Yes, another one

[DevBru]

What are you going to trade?

 

[Bugsy]

Hey whats up. Long story short. Im new to trading. I know how what I am about to say, looks. Im a quick learner, I have learned many things over the years as far as trades/jobs. I was in the military. I look at trading like a business and have ran a couple - both failed, for different reasons but they were successful to some degree. I wholeheartedly believe in the philosophy Mark Douglas taught. I also believe there are a lot of traders who overcomplicate things nowadays - this happens at some point in every profession from my observation. I also believe strategy is 10%, position sizing is 30% and psychology is 60%. Meaning there are many strategies that probably work - again just based upon my observation of this data overload Ive ate through this past week. I have dabbled in crypto but it was very minor and I never put anything on the exchange I wasnt willing to completely give up. This helped me not worry about scams which did happen once.

I am a clean slate and I know how important it is not to form bad habits. Putting in the work isnt a problem all I do is work on myself and go to school. What i am going to school for is my backup plan - another trade, meaning plumbing or something. Im early to mid thirties. I am wanting to look at this like a real beginner and I was down to pay for a course to get the basics, the general ideas, how to candlestick read, whatever, but Id also like someone to make sure that when I paper trade and audit 25-30 trades that they can tell me what technical mistakes im making and answer any questions I may have on the "whys" of something. Can anyone point me in the right direction? On which courses to look at and who to approach after im done for some "continuing education/OJT." Maybe we can work something out if any of you feel like throwing a dog a bone.

Thanks for your time.

You seem to have a good head on your shoulders. My advice is to create a system that is right for you, backtest it over years of historical data either manually or with software, and rigidly stick to the rules of the system. Good luck.

 

[IamTheCasino]

What are you going to trade?

Im not sure, so Im open. I will not have enough to circumvent the PDT rule. However, when Im ready - meaning after I know I am interpreting TA correctly and executing my plan is comfortable to me, then I can start ~2k+

You seem to have a good head on your shoulders. My advice is to create a system that is right for you, backtest it over years of historical data either manually or with software, and rigidly stick to the rules of the system. Good luck.

Appreciate the advice.

 

[Overnight]

...I also believe strategy is 10%, position sizing is 30% and psychology is 60%. Meaning there are many strategies that probably work - again just based upon my observation of this data overload Ive ate through this past week...

Yer in for a rude awakening.

 

[IamTheCasino]

Yer in for a rude awakening.

I see. And yeu have already showed your hand from your ignorant assumption about my name on here. I aint buyin what you sellin after that debacle. I hope your trading TA isnt as bad as your human TA - or you will be a very poor man with all those assumptions flowing through that head.

 

[deaddog]

What are you going to trade?

Im not sure, so Im open. I will not have enough to circumvent the PDT rule. However, when Im ready - meaning after I know I am interpreting TA correctly and executing my plan is comfortable to me, then I can start ~2k+

That's one of the first things you will specify in your trading plan.

Trading plan specifies;
What to trade
When to trade
How much to trade
When to sell.

You want to write it so that you could hire someone to trade for you and they would know exactly what to do.

 

[Overnight]

I see. And yeu have already showed your hand from your ignorant assumption about my name on here. I aint buyin what you sellin after that debacle. I hope your trading TA isnt as bad as your human TA - or you will be a very poor man with all those assumptions flowing through that head.

Yer the one setting yourself up for failure. It is surprising based on your intro...

... I am wanting to look at this like a real beginner and I was down to pay for a course to get the basics, the general ideas, how to candlestick read, whatever, but Id also like someone to make sure that when I paper trade and audit 25-30 trades that they can tell me what technical mistakes im making and answer any questions I may have on the "whys" of something.

If you want pure TA stuff, you don't need a mentor. The psychology of it is something they will never be able to teach you.

So don't pay for something that cannot be taught. Just read about TA for free online. Don't pay for it.

What I am getting at is the psychology bit of it. That is what the rude awakening will be for you.

 

[IamTheCasino]

If you want pure TA stuff, you don't need a mentor. The psychology of it is something they will never be able to teach you.

So don't pay for something that cannot be taught. Just read about TA for free online. Don't pay for it.

For me, since im new, TA is my weakness. Based upon my lots in life, the psychological part, on a whole, is not a problem for me - but im not perfect, and when it comes to making sure Im good/consistent, I like to be tested by other objective observing people/person, hence the need for a coach/mentor where I can have both aspects covered - TA and psych help when I will need it. All im doing is trying to cut down on the learning curve. Some probably think it cant be done, some think it can. Im willing to try and stack the deck in my favor is all.

 

[Overnight]

For me, since im new, TA is my weakness. Based upon my lots in life, the psychological part, on a whole, is not a problem for me - but im not perfect, and when it comes to making sure Im good/consistent, I like to be tested by other objective observing people/person, hence the need for a coach/mentor where I can have both aspects covered - TA and psych help when I will need it.

Well, ET has coaches as sponsors here. You could seek them out.

 

[IamTheCasino]

Well, ET has coaches as sponsors here. You could seek them out.

Ya i went through those before I joined. Out of that group Axia caught my eye, but I prefer a more personalized approach. Although to be fair idk how personalized they are over there. Was seeing what else was out there before filling out the form.