i am trading, studying and exploring the financial markets for 4 years now.
First of all you should know this is gonna be a very Long Story.
I will cover everything i did in this last 4 years of my life in regards of trading.
English is not my mother tongue, so there will be some mistakes in my text,
but i hope you can understand what i want to convey to you.
the Topics i will cover in this thread in no particular order are:
who am i,
how and why i started trading. what Tools i did use, which techniques.
i will talk about randomness, probabilities, Chance, luck, noise, false Signals,
chaos, what is an edge? (does such a Thing even exist?), Strategy backtesting,
is there such a Thing like: i was right/wrong, the market was right/wrong, is the market
always right?.
charting Tools (indicators, Chart types),
risk Management, trade Management
Who am I:
i wont tell you my real Name. i was Born in Germany, my grandpa immigrated to Germany as an
Gastarbeiter in the 70s. (guest-worker). few years later he brought my father to Germany and my mother
after few years after that. my parents couldnt teach me the german language, so i had to learn it the hard
way. i was sent to a lower secondary education School and could only learn there to speak german properly.
i had bad notes in nearly every subject besides mathematics, physics and chemistry. at These 3 subjects i was
the best in my School. so afterwards i was sent to a School for highly intelligent People. here too i was the best
in this 3 subjects, i was the complete scientist. even the teacher had respected me for that. i sometimes knew
more than my teachers. when i did graduate from this School i received a congratulations letter from
the prime Minister of my state bc i was one of the few pupil who scored the highest available score at the final
exams in this three subjects in the whole Country!
why i tell you that whole Thing?
-> i belive one can achieve anything in life if he is willing to do everything for it. i mean everything,
i didnt just try and succeeded. i fought and fought and fought. it doesnt matter how hard the life beats you
to the knees, the only Thing what Counts is that you can stand up after that and fight another round and then
again and again. the hardest part was the emotional part. i didnt do the whole Thing for me. it was for my parents.
i wanted to make them proud of me. what gave me the will power was the emotions coupled with my success and/or
failure.
so i started to go to the University to study mechanical Engineering (RWTH Aachen University). it is Germanys best technical University. i only went to the lectures the first 3 weeks, after that i just learned from home only with the materials provided by the University, i did never go to lectures again. i then went only for exams to the University.
i passed all exams on my first attempt, i was until i decided to take some time for trading intensively in the 5% percent
of all Student in regards of grades and Standard period of study. noone could ever believe that i did all this without going to the lectures, i didnt have any Mentor who i would ask Things. i figured everything out by myself.
i dont want to bore you with Details anymore, just be Patient and go on.
here is an excerpt from Tom Alexander's ``Practical Trading Applications of Market`` on why so many People fail
in their attempt to become successful Traders:
'' Those who attempt to trade are among the most educated, financially successful, Independent and Business savvy
Group that you could hope to assemble for a common Goal.''
''Why do 95% of These People fail?.. ..Is trading THAT difficult? Why?``
-> '' In my opinion one of the Primary reasons is that what makes successful People successfull actually works
against them when they begin trading... (Here he takes an engineer as an example and explains how he is successful in University and his Business).
... He discovers trading. He buys some books and Begins to study. He goes …