[MightyMouse]

Originally Posted by clmacdougall »

The trouble with trading is the amount of misinformation you must wade through in order to find the truth. Most of us have never lived a life where we had to question every piece of information we were taught but were told to trust and embrace it instead.
Can you imagine the damage you'd do to yourself if you trusted in even 2% of the trading misinformation which is taught out there, it's absolute rubbish.
No one reading these threads is ever going to be a major liquidity provider so don't get bowled over by the lie that the electronic markets are too complicated for you to pull money from or that simple concepts are going to part you from your money.
Learn to develop your own concept, that is your edge!! That no one looks at the market like you do will provide you with a strategy that no one can beat. Question your market understanding non-stop, tear apart your own ideas about the market with good sound logic and have a lot of fun doing it.
This stuff is alot of fun to figure out you know, don't forget to enjoy the journey and to keep your money in your pocket until you figure things out for yourself.

Have you found the truth?

[clmacdougall]

MM, my experience has been a little unique in the sense that I started studying the markets in August of 2006 at the same time that my job came to a grinding halt. I studied for about 13 hours a day for the first 3 years and then 8 hours a day for 4th year and now I average about 2-3 days a week of 8 hours per day study.
My family has been incredibly supportive through it all, without that it would have been impossible for me to carry on.
I've gone through over 100 books and probably thousands of articles plus some overpriced systems that were useless. I've now drawn my "own" conclusions about the market and how it works and am really enjoying myself, I think I have found the truth but am looking to learn more. If you're trading without peace don't trade at all, wait until the peace comes first then trade. Peace is a good sign that you now know enough to begin.

[MightyMouse]

Originally Posted by clmacdougall »

MM, my experience has been a little unique in the sense that I started studying the markets in August of 2006 at the same time that my job came to a grinding halt. I studied for about 13 hours a day for the first 3 years and then 8 hours a day for 4th year and now I average about 2-3 days a week of 8 hours per day study.
My family has been incredibly supportive through it all, without that it would have been impossible for me to carry on.
I've gone through over 100 books and probably thousands of articles plus some overpriced systems that were useless. I've now drawn my "own" conclusions about the market and how it works and am really enjoying myself, I think I have found the truth but am looking to learn more. If you're trading without peace don't trade at all, wait until the peace comes first then trade. Peace is a good sign that you now know enough to begin.

Sure it takes some time to muddle through the BS and then more time to expunge the BS that you learned. Also, time to figure out how you like to trade, who you want to trade with and against, how to know if there is money to be taken, etc.

[Tradewinds]

Originally Posted by clmacdougall »

I studied for about 13 hours a day for the first 3 years and then 8 hours a day for 4th year and now I average about 2-3 days a week of 8 hours per day study. . . . . I think I have found the truth but am looking to learn more. If you're trading without peace don't trade at all, wait until the peace comes first then trade. Peace is a good sign that you now know enough to begin.

Thanks for sharing about how much time and effort it has taken to get to where you are now. The effort I've put into trading is similar. I'm going into year 4 now. I'm looking for that peace.

[Tradewinds]

I am reading Rande's book, and becoming aware of thoughts and behaviors that I previously didn't consciously realize. The most recent revelation is that I have been seeking certainty from the market, which is a very random and uncertain place. To seek certainty from something like the market, puts me at an automatic disadvantage. It creates the exact opposite perspective that I need to have. Even though I "know" that I can only receive what the market is willing to give me, I tended to view that only in terms of price action, and not feelings and thoughts that can trigger while I'm trading. I look for certainty in terms of taking profit to early, or wanting to win 90% of my trades. In my quest for certainty from the market, I sacrifice opportunity to a desire for feeling safety.
Now I am at least knowledgeable of what I mindlessly do. From this new realization I can work on recognizing my impulses to seek safety and remind myself that seeking safety might be sacrificing opportunity IF I am contradicting my trading plan.