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If I can say just one thing, it would be that you will need to sift through the ideas you find here and elsewhere, put them together in some way that makes sense to you and that you can see how to act on, and then get into it and actually try them out in trading.
You will need to use simulation at first to avoid losing your money when things don't work, but at some point it is a very different game when you have actual cash on the line, and you will need to experience that too.
You should also know that while everyone who has posted advice for you has certainly meant what they said, you could take anyone's method and find another trader who has done the near opposite and who has also been successful -- as well as others who tried the same method and failed. A huge part of successful trading lies in the individual trader's application, as well as his management of his own emotional responses to trading: to losing and making money, to finding and missing opportunities, etc.
You are definitely going to need to find your own way, and when you do, it will be, essentially, yours alone, whether it's like someone else's or not.
I hope you can take some of what has been suggested in this thread and put it to good use.
As has been said about fighting Mike Tyson, “everyone has a plan until they get punched in the mouth.” You will only know when you start trading real money and lose on a trade.
You don’t know anything until you test it with real money.
Of course you should try, but not get an edge over other traders or the market. You’re not trading against the market, you’re trading against yourself.
In fact, think of it this way: There is no edge. Trading is like surfing. A surfer is not trying to get an edge over the ocean or a huge wave. It is impossible. A surfer is trying to survive and ride a wave a little. The market will do what it wants to do. Your job is A) To survive. B) Ride it for a profit.
Smart people do not believe, they verify.
Why? Where is your common sense? You would get killed or badly injured. Nobody starts learning from advanced stuff.
You have to understand the difference between entertainment and study/learning material. The so-called “market wizards” did not read books about “how to become a market wizard” before they became the market wizards.
Do you really think you can become a professional trader by reading a $20.76 book?
The question is why do you want to trade commodities? Because you’ve read about it in a “wizardz” book about people who had millions at their disposal to trade, not to mention the knowledge?
And which commodity do you want to trade, all of them? “Commodities” is a general term for a basket of stuff. Oil, sugar, corn, coffee, gold, etc are all commodities. Are you going to trade gold and sugar the same way? Do you understand what influences the price of oil vs gold, for example?
Commodities are a specialized market. They require deeper knowledge compared to a broad market such as ES. They are less liquid, sometimes less predictable, do not have internals such as the tick, advance/decline, etc and are harder to trade. They are not for beginners.
Yes, I have read them, as entertainment and many other “trading” books. I’ve already explained why. When you open a chart of CL or ES and need to pull a trigger, there is zero information in any of those books that would tell you what to do in actual trading.
As the saying goes, “if you need to ask the price, you cannot afford it.” You would not ask him anything, because in order to ask, you first need to be there. And if you’re already there, you’re on the same level as he is, on average. If you’re there, you already know how to throw a ball. You already know everything he knows. But on average, he is just a little better than you because he has a better mental game, that is all there is to it.
One more thing i'd like to add. Even though I speak about how difficult it has been and the many struggles I have had to get to where I am today, I wouldn't change it for anything. To me, I am doing a job I love and Im very passionate about. I look forward to Mondays so i can get back to Trading.