Appreciate the advice. Like I said in my previous post the biggest challenge I've been facing is how to filter through all the BS and snake oil salesmen out there. A lot of them claim to have the best trading courses/ system yet they charge anywhere from a couple hundred to a couple thousand for their courses. The irony is most of them seem to making more money from selling courses than actually trading which makes you wonder if they are even successful at trading at all!
Where to start?
- Thread starter bc56
- Start date
Appreciate the advice. Like I said in my previous post the biggest challenge I've been facing is how to filter through all the BS and snake oil salesmen out there. A lot of them claim to have the best trading courses/ system yet they charge anywhere from a couple hundred to a couple thousand for their courses. The irony is most of them seem to making more money from selling courses than actually trading which makes you wonder if they are even successful at trading at all!
What is your response to this, bc56?
Start here with this 3 minute lesson.
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-31#post-5776910
Yes, that is par for the course. If I had to do it all over again, I’d start with a focus on a PKM system and then go on a period of discovery while collecting notes for my future self.
I’d focus on best practices of accelerated/super learning and go with broad generalizations and build a taxonomy of various types and refine with hierarchies of topics using dynamic hashtags.
I would find classics and see where they fit in a timeline of development; systems and methods that have withstood the test of time.
One would be hard pressed to find better compilations than “Trading & Exchanges” by L. Harris and “Trading Systems & Methods” by P. Kaufman.
Both of which would give a strong foundation by which to evaluate subsequent authors and works.
For me, I like to have the context of “who/what begat who/what”
Generally, if anyone promotes a shortcut, they are appealing to the “get rich quick” and fall into the category of selling “picks and shovels.” Always prudent to be mindful of another’s motivations and incentives.
One will pay their dues in some way or manner to the market. Success is based on experience and learning from bad choices to inform one in making better, more informed choices of where to focus one’s awareness, attention, time and limited resources.
Discernment is a skill one will always be improving upon.
It’s more a marathon than a sprint, sprinters on the most part get washed out from getting liquidated.
With all that said, I’ve found more value from older, wiser traders whom are in the camp of “paying it forward.”
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It's always been like that, nothing new about that.
Whereever the smell of money comes exploitation.
If you are still serious about wanting to trade, here's my advice, and it's not rocket science.
Start trading real money but as small as possible, the object is not to make money, the object is to gain experience. Note: You will 99% lose that money.
Write down everything; what you want to achieve, what you discover, how to achieve your goals, tips you pick up reading.
Trading is like a one person journey, only you know where you are going and how to get anywhere. A mentor helps but difficult to find, ask on this board, don't get cocky.
