Ha-ha I have an attention span of a five year old. I can tell you it was very hard for me to get into reading and that's what I initially did. I used books, audio books, and videos. I found the audio books to help, while watching the videos I get tired and couldn't sit still, It may have been the voice and I wasn't as passionate as I am now about trading. Thinking back, I'd zone out on the audio books and the reading.
What I had to do is read, listen, watch everything over and over and over again until it sunk in.
When I first started trading, I was going to be a stock trader. Then I felt overwhelmed with my stock scanner and settings because I started with reversals and alerts and it was a lot to keep up with. I switched quickly to being a index futures trader and started with futures watching ES and NQ. After trading and learning TA and my discretionary methods I do see a benefit of starting with stocks.
What do you mean by short term rewarding system? Rewarding yourself to learn to trade? Please elaborate.
From my experience it first started with over trading(learned that lesson paper trading, thank god), trying to trade everything, overall focus (brain running a thousand miles an hour), and other distractions.
Keeping a journal has helped see the progression. My personality has helped as well, I'm one that doesn't give up. I have a know it all, I'm better, competitive, almost narcissistic/egotistical personality it can and could be dangerous. Things I've learned, still working through a lot of areas and emotions. Knowing that it all takes time. Just know being a trader isn't just about trading it's knowing yourself and learning to address your emotions and dealing with them. I can point you to some books, videos, audio books if you'd like.
"Small disciplines repeated with consistency every day lead to great achievements gained slowly over time."
The following 2 users say Thank You to teamtc247 for this post:
I would be happy if you can point me to some vids and audio books.
With short term reward I mean motivation and gratfication. Some days ago I was told to make as much demonstration of knowledge as possible and share it to the community (traders community) and receive feedback. Later when trading real money the feedback will be winning trades.
Keeping journal is something I do I use OneNote for that.
MPH (methylphenidate) alone doesn't help. I have a high daily dosage now and it has tremendous side effects. So for me it's good when performing routine not to lose focus on boring things. And I need a plan to follow like:
First I learn A - then I learn B - then C and so on
But I would never take it when creative problem solving skills are needed.
When you wrote that your brain runs with thousands of miles per hour I see myself...