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Old 04-19-2007, 11:55 PM
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Re: Educational Trading Programs

Here's a 'prototypical' new traders journey:
  • You start somewhere, such as TL and start looking for the system that will turn you into a multi-millionaire. You might not say it here, but we all are attracted to trading b/c of the $$$$$.
  • You'll think you found 'it'. And there's a good chance you'll jump in and then be surprised that 'it' was not 'it' after all.
  • Now that thousands of dollars are gone, you are going to do some hard soul searching.
  • Most quit here and never look back.
  • Those that can stick around for years, just might reach the level that we all dreamed about when we first started. Make no mistake, while time in the business is important, you have to work very hard and constantly make progress.
What does this have to do with your question? Everything.

There's no such thing as a perfect system. Every system has flaws. As was said here, you need to find out what you like. Daytrading is a word that can encompass so much - from hyperscalp trading to a few trades a day. Only you will know what you like.

Once you find out what you like, then you can finetune your approach to education.

I often get asked on forums and private messages about books that are good for building your library. I haven't finished it all the way just yet, but I attached a PDF to this post that will give you some great books to check out.

I would suggest starting with books and videos. Knowing what I know now, I would suggest learning about many different topics and then deciding what topics interest you. It's much less expensive to purchase a book that is $50-$100 vs. one of these courses that cost thousands.
Attached Files
File Type: pdf Amazon.com books.pdf (205.6 KB, 133 views)

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Last edited by brownsfan019; 04-19-2007 at 11:57 PM.