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Compendium?

Hey Joe! Has anyone that you know put together a compendium of what to look for when you first start out trading?

Not that I know of. But consider the following: As a trader, you are in a contest. Your strongest opponent has plenty of capital. He follows a program and he does it without emotion. He is totally aware of the fact that no one knows where the next tick will fall. Whereas he usually has good insights regarding the major forces that drive the market, he does not fool himself into thinking he can explain the vagrancies of price movement intraday or even from day-to-day. He knows that no one truly can. The successful trader has learned his lessons by actually trading. This is a competitive business and very few worthwhile pointers are given out by the industry, your competition, or the myriad of so-called trading gurus who plague the pages of trading magazines and pages of their websites. The most valuable information is closely guarded and not often put in books or on web pages. Learning about trading is a 'forever' experience. As the markets change and as we adjust to them, we learn. The learning is ongoing. It stops only when you no longer trade. During the time we trade we can always improve.



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Comments 1

Dave Albert Hoxie on Saturday, 20 March 2021 06:31

I am having trouble getting a real start. Have not made any real or practice trades. I have missed Phillipe's IIG postings, wondering where to find them and start. I realize I am behind, all I need is instructions, very basic but precise instructions on how to proceed day to day, minute to minute from now, and I can do it. Thank you.

I am having trouble getting a real start. Have not made any real or practice trades. I have missed Phillipe's IIG postings, wondering where to find them and start. I realize I am behind, all I need is instructions, very basic but precise instructions on how to proceed day to day, minute to minute from now, and I can do it. Thank you.
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Sunday, 22 December 2024

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.