Thank you for your replies. I have spent my time doing a variety of things, mainly getting information a mile wide and several inches deep in the market. I have read all the tutorials except the ones on real estate on investopedia.com, and the rest on thismatter.com that the book didn't cover.
I have exhausted the library, reading the introductory books, a Warren Buffet Book, Lessons from the legends of wall street, and several others before. I knew from the start I wanted to be a trader, but I had a tip off from another trader to get a feel for everything in the market, and I wanted to start with investing.
Then, I read the Toni Turner book on short term trading, Nison's Candlestick Charting Techniques, a book on charting patterns (by Wiler I believe?), a book about options, one on futures, a few more here and there.
I am reading Mastering the Trade right now (about halfway through), and have the encyclopedia of technical indicators on its way from amazon.
I have spent a great deal of time working out kinks, like the custodial accounts, age of majority, brokers, and ways to earn money for my trading account and/or living expenses so I can concentrate on trading while I'm in college.
I have decided to start with TradeKing (Zecco has been terrible in processing my account application - well over a month - so I just canceled it and decided to go with a better-named and company-backed broker). Then, once I have enough set aside I think I may program a trading system, although I need a set way to make more money before I can invest in the $100 fee and the higher commissions.
I've also had problems with my finances. I expected to have a clean $1500, but gas prices and car problems have knocked it down severely. I want $3500 for college, and currently have $3600. I expected to make $1500 this summer, but my boss has knocked down my hours to only about 10 a week (worst businessman I've ever met, I practically manage that place myself). So, I'm stuck with the constant problems both finding money and spending my time studying the markets.
I have also tried paper trading simple candlesticks, support/res, RSI, etc., but I'm barely coming out even. It doesn't help that I've decided to do it on the 20 most traded stocks (advice from Jesse Livermore, measured in $$ volume), but I've found myself to be forcing trades. I also know I have a lot of learning left ahead of me, and only two months until college begins. As a result, I have no idea which direction to go in, and I'm just kind of trudging along by reading the last of books I need to read, creating an investing website, finding ways to make money, and trying not to waste any time. Any advice will do! Thanks.
Setups are something I'm going to begin studying. I set aside about 150 studies in my journal (like measuring the performance of hammers and hanging mans and plenty of others), but there is so much information it's hard to get through them. As a result, I think I may need to focus on the most objective ones, and develop new trading setups and analyze them. I can't even find resources to measure my ideas. I've applied to stockwire for backtesting, but that was over three weeks ago. I don't know what to do!
I have exhausted the library, reading the introductory books, a Warren Buffet Book, Lessons from the legends of wall street, and several others before. I knew from the start I wanted to be a trader, but I had a tip off from another trader to get a feel for everything in the market, and I wanted to start with investing.
Then, I read the Toni Turner book on short term trading, Nison's Candlestick Charting Techniques, a book on charting patterns (by Wiler I believe?), a book about options, one on futures, a few more here and there.
I am reading Mastering the Trade right now (about halfway through), and have the encyclopedia of technical indicators on its way from amazon.
I have spent a great deal of time working out kinks, like the custodial accounts, age of majority, brokers, and ways to earn money for my trading account and/or living expenses so I can concentrate on trading while I'm in college.
I have decided to start with TradeKing (Zecco has been terrible in processing my account application - well over a month - so I just canceled it and decided to go with a better-named and company-backed broker). Then, once I have enough set aside I think I may program a trading system, although I need a set way to make more money before I can invest in the $100 fee and the higher commissions.
I've also had problems with my finances. I expected to have a clean $1500, but gas prices and car problems have knocked it down severely. I want $3500 for college, and currently have $3600. I expected to make $1500 this summer, but my boss has knocked down my hours to only about 10 a week (worst businessman I've ever met, I practically manage that place myself). So, I'm stuck with the constant problems both finding money and spending my time studying the markets.
I have also tried paper trading simple candlesticks, support/res, RSI, etc., but I'm barely coming out even. It doesn't help that I've decided to do it on the 20 most traded stocks (advice from Jesse Livermore, measured in $$ volume), but I've found myself to be forcing trades. I also know I have a lot of learning left ahead of me, and only two months until college begins. As a result, I have no idea which direction to go in, and I'm just kind of trudging along by reading the last of books I need to read, creating an investing website, finding ways to make money, and trying not to waste any time. Any advice will do! Thanks.
Setups are something I'm going to begin studying. I set aside about 150 studies in my journal (like measuring the performance of hammers and hanging mans and plenty of others), but there is so much information it's hard to get through them. As a result, I think I may need to focus on the most objective ones, and develop new trading setups and analyze them. I can't even find resources to measure my ideas. I've applied to stockwire for backtesting, but that was over three weeks ago. I don't know what to do!