Recommendations for a day/swing trading noob?

Quote from Ms Varima-Garch:
i thought the message was more general, something like "forget your past fears, relax, and just unleash that energy flow . . . you know . . . let your winners run . . . " :D
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No. You're getting hung up on zen crap again. :mad:
 
I received what I perceive a very good answer from a gentleman called Sarvise when I first asked for advice on this board.

You will find it in this thread along with some other very good answers as well.

http://www.elitetrader.com/vb/showt...652&perpage=6&highlight=sarvise&pagenumber=10

I think it is very important to start with a good theoretic understanding of the markets, risk management, psychology, technical analysis, market profile, etc.

You might end up using just a percentage of it and you will also realize that many of the authors should never have written a book.

Still, I think it is an important part of the education. If you just read one book and fail miserably, you might blame it on not having read enough or you will continue dreaming about the holy grail and trying to find the secret of trading.

After you read a lot of books you will realize that there is no such thing. Still, you need to find out this for yourself:)

Good luck!
 
thanks a lot to everyone that posted! even Ellie Momo!

I will be rereading this several times trying to figure out just what everyone said. I understand the nature of trading books. Typically, those that can, do, those that can't teach. I'm pretty aware of this yet I don't think it will hurt to read the books I have laid out. Most of them are about technical analysis.

And yeah, I will stay away from the psycho-babble. I have waded through enough of it already it seems.

Thanks again!
 
If there is a couple things I'd tell you to do, it would be to invest more time in creating a trading plan and focus more on psychology then a system
 
Quote from 414maple:

1. Remove incorrect positions.
2. Press trends correctly.
3. No exceptions.

Anything is possible - you can do it!
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What do you mean by "Remove incorrect positions"? Are you referring to protecting your principle by setting an appropriate stop and following through with it?

By "press trends correctly", do you mean learn how to read/judge any press related to a given symbol i'm trading?
 
Quote from RatioTrader:

If there is a couple things I'd tell you to do, it would be to invest more time in creating a trading plan and focus more on psychology then a system
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what exactly do you mean by psychology? are you referring to factors involved in the ramifications of fear/greed?
 
My suggestion is to work on discipline from day one, also the best trades seem ackward and hard to take.

When the market is making it too easy for you to get a fill, watch out. It's better if the market must come to you for the fill.
 
Quote from Nexen:

When the market is making it too easy for you to get a fill, watch out. It's better if the market must come to you for the fill.
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would you be so kind as to break that down for me a little further? are you saying if gains are coming too easily, that something is amiss?
 
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