market research also. How does someone join a site like this NINE YEARS ago, post only four times, and keep track of a user name and/or password for that long?

:)
More...

LOL Really good one. I've been a lurker :) Trying to learn as much as I can. Started 9+ years ago and still learning :)

As to the password -- LastPass my friend !!
 
The barrier to becoming a trader is like becoming a pro sports athlete. Some people are willing to put in the work, and some people aren't.

As others have mentioned in this thread, you really have to learn EVERYTHING and then make your own conclusions and hypothesis from what you've taken in over time.

The best strategies are ones that you piece together on your own, not anything a guru is pushing on you, unless you're using their information to simply learn more about a specific type of trading.

Keep in mind that the biggest factor is going from demo to live. Most people just don't have the patience and nerves to sit through drawdowns even though it is per the course with that strategy.
 
Quote from Brighton:

I am conducting some market research also. How does someone join a site like this NINE YEARS ago, post only four times, and keep track of a user name and/or password for that long?

:)
More...

What about "not being stupid"?

I have all my site passwords in a password manager. Many other people do the same. That way you never forget a site password.
 
If you are poor at math: learn price action.

If you are good at math: avoid price action and learn how to analyze price series. Self-created TA is the way to go. Unfortunately there is no how-to manual.
 
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