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These old posts have a lot of wisdom and I’ve noticed a difference between how people who joined this forum were approaching trading a decade ago and how different they are today. People today expect systems and indicators that immediately result in positive outcomes,
It’s work, as exemplified in this guy’s post.
The secret is knowing that trading will require TIME (2 years) to understand the various elements in the market. Give yourself two years, and allocate or have an idea of how much you’re willing to spend.
If you knew, success was inevitable, what would it cost for you to get it.
Because really it’s about how long you last. If you can last two years and you’re actively involved in the market, and being involved in the market doesn’t mean trading every day, or trading every week. It is going in there and looking at the charts, learning something new every week every month, joining forums like these, and asking questions, where you are infusing your brain with various thoughts and trading elements. Because invariably as you consume, and as you are involved, and as you are participating in the market, the timeframe is between 18 months to two years where you start to build competence. And your brain starts to put all this together.
The trading environment is a wilderness, and it’s really easy to get from point A to point B. It’s actually really easy to traverse the wilderness and be at the other end. But it requires thinking for yourself. There’s a reason why there is no legible way to become better at trading.
There’s a legible way to become an accountant, there’s a legible way to become an engineer, there’s a legible way to become, a doctor, but there’s no legible way to become a trader. And that’s a beauty of it. You stand on your own, and you use all the faculties to learn what to avoid and what not to avoid.
One thing to avoid is all the selling, If you’re a beginner and you’re already buying things, that is the path to failure and much expenditure. (spending money on a trading platform is perfectly fine. But don’t get into any monthly costs over 50 bucks a month. There are many platforms that are one time fee, or free. And in those platforms, all the indicators and bar types you need are there. Don’t buy any systems, don’t pay for monthly funded programs.)
Another thing to avoid is all these funded programs. Today you can trade micro, and be in the real market.
Remember, it’s about time. If you can last two years without giving up, you are almost there.
Stick with one strategy, don’t hop around, stick with one strategy and learn where it works. That will take two years.
Hello everyone. I've been trading for many years with mixed success, and have also been working towards maintaining consistency. I am currently using TradingView and NinjaTrader. I live in a rural small town, with a great dog named Dash (An Australian Cattle Dog) who has more energy than my body can keep up with. I'd like to learn the best ways to trade using macros in NinjaTrader, as well as better understand harmonics. I'm well versed in indicators, and have created many of my own in Pinescript. I've found that C# is far beyond my capabilities and so I appreciate the abilities of other coders. Looking forward to learning from everyone.
Hello everyone. I've been trading off and on for a few years now. Mostly swing trading equities and the indexes in my Roth IRA account. I studied computer science in college and worked as a software engineer for several years. I recently left my job to day trade futures full time. I'm here to meet like minded people, swap trading stories, and learn.
I like the idea of widening ones horizon by looking at clean Sharpe Setups instead being locked into one asset, because of habit or fear,better the devil you know right? Wrong better angel 😇 everwhere, with a whiter than snow set up for wealth building
My name is Franco, and I'm excited to join the community. I've been exploring the world of trading through demo accounts as I believe in thoroughly understanding a strategy before committing real capital. Despite the common notion that burning through an initial account is a rite of passage, I've opted to approach trading more cautiously, preferring not to treat the market like a casino.
Up to this point, I haven't found a strategy or market perspective that completely convinces me to transition into real trading. What resonates most with me is the analysis of market data, particularly through order books and volume information. This approach helps me better identify key market players and avoid the proverbial "shark's mouth."
I am dedicated to developing a trading strategy and a stringent risk management plan that I can follow meticulously to keep emotions at bay. I would greatly appreciate any guidance, suggestions, or opinions you could share to help refine my approach. Thank you for welcoming me into your community, and I look forward to learning from and contributing to our mutual trading successes.
Hello everyone,
I’m excited to join the community. I’ve started a few years ago with stock picking based on a fundamental approch. During the time I got into trading stocks on swing basis and now I’ve committed myself to live of trading within a few years.
With a background in computer science I like/try to create systems which helps us to scan the market in a more efficient way than to manually search for the setups. At least for some price action setups it is kinda working.
I love to connect, learn from each other as well as to collaborate to reach the goals.