What makes a champion? System vs Psychology vs Money management

[RobinHood]

don;t think commerce will make you automatically a good trader there is no degree that teaches you the skill set you need to be succesful in this industry that said it will probably certainly help.

commerce from Ivy League will get you into a solid investment bank that will give you the most room and resources to grow.
Trading $500,000 or even a million by yourself is not enough to impress anyone.


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I'm managing a ridiculous amount for someone my age (getting smaller as I pay off study fees), but this has only gotten me 2 interviews (at small firms only), and no job...


btw go for "prestige" when going to college, that is all they seem to care about.

 

[RobinHood]

after intra day, trader moves on to partial long term few days holding and still partial intra day

eventually a trader moves out of intra day out of desire to work less

and he relaizes that he can have the same profit with less work

but this requires true understanding of the market

Swing trading with holding periods based on market action always appealed to me. I have one account with a swing/CANSLIM type setup but it has a 0.34 expectancy. My shorter-term swing account is 1.69. This is what I'm trying to work on. Swing trades combining top-down views and fundamentals.

 

[alpha-beta-blah]

Quote from APA:

what happens is this

a real trader (and you got 2 more years to go) starts intra-day and as soon as he or she masters that, and yes it does take heck of a long time even if you are pushing yourself

after intra day, trader moves on to partial long term few days holding and still partial intra day

eventually a trader moves out of intra day out of desire to work less

and he relaizes that he can have the same profit with less work

but this requires true understanding of the market

Nice post and insight. This has been my experience but never heard it articulated before.

Two years trading the 1 and 3 minute futures should do it for you.

-alpha