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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.
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'.
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.
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.
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.
