where did u all learn how to trade?

Yes, it does take a long long time to feel confident. One thing I would say when looking for chart patterns, change your graph to a line chart, it can make the pattern more visible, then go back to your candlesticks/bars and your brain knows what to look for in the future.....
 
Quote from Imagine:

I was reading a basic stock book last night. There was a sentence that said, the tea cup pattern is the most used and obvious pattern in charting. Couldn't see it.

I said to myself, this is gonna take me years to learn.

Was it the same way for you guys ?
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LOL

You mean a Cup an Saucer!

Pattern recognition is the easiest method to trade with it just takes a little practice and the RIGHT guidelines.

There are several EXCELLENT books out there on it and I would highly recommend you read them.

If you stay pure and do not add any indicators you will become an excellent trader and have a deep understanding of HOW the markets move.

This doesn't necessarily mean you will be profitable THAT'S a whole other story.... :D
 
it was the cup and handle pattern not tea cup. My fault.

confused it with saying to myself i should just read tea leaves.

thanks for the encouragement.
 
initial tuition was cheap. As markets have changed I had to pay the tuition as brokering is also hard as clients come and go...
I would say my brake came at ETG (a prop firm), trading/scalping listed stocks. I have learned a lot there. don't can't use that anymore. Go figure....
Now I only focus on futures and mainly spreads, options and other non outright "fuck me market" strategies...
I am still paying tuition at times...
 
worked on the cbot floor (clerk, 30s & 5s) for 3yrs & got into using the monochrome CQGs on the floor after like 6 months...buddies father gave me the Nison candlebook (end of 1st yr on the floor), couple years later i got kinda lucky & was handed a job trading the screen side of the bund arb in london -'97.
 
Proprietary...means you work for a firm and trade their capital for a split of your profits. typically, its 40/60 or 50/50 to start. maybe $1000/month guaranteed, give or take.
 
Quote from kiwi_trader:

Actually it says "Those who speak do not know."

Which is clearly an ancient and enlightened way of saying "if they offer a verbal/written solution they are full of shit."
I don't see any mention of homework in it. bs.

And back on topic, I learnt by reading a lot of books, many useless, asking people about things, sharing ideas with others and making 1000s of mistakes (in every sense of 1000s). If it boils down to anything it is: There are lots of good ideas out there and you have to distill out a few that feel right to you. Then you have to try them in as real a cashless situation as you can to prove that they work at the hard right edge. Then you have to apply money to them. And when you overcome your psychological issues and the slippage, mistakes, and operational issues that come your way you can be successful.

I think that if I had found the right mentor early on (= honest, insightful, method compatible with me, and can help me see where I am going wrong) I could have reached journeyman level in this art much less expensively.
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I learned from kiwi posting trades in some old geezers free trading room :D. Where you hangin out now bro.
 
Hume's Investment Group - Ted Spread, Sugar 11, Oil Parlay...et all
Ken Roberts - Introduction to Futures Trading.
Commodity Trend Service (Nick Van Nice) - Introduction to Technical Analysis.
Welles Wilder - Delta Phenomenon/New Concept in Technical Analysis.

I was successful trading Futures '95/'96 before switching ground to options trading in 1997. It's been success galore since then!
 
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