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Old 11-08-2007, 01:06 PM
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Re: Transition 9 to 5 to Daytrader

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It may take a few years to master that's what I heard. The idea is simple. Record your trade and replay it until you get it. A trader with 2 years of experience and a newbie who review every single trade that he made consistently until he got the mistake and do it for 3 months, will get the same experience.
We are going to agree to disagree then.

Just reviewing the 'trade' is very ambiguous and not clear at all. Just reviewing the day through some playback method will not shorten the learning curve. That, in and of itself, is not enough. Just staring at the screen hoping to get it is not enough. Our biz requires a solid methodology that creates that 'edge' with proper money management and emotional control.

It's not as easy as just replaying your trades at the end of the day hoping to see something that gives you an edge tomorrow. I would say that all you are doing is curve fitting your trading for the day that just occurred. Who knows if/when that analysis will work again.

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