What is the traditional course of study for a career trader?

Trading Education Buyer said:
What you have said in this thread , and from knowledge and experience , you should be making $20,000 at least a week.

Some people are all talk and no trousers .You should have the discipline not to come to forums and be concentrating on that trade.This does not make sense , why somebody who can earn 20,000 a week , $500 an hour is wasting valuable time

This all does not add up

I am not trying to knock you
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Good point and a very astute comment TEB. I don't know why but I'm starting to like you.

The reason I'm messing around on Forums this week is because I've taken the week off to finally crack Gliding. Just bought myself a big gliding simulator (hardware) and working on my precise turns, my wing drops, my tow-rope breaks and the like.

I've had all sorts of problems with the actual flying and a member of my club says the secret to flying well is to to work everything out on a proper sim before doing any more actual flying.
 
AbbotAle said:
The internet is not a new invention, it's just a big computer network and they were invented years ago. Same with the mobile phone, just an extension of a landline telephone first invented 100 years ago (give or take, I'm not sure when). So my question still stands - name one life-changing massive invention we're using today that we weren't using 50 years ago?
And think about the internet, what's it's really done to massively change the way we live like Electricity, the car or airplane? Watch more porn, check? Play games with somebody in Korea, check? Easily work out if it's cheaper to fly on a Wed rather than a Thursday, check? Talk to my friend in Italy for free, check? Waste time on message boards like this :), check? Quickly check my bank account, check. Hardly a revolution to anyone's life but still good I admit.
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The internet is just a big computer network? Well, then a car is just a pile of oil and metal.
Internet is by far the biggest invention in 50 years and in the 1960s, for all practical purposes, didn't exist.

A human can now do all transactions without meeting or speaking to a person or ever going out - that is absolutely revolutionary. You might say that's a bad thing but that's just your opinion.

I also have all the books of the world available to me instantly, 50 years ago I wouldn't have been able to read many of them even if being physically present.

You mentioned that travel time still takes as much as before. We already had the Concorde which was removed from use due to noise pollution so to say the technology isn't there is just plain wrong. It's not fair to say "technology has stagnated" when many of the decisions are made by Luddites.
 
d08 said:
The internet is just a big computer network? Well, then a car is just a pile of oil and metal.
Internet is by far the biggest invention in 50 years and in the 1960s, for all practical purposes, didn't exist.

A human can now do all transactions without meeting or speaking to a person or ever going out - that is absolutely revolutionary. You might say that's a bad thing but that's just your opinion.

I also have all the books of the world available to me instantly, 50 years ago I wouldn't have been able to read many of them even if being physically present.

You mentioned that travel time still takes as much as before. We already had the Concorde which was removed from use due to noise pollution so to say the technology isn't there is just plain wrong. It's not fair to say "technology has stagnated" when many of the decisions are made by Luddites.
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Look at when Concorde was developed, the 60s/70s. It blew my mind as a kid. My mate Anthony went to NY on it with his father, I was so jealous. All I got was a walk through at Duxford Airport (UK plane museum).

So where's the son of Concorde and the son of that? Imagine the developers in the 60s, 70s, what where they thinking the future would hold? What would Kelly Johnson of Skunworks (developed the Blackbird with NO computers, only slide rules) be thinking of the state we're in today? They'd all be horrified at how little we've come from their beautiful and very dynamic legacy. As I said before the US put a man on the moon in 1969, what an achievement, probably the greatest achievement yet of mankind, now they don't even have a rocket to put a man in orbit and have to tag a lift off the Russians. That's why I say technology has stagnated.

And it's even small things like the digital watch. Again my mate Anthony came into class at the beginning of the 1979 term with the black digital watch (had to press the button to show the time in red) and the whole class went totally mad and I mean mad. What new toy or gadget blows kinds minds today? None, because there's nothing with the wow factor out there even as we're so much more advanced today than 20-30 years ago. Look to see the star at next year's CES in Las Vegas it will probably be another fridge that tells you the milk is off and auto-orders you another 2 pints. Yet they put a man on the moon 50 years ago....

As for the internet, we'll agree to disagree. But all I know is many around the world don't use it and don't worry about it. Few if any don't use or give up on electricity, the car, the aeroplane those were inventions that blew the world away. Did the internet blow anyone away? Has it really changed everyone's lives for the better? Yes, it's useful but at the same time I wouldn't cry if it was theoretically banned but I'd be weeping like a baby if they banned the airplane or electricity those massive inventions that changed everyone's life dramatically.

Take nuclear fusion as a good example, that's been 20 years off for about the last 60 years. That would give the world basically free power and totally clean because it's main ingredient is seawater and there's plenty of that. But there is possibly light at the end of that tunnel because I think Skunkworks or one of the big US Arms makers might have cracked it. Small devices that each can power a town. Now, that would blow us all away.
 
@AbbotAle

We've (humans) sent probes much further away into space. Your thinking is linear while space exploration gets exponentially harder the further you go.

No offense but you sound too old. When the iPhone first came out I got one and it definitely blew minds, it was so much better and so much more intuitive than other phones.

When it comes to military technology, we have drones circling the earth remotely controlled from somewhere in the US desert. That's quite amazing but I know you won't be impressed.

Coming back to the internet, I can type in a few words of a song I heard and most of the time I get the correct result right away. How would that have worked 50 years ago?
If the internet was shut down, it would devastate my life and anyone in generation Y. My work is online, I use things like Uber and often order food online, I've filed my taxes online, voting is online, all my media is online and it's the primary method for talking to friends and family. That's just me, I don't even count all the background transactions which are unnoticeable for me.
And you say the internet is not revolutionary. Amazing.
 
The most revolutionary invention in the history of mankind is the television. --Not the internet. I realize you are talking of the last 50 yrs, but all time , its TV.
 
AbbotAle said:
Who's they? The boys or me?

If it's the boys, they normally create the event, and I buy after the event when I see that people have been minimised and the majority have to buy to either cover shorts or to get long.

If you plan to buy before the event or during the event you can't use a tight stop hence can't get the potential of a great R/R. A tight stop can only be used after the event which is why I say buying after the event is the far more intelligent move because the tight stop can be used. If you buy before the event, who a) knows it's going to be an event, or b) when the low will actually be? if you buy during the event, same thing, you don't know that it will turn into an event and you also can't use a tight stop.
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I guess it depends on what your definition of an event is. For me, I get in when the event starts, that is, when buyers are taking control and then I continue to buy while buyers are in control.

There would be no point buying AFTER the event, i.e. when buyers have relinquished control.
 
lovethetrade said:
I guess it depends on what your definition of an event is. For me, I get in when the event starts, that is, when buyers are taking control and then I continue to buy while buyers are in control.

There would be no point buying AFTER the event, i.e. when buyers have relinquished control.
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S AN P AND INDICES are easier to trade , holders /buyers have edge

fed put to keep markets higher plus interest rates lowering cycle good for stocks

not a good test of trading skills
 
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