You'd think after being in and out of the markets for over 40 years, that I would know something; but frankly, all the books and programs and methods I bought amounted to nothing.
I've come around to learning that you have to glean what you can from those willing to help, then try to develop your own method. Simply because the stuff that others have come up with probably won't suit you.
You've got to study what's offered and study the way the market moves, and try to make up a set of trading rules to suit what you perceive.
So that's why a site like this, and a big thank you to Mike; is such a treasure. Posts by Big Mike, roonius, sharky and a ton of others who have really poured their guts into this forum have given wannabees a chance...
So I'm lucky that I found this site (a link from the NinjaTrader forum), and when I finally get it together, or have some brilliant awakening, I will share in the NT forum. I'm getting along in years, but I'm not about to quit. So good luck and keep an open mind.
The following 2 users say Thank You to grandad58 for this post:
I am pleased that you and I agree on the above... I've said nearly the identical words many times on the forum and blog -- that success will come only after you find your own way, that you can learn from others but copying them will not work. You must develop your own method, your own style, and only then will you be comfortable enough so that success will follow.
Trading is more about the mind and less about indicators, which is why the above is so true. I hope to see you (all of you!) in the Psychology and Money Management section of the forum if you truly want to take your trading to the next level.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
I gotta say thanks Mike and good job. Im somewhat of a novice trader; forex and e-mini, your blog, insight, and your posted indicators has helped me advanced as a novice day trader. Even though I just recently busted my account, I will continue to trade on sim as I have just developed somewhat of a nice discrestionary trading system with the trend strength A indicator.
Thanks again and I hope to contribute more.