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Forget about a book for now. I only started finding books useful after I had been trading for a while. The ranger will tell you not to look directly into the gorillas eyes and you will be like "yeah don't worry I got this". After you have been mauled you will be a lot more receptive to advice.
Thanks @MiniP but I'm most definitely no guru. Just trying to figure it out like everyone else here
Thanks for the compliment to @MiniP but iam not guru )
Any way i hope if my trading journal can give same motivation be better! )
And two secret things from "Guru":
1. Work,work,work.........
2. Every day try to be better then yday (in ALL spheres of your life)!
I do have to agree with @MiniP there are a ton of great journals on this forum. Each one with its own unique personality and gem after gem of great information. I can't tell you how many different journals I read on this forum. Every one that pops up in my new posts list I go and check out. So many people on this forum legitimately want to see others succeed. They will offer constructive criticism and really great ideas to help you grow as a trader. Best 100 bucks I have spent in the last several years.
The thread starter, @harryguy, says he is not interested in day trading, and it is true that most of the posting on FIO is short-term: generally day trading and sometimes scalping.
But I think that much of what works on a short-term timeframe also can be applied to a longer-term one. Not all, of course, but a lot. The main one is trading without emotional craziness, which is very hard in the short term, a little less so if you have more time for the trade to develop and you're not always under the gun to act right now. But most of the trade selection and analytical methods will work equally well no matter the timeframe. For that matter, most of the trading psychology stuff is pretty much the same too, just less intense on a longer timeframe.
(Sometimes traders will lengthen their time horizon to avoid the pressures of short-term trading, which works up to a point, but the pressures mainly just tend to come less often and may be about as intense when they arrive .)
With all that said, I don't have any advice on gurus. It has been said in this thread that you have to pretty much learn to trade by yourself, and the response was made that this doesn't work very well with learning the guitar, and that's fair enough. But leaning the guitar, initially at least, is mostly learning technique, which you certainly need help with. Trading can be like that too, but I don't think that once you've learned a technique that you've learned what you need to trade. Why? Well, I don't play the guitar, but I doubt that you go nuts about getting rich or not losing your money and start doing weird stuff every time you pick up the guitar, while with trading... well .
So I think that you do need to learn some method/technique to trade well, and not all will work, and it is good to get some help from people who have gone before you... and also that it is still mostly up to you, in applying what you have learned, in adapting it to fit your own personality and viewpoint, and mainly in mastering your own issues that come with trading, and that are pretty much the same for all traders, regardless of methodology or timeframe or anything else, but that you have to deal with individually.
Good luck with the guru search, I do hope you find something that will give you a hand. We all can use that. I don't think it's the main thing, though.
Books are great - and there are some excellent traders who have written good books. But until you understand and can read order flow, you won't understand how the market works. Whether you're an algorithmic trader, day trader, scalper, long term - order flow is the best representation of what's actually going on in the market in real time.
The best person to learn order flow from is John Grady - Day Trading with [AUTOLINK]Order Flow[/AUTOLINK] ? Ex-Prop trader shares prop firm strategies
Regardless what type of setup you decide to trade, understanding how to read order flow will be the best training you'll ever get.
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