As the markets have poor liquidity today I'll be focusing on studying rather than trading.
I usually record my trades on video with charts and everything and then later I review them to try and identify patterns in the charts and so on. The problem is that I'm running out of videos, so does anyone have a video collection ( or other material ) that wouldn't mind sharing ?
Cheers
Material for studying
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- Posts: 18
- Joined: Sun Apr 04, 2010 6:13 pm
By video do you mean hard drive? i.e via Camstudio or equivalent.
Better than a hard drive would be an external one so it doesn't clog up your system and easy to pick up if the house is on fire.
Better than a hard drive would be an external one so it doesn't clog up your system and easy to pick up if the house is on fire.
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- Posts: 11
- Joined: Thu Jul 29, 2010 5:23 pm
Hi rpadrela,
I don't mean to come across as an arse but every second post on here seems to be from you asking for people to 'share' something with you. If not trading videos then strategies. Successful traders will not share there secrets with anybody (not for free anyway) and nor should they.
I think you really just need to get your head down for a few months and trade as much as you can, making sure that you're not risking money that you can't afford to lose.
While all the information and technical analysis is no doubt essential, only by trial and error will you learn how and when to enter and exit a market.
I think that there are some blogs out there and video's scattered around the place that make this trading business look much easier than it is and as such people new to the game think its just a matter or turning up and using certain 'technical indicators' to make a profit.
The truth is that even the very best took months and not days to become profitable traders.
There is no shortcut.
Good luck
I don't mean to come across as an arse but every second post on here seems to be from you asking for people to 'share' something with you. If not trading videos then strategies. Successful traders will not share there secrets with anybody (not for free anyway) and nor should they.
I think you really just need to get your head down for a few months and trade as much as you can, making sure that you're not risking money that you can't afford to lose.
While all the information and technical analysis is no doubt essential, only by trial and error will you learn how and when to enter and exit a market.
I think that there are some blogs out there and video's scattered around the place that make this trading business look much easier than it is and as such people new to the game think its just a matter or turning up and using certain 'technical indicators' to make a profit.
The truth is that even the very best took months and not days to become profitable traders.
There is no shortcut.
Good luck
- oddstrader
- Posts: 344
- Joined: Fri Apr 16, 2010 4:55 pm
Prologue
The Jademaster
One cold winter morning a young man walks five miles through the
snow. He knocks on the Jademaster's door.
The Jademaster answers with a broom in his hand.
"Yes?"
"I want to learn about Jade."
"Very well then, come in out of the cold."
They sit by the fire sipping hot green tea. The Jademaster presses a green stone deeply into the young
man's hand and begins to talk about tree frogs. After a few minutes, the young man interrupts.
"Excuse me, I am here to leam about Jade, not tree frogs."
The Jademaster takes the stone and tells the young man to go home and return in a week. The following
week the young man returns. The Jademaster presses another green stone into the young man's hand and
continues the story. Again, the young man interrupts. Again, the Jade-master sends him home. Weeks pass.
The young man interrupts less and less. The young man also learns to brew the hot green tea, clean up the
kitchen and sweep the floors. Spring comes.
One day, the young man observes, "The stone I hold is not genuine Jade."
I lean back in my chair, savoring the story. My student interrupts.
"OK. OK. That's a great story. I don't see what it has to do with making money. I come to you to find out
about the markets. I want to learn about the drifters and the steamers, lays, backs, crossovers, charts and
systems. I want to make big money. You tell me a fable about Jade. What is this? You ..."
"That's all for now. Leave those price charts on the table. Come back next week."
Months pass. My student interrupts less and less as I continue the story of The Trader's Window.
-from The Trader's Window,
ED SEYKOTA
The Jademaster
One cold winter morning a young man walks five miles through the
snow. He knocks on the Jademaster's door.
The Jademaster answers with a broom in his hand.
"Yes?"
"I want to learn about Jade."
"Very well then, come in out of the cold."
They sit by the fire sipping hot green tea. The Jademaster presses a green stone deeply into the young
man's hand and begins to talk about tree frogs. After a few minutes, the young man interrupts.
"Excuse me, I am here to leam about Jade, not tree frogs."
The Jademaster takes the stone and tells the young man to go home and return in a week. The following
week the young man returns. The Jademaster presses another green stone into the young man's hand and
continues the story. Again, the young man interrupts. Again, the Jade-master sends him home. Weeks pass.
The young man interrupts less and less. The young man also learns to brew the hot green tea, clean up the
kitchen and sweep the floors. Spring comes.
One day, the young man observes, "The stone I hold is not genuine Jade."
I lean back in my chair, savoring the story. My student interrupts.
"OK. OK. That's a great story. I don't see what it has to do with making money. I come to you to find out
about the markets. I want to learn about the drifters and the steamers, lays, backs, crossovers, charts and
systems. I want to make big money. You tell me a fable about Jade. What is this? You ..."
"That's all for now. Leave those price charts on the table. Come back next week."
Months pass. My student interrupts less and less as I continue the story of The Trader's Window.
-from The Trader's Window,
ED SEYKOTA
There is an amusing story that's relevant to trading on page 2 of this book:
http://books.google.co.uk/books?id=UN4h ... &q&f=false
Jeff
http://books.google.co.uk/books?id=UN4h ... &q&f=false
Jeff