As far as I can tell, most experienced traders recommend paper trading as a way to test a strategy and learn about market behaviour before risking any hard-earned cash. They also advise to study hard and read loads of books before doing anything. Obviously, that’s all very sensible.
However, is it right for me?
Continue reading “About paper trading and being sensible”
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.
Continue reading “Phew, I lost money. – Wait, what?!”
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.
Continue reading “The next 1000 trades”
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.
Continue reading “How to Day Trade review”
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 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.
Continue reading “7 Questions before paying for a course”