What do you wish you knew...

Quote from QdzResurrection:

I wish I know for everytime when and where the market retraces, cheering or scaring off folks, so that I can sell high for more cash and buy low for the inevitable 100% up room to go. (gasp)

:p
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You should have become a specialist. Isn't that what they do? :p
 
...is probably the most informative and inspiring I have ever seen on any board.

Paulsta - well done on getting the trading job, I am trying to get into London trading myself. Are you able to give any more away (on- or off-board) about where you're working?

Regards
Matt
 
I want to put all of it together(which only experience will bring).....how instruments correlate....... how different markets lead each other.....how foreign markets interact with US markets and vice versa....

For understanding ALL the instruments and how everything is linked together.....would be an understanding that would enable me to trade seamlessly in all environments.

I am still trying to get control over this.........

Michael B.
 
when i started trading, i thought money management simply meant "use s/l's" and "risk small each trade." i am amazed at how naive i was.

i wish i had known how important it was for me to learn money management. i wish i had learned about random trading systems and leptokurtosis of market returns.

i wish i had read this book sooner: 'dancing with lions'
 
Quote from Specul8r:

If I had to do it all over again -- I would not change a thing.

What I know came through action and I would not have it anyother way; for "wisdom/knowledge" through action is the only real kind I know of in this game...

Perhaps if there was one thing I know now that I wish I knew then - it would be this;

It has never been my lessons in this game that have shaped me, but my capacity for those lessons...

Knowing that might have made me a better student in the beginning, but something tells me that lesson also came to me in exact proportion to where I was @ along my journey...

PEACE and good-specul8tion...
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ditto...

If I knew something I "hoped" to know back when I started...

1. That would state that the previous me who knew "it" would be a different person. How could I have built a wisdom to understand and apply the "it", if I didn't back then? I had to have some different course of life to "apply" "it". Leading to a different me right now, which might not be profitable. I don't like to walk my life backwards thinking of these things too, I walk forward with my eyes looking forward. Simply, Kant.

2. But for any chance, if I had the circumstances to actually understand the "it" then I wouldn't be able to do what I do right now. 95% of my knowledge and wisdom came from lessons from the market and motivation to overcome them. If I didn't have the lessons, I would not be a trader.

================================

Being unprofitable or not trading is tough, at the moment but it's something that has to be done. Everyone has to go through some sort of struggling in order to breakthrough out of it. The struggle becomes the backbone of the trader for their future prosperity. We always read in the marketwizard, that traders should make all the mistakes they can when they start. I agree, much of it to an extent.

Though, you make mistakes all time, you become good at it and better with it. :)

:D
 
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