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Account been approved! Going to have my first day of tradingthis week LA
Just type the word 'books' into the Search field on the futures.io (formerly BMT) front page top right, it will automagically give you a great list of links to books to get started with. Just pick a few that appeal, if you don't get on with them start over till you find some that you can relate to better.
Better still watch a futures.io (formerly BMT) seminar or read a couple of new threads from start to finish every day. Do that for the whole of next year and see how you're getting on. Now that sounds crap doesn't it? Now try for the next ten years.
My original question was of course rhetorical, but we are all really trying to help you and we do indeed understand your frustration, the problem is that you don't seem to understand ours. This game ain't easy, ever. I've been learning for 13 years so far and frankly I still know just a little bit past bugger all. You have to think for yourself, start working out what fits with your ways of thinking and what suits your personality, and be prepared to keep learning forever.
Stick at it but don't expect overnight miracles. There are hundreds of ways of making it in the markets but the only one that will work in the end has to be yours.
This is all you need:
A 5 minute chart.
Stochastic indicator,
MACD,
RSI,
Keltner Channels.
Buy when all the indicators at the bottom, and sell when they are at the top.
This is the system the pro's dont want you to know about.
The OP needs to realize he is expecting everything to be handed to him, then when people take time to do so he is discounting and discarding most of it.
The better solution is for OP to learn to think for himself, do his own homework and draw his own conclusions through his research, analysis, statistics and real experiences.
If the OP is actually serious, then the next step is to not make any more posts for a while during which time he starts learning based on all the recommendations made to him. He could then start a real trading journal, not a thread where he is asking lots of questions, but instead a thread where he is documenting his trading path in a way that he can learn from it as it evolves.
Panda,
You have the patience of a saint. I can't believe you are still responding either. However, your friend is wrong. Budfox may not be listening, but others are! Really great stuff.
This thread really should be in the beginners section. There is so much great advice and learning lessons in this thread.
Good to read “Trading in the Zone” – Mark Douglas and “The Daily Trading Coach” – Brett Steenbarger
and follow the concepts as much as you can to learn every day without losing much emotional caplet even if you loose money
