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How did you learn to trade?


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How did you learn to trade?

  #1 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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New poll started:

How did you learn to trade?

Total votes: 549
 


Please vote, and discuss this subject using the thread.

Thank you to @JMAL for the thread idea. If you have an idea, share it here:



Mike

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  #2 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
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I chose 'Other', because this was my path (in a nutshell):
  • Won a stock trading contest in a high school business class (circa 1985), self-taught reading quotes from the paper
  • Ken Roberts World's Most Powerful Money Manual & Course, $175 back in 1997
  • Self-taught stock trader (bargain shopping)
  • Self-taught trader (books upon books, FIO, YouTube, etc.), 2007-current
  • Self-taught developer of algorithmic trading systems, 2018-current
  • Kevin Davey's Strategy Factory Workshop, 2020
On the whole, books were/are my main education, and there were lots of breaks between working on other things. Kevin Davey's course was the tipping point for being profitable with my automated strategies.

~vmodus

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  #3 (permalink)
 kevinkdog   is a Vendor
 
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vmodus View Post
I chose 'Other', because this was my path (in a nutshell):
  • Won a stock trading contest in a high school business class (circa 1985), self-taught reading quotes from the paper
  • Ken Roberts World's Most Powerful Money Manual & Course, $175 back in 1997
  • Self-taught stock trader (bargain shopping)
  • Self-taught trader (books upon books, FIO, YouTube, etc.), 2007-current
  • Self-taught developer of algorithmic trading systems, 2018-current
  • Kevin Davey's Strategy Factory Workshop, 2020
On the whole, books were/are my main education, and there were lots of breaks between working on other things. Kevin Davey's course was the tipping point for being profitable with my automated strategies.


Ha! A fellow Ken Roberts student! I was sucked in by Ken's description of how easy futures trading was, back in late 80's early 90's.

I did not learn much in that course, but I remember they did honor their "paper trade profitably or get your money back" guarantee. But by then the hook had been set, and years later here I am!!

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  #4 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
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kevinkdog View Post
Ha! A fellow Ken Roberts student! I was sucked in by Ken's description of how easy futures trading was, back in late 80's early 90's.

I did not learn much in that course, but I remember they did honor their "paper trade profitably or get your money back" guarantee. But by then the hook had been set, and years later here I am!!

Yeah, I remember reading about that in your book. I am sure there are plenty of TWMPMM 'graduates' here at FIO. I became a skeptic of his after a while and I am not sure how successful he was as a trader, if at all. As a salesman, he was very successful. I do recall one trade he described which caught him on the wrong side of platinum, if memory serves. Rather than cutting his losses, he hung onto it and was deep in red, until it finally turned back in his favor. The point was: see, I was right after all!

From what I know now, I realize it was a horrible example to teach to new futures traders. Thankfully, I have learned a lot more from actual traders, as well as paying my own 'market tuition'.

~vmodus

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  #5 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
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Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
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Posts: 50,322 since Jun 2009
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Thanks Received: 101,476

Interesting results so far.

How could I have broken down the poll options better, so it wouldn't be so lopsided?

Mike

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  #6 (permalink)
 kevinkdog   is a Vendor
 
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Big Mike View Post
Interesting results so far.

How could I have broken down the poll options better, so it wouldn't be so lopsided?

Mike

Maybe broken it down into winning and losing trading - that would tell you what approach was the most effective.

If 67% learned on their own, and X% of those are profitable, that would be interesting to know.

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  #7 (permalink)
 
Kruger's Avatar
 Kruger 
Cape Town South Africa
 
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I chose 'other' as it was a combination of:
- On-line coaching (not useful)
- Books
- Websites and Youtube
- Bumping my head and telling myself to throw in the towel but a week later I was back
As my background is not anywhere close to trading (Transformational Human Resources and Labour Dispute Resolution), my journey has been a long one and the most challenging was and still is (although less now), sticking to the trading plan.
I currently confine myself to trading futures seasonal spreads (mainly grains & energy) and finally reached the stage where I am happy with the way it is going.

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  #8 (permalink)
 Ates 
Istanbul / Turkey
 
Experience: Master
Platform: Motivewave
Broker: TDA, IBKR, Tradovate, EdgeClear
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By suffering + self-taught. Wiped my accounts several times. Punched tens if not hundreds times. That's how i learnt how to punch and kick back

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  #9 (permalink)
 manfretto 
Warsaw
 
Experience: Beginner
Platform: Sierra Chart
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I do not take anything for granted so I check each concept myself. It takes some time to discover if it works for myself or not. The sources are: reading books, following social media groups, paid and free courses (in the past). Now I treat above sources to gather some concept rather it will make me rich.

The second step, the most important, is analytical thinking, experiments etc.

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  #10 (permalink)
 Trader146 
Shreveport, LA/USA
 
Experience: Advanced
Platform: NinjaTrader
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Trading: NQ
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Big Mike View Post
Interesting results so far.

How could I have broken down the poll options better, so it wouldn't be so lopsided?

Mike

The reason the results are so lopsided is because the self taught Trader is the kind of person that would have found and use this site. That’s my belief anyway.

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