Style & Personality question

>if i would have studied my personality and learned the basics of different types of trading/techniques, I could have saved myself a year that I wasted on Mr. Stochastic and friends, and Mr. Elliot, Gann, and Fibonazi.

Truer words were never spoken :) Can I have my year back please?

-Bo
 
Originally posted by illiquid
Would be curious to hear your experiences.
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illiquid

My experiences as follows

I started in the end of 1999 dabbling in stocks, was exciting ,buy a stock it goes down wait 2-3 weeks it goes back up make money, easy.
Then started reading about stop loss, tried it got stopped out few times, no good back to my buy and wait strategy. Then came April 2000 my stocks went down, no problem they will come back up, in May there was a bounce I knew they will go up again.(yeah right) Luckily I needed money for other reason I sold all my stocks at the bounce in May.
Well you all know what happened after that.
Then I started my education in trading stocks, reading books, SI threads,come across Elite Trader good stuff. At the same time opened an account at IB to get my feet wet with small lots per trade. Few months ago read a book by Mark Douglas Trading in the Zone.
He suggests to pick an edge and do it at least 20 times in a row before deciding whether it is a good edge or not.
So now I am busy trying to get an edge.

tamvik
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