Transition 9 to 5 to Daytrader

[NeoTrader]

Through what I've read and observed modeling the habits of successful traders is a good way to go. Not so much try to copy their technique but pay attention to the habits and attitudes that make them successful.

Scalper - are you referring to recording the trades you made then reviewing them for things like, why did I take this trade? How could I have done it better? Why did I exit etc... in an attempt to improve execution?
If so that sounds like a good practice.

Brownsfan - do you have any non system specific daily habits I could learn from?

[scalper on steroid]

Simply get the screen recorder software like camtasia or ZD soft. Record the trade that you made in the simulator mode. You can record whatever you like while you are trading, i.e chart with indicators,time and sales,etc.

I learned from Nihabaashi, who recorded every single trade for every single day. That alone, is the cornerstone of my trading to profitability. The same thing will happened again and again. I can't remember every hammer that I took, every shooting stars that I shorted. That's when the experience needed got shorten.

Actually I'm a newbie and started like everybody. Read every thread, copy every strategy. And my search of excellence bring me to Dr Brett Steenbarger's book. Talking about your strength and focus on it.

How do I know my strength if I dont look at myself when I'm trading? The best way is to replay and take note of how stupid I was for didnt take this trade and from there, take note, if this signal appears, I will take it.

I have focused so much on other people's methodology and ignoring my strength and weaknesses. From there, I will drop whatever indicators that I dont use, focusing on what works for me.

That's how I made it, focusing on myself rather than focusing on other person's method. Just get the idea from experience traders and try it on your own. Others find MACD very useful, but not me. But I knew myself. This has helped me. I dont want to say how long does it takes becoz its really short. Everybody starts like this and when you finally got there, the only advice that you can give is simply that everybody can make it if he really wants it. No secret.

[brownsfan019]

	Quote:	NeoTrader
	Brownsfan - do you have any non system specific daily habits I could learn from?

Off the top of my head...

Find a style that you like - either many trades per day or a few. I do better with taking more trades with small stops and decent profit targets.

Study like there's no tomorrow. In the beginning you are going to go through so many things it's not even funny. Find what you like and appears to be working somewhat. You don't need to hit homeruns in the beginning. Singles are fine.

Do NOT risk any REAL money until you've 'played' on a simulator for many months.

This will take time. If you don't have time, it will be hard to get good at this.

Hold yourself accountable - to your spouse, significant other, this board, whatever. Just know there is another set of eyes watching your progress of lack thereof.

Only believe the numbers that you verify. Statistics and numbers are manipulated beyond belief in this biz, so only trust what you know to be true.

[walterw]

and read all the chimp`s threads ¡¡ jejejej... cheers Walter.

[sleepy v2]

Try getting your hands on any books by Tony Oz

[sleepy v2]

His website is .... google his name

[sleepy v2]

His book "The Stock Trader: How I Make a Living Trading Stocks" is definately worth a read if you are serious ... its follows all his trades over several months

[sleepy v2]

"Simply get the screen recorder software like camtasia or ZD soft. Record the trade that you made in the simulator mode. You can record whatever you like while you are trading, i.e chart with indicators,time and sales,etc."

Great advice ...scalper on steroid