Welcome to the Traders Laboratory Forums.
Beginners Forum Interested in trading but don't know where to start? Post any questions you may have here.

Reply
Old 10-22-2008, 12:23 PM   #1

TraderBG's Avatar

Join Date: Sep 2008
Location: TX
Posts: 65
Ignore this user

Thanks: 14
Thanked 6 Times in 5 Posts

Need Something to Study

I'm doing a lot better at my trading than I expected, but I've kind of reached a stagnation in my learning. I've read nearly every book that has been recommended on this site and studied my charts every possible way that I know of. It's in my nature to always be advancing so I'm looking to take some sort of mentoring program or course of some sort. I've heard great things about Cisco Futures so I need some opinions: I have a pretty good understanding of MP and auctions but I know I can do better. Will this course benefit someone like me or is it mostly for people with little or no knowledge? If not can someone recommend something that else?

Thanks in advance
TraderBG is offline  
Reply With Quote
Old 10-22-2008, 02:41 PM   #2

brownsfan019's Avatar

Join Date: Jan 2007
Location: USA
Posts: 4,255
Ignore this user

Thanks: 1,912
Thanked 1,789 Times in 895 Posts

Re: Need Something to Study

BG - if you feel you got the hang of it, instead of spending $ with a vendor, why not give it a shot in real-time? Why prolong the inevitable? You'll learn real quick whether or not you got it.
brownsfan019 is offline  
Reply With Quote
Old 10-22-2008, 03:38 PM   #3

TraderBG's Avatar

Join Date: Sep 2008
Location: TX
Posts: 65
Ignore this user

Thanks: 14
Thanked 6 Times in 5 Posts

Re: Need Something to Study

I'm on my 3rd week in live trading and it's going quite well. Problem is I've ran out of things to study. I analyze all of my trades looking for improvements that can be made but can't find anything so far. I'm very skeptical of my early success so I don't want to get overly comfortable. I want to continue progressing but I don't know where to go from here. Any suggestions?
TraderBG is offline  
Reply With Quote
Old 10-22-2008, 04:24 PM   #4

DbPhoenix's Avatar

Join Date: Feb 2008
Location: USA
Posts: 1,913
Ignore this user

Thanks: 333
Thanked 3,620 Times in 873 Posts
Blog Entries: 31

Re: Need Something to Study

Read it all again. Now that you have some experience, the content of all the books will have changed.
DbPhoenix is offline  
Reply With Quote
The Following 2 Users Say Thank You to DbPhoenix For This Useful Post:
brownsfan019 (10-22-2008), TraderBG (10-24-2008)
Old 10-23-2008, 01:31 AM   #5

TraderBG's Avatar

Join Date: Sep 2008
Location: TX
Posts: 65
Ignore this user

Thanks: 14
Thanked 6 Times in 5 Posts

Re: Need Something to Study

Thanks for the replies. I will read a few of the books again but I must say I've been sim trading for over 3 years and after going live I don't yet see the difference like I thought I would. I've prepared for live trading in more ways than most people could imagine. And as I mentioned before this isn't my first time live trading. I traded for about 2 years prior to my "training" with flat to negative results. So this is my first time with such a clear edge. During the last year or so the markets have really opened up to me and the books started to take on a whole new meaning, but like I said I feel I've reached the point of diminishing return on my current resources. I've read quite a few of my books more times than I can count and reading some of them again just doesn't seem like it would be efficient use of my time. I need to be stimulated with new insights and perspectives. So I'm guessing neither of you would recommend Cisco Futures? If not, would you recommend any other resources?

Last edited by TraderBG; 10-23-2008 at 01:37 AM.
TraderBG is offline  
Reply With Quote
Old 10-23-2008, 05:12 AM   #6

bootstrap's Avatar

Join Date: May 2008
Location: memphis, tn
Posts: 79
Ignore this user

Thanks: 1
Thanked 258 Times in 28 Posts

Re: Need Something to Study

with only 3 weeks under your belt and in this market, i would suggest that you just buckle in and give it a little longer. the market is gonna change, it always does.

besides i am sure all along your journey to live trading your heard "this ain't rocket science" plenty of times.
bootstrap is offline  
Reply With Quote
Old 10-23-2008, 09:09 AM   #7

brownsfan019's Avatar

Join Date: Jan 2007
Location: USA
Posts: 4,255
Ignore this user

Thanks: 1,912
Thanked 1,789 Times in 895 Posts

Re: Need Something to Study

BG,
At this point, nothing is going to replicate screen time. Maybe that seems futile to you, but it's the truth. Another book or course may just confuse you more or throw an unnecessary wrench into the mix.

Here's my suggestion - if you are trading well and making money, ENJOY IT. After that, learn WHY you are making money NOW. As the above post says, things WILL change. The question then will be if your model can adapt and change w/ it. Right now is pretty volatile and big jumps are commonplace daily. There will come a time when the ES moves 4 pts the entire day. Can you sustain and make money then as well? If anything, buy a bunch of historical data and test your ideas out during all different periods of volatility. I think that would be a much better use of your time and money.
brownsfan019 is offline  
Reply With Quote
The Following User Says Thank You to brownsfan019 For This Useful Post:
TraderBG (10-24-2008)
Old 10-23-2008, 10:23 AM   #8
zdo

Join Date: Nov 2007
Location: boonies
Posts: 1,349
Ignore this user

Thanks: 317
Thanked 355 Times in 256 Posts
Blog Entries: 104

Re: Need Something to Study

Dear ADHD ADBG

Try Chick Goslin's Intelligent Futures Trading: Day by Day - not for his specific techniqes but to get inside his head a little bit about how to thrive at this game and to lay down some good 'fundamental skills' early in your development

zdo
zdo is offline  
Reply With Quote
The Following User Says Thank You to zdo For This Useful Post:
TraderBG (10-24-2008)

Reply

Thread Tools
Display Modes Help Others By Rating This Thread
Help Others By Rating This Thread:


Similar Threads
Thread Thread Starter Forum Replies Last Post
the cbot handbook/home study book darthtrader Market Profile 13 04-01-2011 04:50 PM
Price Distribution Activity Study - TS downrivertrader Market Profile 0 06-07-2008 12:58 PM
Study of Trading Psychology behind Candles Soultrader Technical Analysis 0 03-19-2007 01:59 AM
NYSE Advancing Issues Market Internal Tool Study Soultrader Trading Videos 22 03-05-2007 08:41 PM
Study: Effect of High PC Ratio on Daily Market Action GCB Technical Analysis 3 02-25-2007 02:20 PM

All times are GMT -4. The time now is 04:57 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
©2006-2011 Traders Laboratory, All Rights Reserved.