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Trading is first and foremost a mental/psychological game, not a "code"
game. A good system or methodology will not transform you into a trader,
and this is a fact that EVERY aspiring trader will eventually discover. And
unfortunately it is usually the hard way.
Those of us who have been through the process are intimately aware of this
and tend to be empathetic towards those who are just beginning the learning
process. However, the patience level tends to be rather thin with those who
believe they can buy a system on a Friday and magically start making money
on Monday. And the patience level becomes even thinner when the approach a
newbie employs is one of asking for a handout rather than a hand up.
Trading is a very individual endeavor and you need to discover both who you
are as a person and who you are as a trader. There are many ways to trade
successfully and you need to determine which markets, timeframes, etc. are
suitable for your personality, schedule, available capital etc. I would
also suggest you spend far less time on learning how to program and far more
time on both learning how to read a chart (PRICE) along with the
pschysological aspects of trading.
Another recommendation would be to try and find a mentor although this is
easier said than done. But there are a few who are genuine and actually
know what they are doing and will work with those with the proper attitude.
Personally I wouldn't work with anyone who you can't observe trade in
real-time (especially if daytrading is your preference). This allows you to
see for yourself if that person knows what he/she is doing, how they handle
different situations, their personality, etc. But most importantly it
allows you to see their approach to trading and style of trading so you can
determine if it is suitable for your personality.
Learning how to trade is a very lengthy process, and one that is measured in
years not weeks or months. In the end your ultimate success is determined
by your ability to execute which in turn is dependent upon your ability to
think clearly and make decisions under pressure. Unfortunately everyone
takes this aspect for granted (I sure did), but I promise that you will
discover one way or the other that it is in fact the most challenging part
of learning how to trade.
Just my 1 cent,
Bobh
----- Original Message -----
From: "Robin Willaims" <robinwilliams15@xxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Sunday, July 29, 2001 3:49 AM
Subject: Bruce Gagnard Trading System - Got a question for everyone
> Hey All
>
> Calm down!
> All of you were beginners at one point or other so what's the problem?
>
> Up to now I have been a slient reader, I am newbie to TS but not to
> investing. Soon after I joined this list I was approached in respect of
> trading systems costing $$$.
> I entered into correspondence, not because I was looking for an easy way
to
> make money, or become a millioniare over night, I wanted to find out what
> was available out there. I am not naive,I know there is no such thing as
> "holy grail". Easy Language is not so easy and TS is
> a beast. Those of you who are more experienced what support do you offer
to
> newbies?????????????????????????other than rip them apart. No one has a
> right to slam anyone.
> Now let us have some positive comments and do something constructive, like
> some of you posting your successful trading systems ( I am interested in
> futures) here and generating a discussion as to why the success, what
makes
> it tick etc.
> We "newbies" need support and guidance and I for one ask for it!!
>
> Thanks
>
> Robin
>
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