Hello wonderful traders...

[Soultrader]

Hi Eva,

Welcome to the forums and glad to have you on board. On your journey to being a full-time trader, you will encounter alot of noise that can prolong your step to a successful trader. For me, these distractions came in the form of technical indicators. My advice is to take the time necessary to educate yourself whether it be 2-4 years. Study price action and the teachings of those who preach it. Study Wyckoff, Jesse Livermore, Humphrey Neill, William Peter Hamilton, James Dalton, and Steidlmayer. Find your timeframe, style, and methodology. Become an expert in that methodology and specialize in certain markets. Its the 10/90 rule in which 10% of all traders make 90% of the money. So specializing always helps.

Make sure you read Reminisce of a Stock Operator. Then reread it. Always be open to new ideas and flexible with your methodology that you develop. There are so many ways to profit from the markets... so never become stuck in a losing methodology. Adapt and adjust.

You will meet alot of helpful traders here so always feel free to ask questions. Feedback in trading is extremely important. Once you figure out why you are losing, you will understand what not to do. Good luck!

[angelaktariel]

James and Soultrader(James), thank you so much for your replies again. I will check out those links and will try to attend the chat room tomorrow morning, just kind of to see what you guys are talking about, and to have a feel for it a little more.

Soultrader(James), I will take your advice and buy the books by Wyckoff, Jesse Livermore, Humphrey Neill, William Peter Hamilton, James Dalton, and Steidlmayer. Any particular ones you could recommend by any chance?

The next book I will read will be the Reminisce of a Stock Operator, as I have heard so far just about everyone recommending it.

And yes, you are right, I find people here very knowledgable and helpful as well, so I know this will be a great learning ground for me, for sure.

Thanks again...
Eva

[brownsfan019]

Eva - attached to this post is a list of books I put together awhile back with Amazon.com links. Hopefully the links still work.

[angelaktariel]

Ohhh...thanks so much!!!! Those are all great books, I have already had many of them on my amazon wishlist, but will add the ones I didn't have. I guess, I will be pretty well read, that is for sure...hehehehe.

So far the only one I have read from your list (actually in the middle of it) is the Stock Market Wizards....loving that book. Totally inspiring and gives me a little look of what works for people, and what style of trading they have.

Thanks again!!!

Eva