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Starting to Trade and Getting Education
Started:October 10th, 2016 (11:50 PM) by johny1971 Views / Replies:212 / 2
Last Reply:November 20th, 2016 (05:33 AM) Attachments:0

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Starting to Trade and Getting Education

Old October 10th, 2016, 11:50 PM   #1 (permalink)
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Starting to Trade and Getting Education

This is a post to share ideas about what works and doesn't when starting out one's trading business. The main concern is content of education.

It seems there are a lot of webinars that offer some really great info. I have found, and by no means is this a dis on all those webinars I have watched because they are extremely helpful, that they provide necessary motivation and general global guidance.

Now, I am at a point where I require some more technical knowledge to which I can build my trading style and career from. For instance, the Al Brooks price action course is great at this and I imagine the noBSdaytrading courses will provide this as well. Both these courses offer extreme value IMO. For instance, I went to a three day workshop and they wanted a minimum of over 10000.00 for basically an indicator and all that surrounds it, including the opportunity to pay more money for more ultra-expensive courses. I am interested in learning set ups and trade management as well as account management.

So now I am at the point where I wonder if there is really good technical info in the context of auction theory that will aid me in looking at charts or reading the DOM and knowing where to enter, et cetera. I watched a good webinar tonight on market profile and it had a key message of keeping your knowledge basic. So, now I am faced with the counterintuitive move given my desire to learn about auction theory to wait a long while before studying Market Profile since I am focusing on price action and order flow. Also, I am not so sure I want to get involved with scalping, but I have heard it is key for the beginner to learn. As it seems, I have a lot on the table and really need help in putting all this into some kind of prioritization so I can follow a linear path to preparation to trade. Oh, and I had everything set on the ES and today I learn trade the CL since there are more ticks. Order flow wise it makes sense to go with the treasuries as, from what I hear, they are a bit slower than the ES??

I have a background in rule based systems and find that what I am learning is discretionary methods and that is a bit of a shocker as I have led myself to prefer directions and roadmaps as opposed to discretionary methods. So, knowing more about the nature (advantages and disadvantages or theory) of discretionary trading would be cool.

I hope I haven't stepped on any toes. Overall, the futures.io community and that which I have picked up from it has been extremely rewarding in just a month!! Just thought I would put all this here in case someone else has cleared these hurdles already. Any response to any of this would be great. Thanks community!

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Old October 10th, 2016, 11:50 PM   #2 (permalink)
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Old November 20th, 2016, 05:33 AM   #3 (permalink)
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Hi, I also believe that order flow is very interesting. I advise you to visit the websites of bookmap and auction dashboard where you'll find a lot of information.

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