Quote from IvoryOctopus:
So pretty much, I'm young, ignorant, and in many cases naive. Even moreso when compared to many of those that have been involved in the market for many many years. But where do I go and how do I shorten this gap?
I've been interested in trading for quite some time, and yet I feel like there's been such a barrier for me when trying to learn about trading or get started and involved.
It's always apparent of how unknowledgable I am, especially in many threads on the forum as terms, ideas, and subjects go right over my head. I feel such a lack of understanding of things, especially of the market mechanics that effect trading, as well as the trading strategies and signs that would cause one to make decisions. The ability to analyze information and know the effect and/or take an action to say the least. Even knowing what information I need in the first place!
But I definitely feel lost as to where I should go to learn what I need to know, I really wish I knew someone personally that could clear many things up but unfortunately thats not the case. I read as much as I can online but that only goes so far, and I've just bought A Random Walk Down Wall Street as well as The Master Swing Trader which I will soon read.
Now, what I believe much of the population does that are less involved are the buy and hold type that invest in something for up to decades for long-term profit, which is definitely not what I'm looking to focus on. I have the desire to go for much shorter terms and hopefully use trading as a source of side or even primary income in the future. But of course, I may be speaking in naivety as I'm not sure if I know what's even realistically possible!
I'm in college right now and am currently taking an economics course which is very informative coming from knowing nothing, and recently talked to my professor who seemed quite fixed that what I'm looking to do is quite unrealistic. He pretty much made the point that most traders who make a profit worth noting are either very lucky, very very well exclusively informed, or very very very smart. That there isn't really any factor of skill and that you can't really be "good or bad" at trading. To sum it up he pretty much said "If doing this is so possible why doesn't everyone do it?" How true is this?
Sorry if it's a long post!
TL/DR: How did you go from how much you knew starting out, to how much you know now?
All responses will be very much appreciated, thanks in advance.
