Something weird happened today. When I started trading with real money less than three months ago, I took out four really stupid trades. I mean, unbelievably stupid. Today I finally closed two of them out.
I just discovered a video by The Chartist, Nick Radge. Well worth a watch.
He starts by distinguishing between quantitative and qualitative trading – the former can be learnt; the latter evolves with experience.
I won’t bore you by describing the whole video. Below are some thoughts I picked up. They’ll become clearer when you watch the video.
When I started my research on trading, I got the impression that using social media is not only quite useful, but almost essential to develop as a trader. Now that I have dabbled with the whole thing, I am in two minds. A newbie should be careful.
I got hold of a freebie pdf of this book by Ross Cameron after sitting through a webinar/sales pitch by Warrior Trading. I don’t remember details, but I took notes during the webinar, which must mean that it was useful. The only annoying thing was the extensive sales pitch at the end to sign up for their training course before they released the link to the pdf. If I remember correctly, they sent the same link in a follow-up email anyway. Hmph! Had I known! Anyway, the book was worth it.
New Trader Rich Trader is a basic introduction to trading for newbies authored by Steve and Janna Burns. It’s been a wee while since I’ve read it. So, I thought I’d better write something up before I forget completely.
Continue reading “New Trader Rich Trader review”
I received an email from a sales person today whose company has partnered with my broker. Obviously, they want me to try out their products.
I told him that I have enough on my hands with stock trading and am not interested just now. Wrong timing, mate!
I have come across a few traders online offering courses that teach you their strategies. The big promise is a fast track to success which bypasses the tedious and painful learning curve they had to go through themselves.
I am in two minds about this. For now, I have decided to do my own thing until I understand trading better, know what I want to get out of it and what my preferences are. I think there are quite a few questions I’d need to ask myself before signing up for a course.