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Start with why. If you are tired of trying to learn strategies, stay on top of market, etc then perhaps ask whether or not it is still something you want to do? Yes, you say you love trading. What is it about trading that you love? Perhaps, you used to love trading but things have changed.
There is an idea of constant progression in trading that is promoted that I question. I like to think of success as a function of skill/edge, psychology, and resources (time/money). What is the difference in skill and edge? Skill or expertise is a generalization. Edge is a specialization.
Regarding generalization, the best way to apply generalization is by trading with less leverage. This is difficult for most of us. The best way to apply specialization is to know your setup, trade selectively, and have a quantified edge. There is a middle ground where one can trade opportunistically.
I suggest learning to develop the ability to backtest your own strategies and also work on identifying what you love about markets and try to enhance that in your trading. Perhaps, instead of working on learning to trade, perhaps focus on learning your market. Regarding replay, I would recommend you focus instead on practicing in real-time on the simulator and use replay as a tool.
Watch the stocks that make up most of these indexes to trade the index futures. AAPL, AMZN, GOOGL, FB, etc for NQ, AAPL, MSFT, BA, GS, etc for YM...
Dont just watch the indicators. Feel the market. Be in the moment. Always expect the unexpected. Dont be afraid to go against the move. Most knee-jerk moves will reverse.
Forget your entry price. Exit based on what you see and feel and not based on $ levels.
And dont just agree with everyone including me . Be your own judge.
One last thing - dont let others influence you - dont watch nightly videos from so called 'know it all's. You will get unconsiously biased.
Must mention - do not drink alcohol the night prior to a trading day. Trust me! you will notice a big difference in your performance.
Thanks!! I really appreciate I will check on them. I think all resume in spend hour in the screen. I found lots of good stuff in the forum. Im working on a trading plan. Thanks again.
Hi, well I really still love trading, I fascinated about technical analysis, I know I can be good at it, what I am tired of is searching for a guide, a base education were I can start, really understand the market, understand the numbers. I am finding a lot in this forum especially in the webinars and NT webinars, free pdf and I only paid for PAL price action.
I can't do live real-time due to my job, ARMY internet suck and they won't allow it, I send 2 to 3 hours every day on market replay and 1-hour reading or video. I can't remember last time I watch Netflix I am very deep on this I am looky my wife understands my goals and support me. I am really thankful for your advice and time, I will look into tools and how the market works to develop my trading plan and strategy.
Thanks, Skidboot, I am realizing that indicators are just for reference and confirmation to make a desition. Any particular reason to watch the stock in indexes? Thanks!!
I would take up the free month of Al's trading room that comes with the FIO Elite membership. I used to screen shot the charts from the end of the recording, then go back to the start of the recording, hit play, then take notes as he speaks. Between his course and month of trading room that is all one really needs to get his material, in other words, investing in the books probably costs more than the time it takes to get through them. Good luck, have fun, and think methodically!
Simple reason, these stocks make up those indexes and index futures move based on what these stocks do.
Here is an old video sample by John Carter - see how he uses stocks and some of the market internals to trade the futures. (I am in no way endorsing his trading methods or indicators or his trading room. In my opionion, none of his methods work for others to make money consistently. So use this just as a reference.)