|janpec1000 ||Dec 5, 2018 4:36pm | Post# 6155 |
According to me this is probably the best ff thread. And of course not followed by many
Janpec1000 I would like to thank you for posting here your trades every day. I'm learning a lot. I don't it this has benn already asked you but: where did you learn to trade?
Hey emicovi, impossible to give answer to that within one line. Would be like asking someone where did you learn how to think. You grab 90% useless knowledge from many sources around (assumptions, not tested), learn how to keep 10% of good infos, then keep repeating that. Then keep recycling over and over again, learning, testing, accepting / rejecting. Repeat. 1000s of sources of infos, in financial markets most people have theoretical knowledge and not practical / executable knowledge and it takes time to filter trough it. You start by random books, films, vids, opinions, and then the more you test the more you progress upward. And if you do it right 5 or 10 years down the road you should only have few people in your contact list that are above you to learn from, if you have more something is off, not enough time or research has been input into. But when you start you start everywhere. Because when you are green you dont know what is red, takes time to realize it, and experiance.
Best answer to give to that is: how do you progress when you begin? And the answer is first to learn and absorb, and the second is to test. Test peoples and your own opinions, and then see if reality aligns over 100s of repetitions to it. If you cant find 100s of replays, forget about it, unless you are hedge fund you will be in the gombles too much. As retailer focus on very frequent pattern. You need data.
And beyond that, there are few people that you usually forget about or neglect that contributed a lot of insight but you just forget about. That will be true for everyone. I can think of few in FX and also in equities. Shameful display but just a human nature that especially guys want to claim their insight as their own findings and not putting the finger on whoever else contributed to that. Not sure why, maybe just core biology of surivival, alpha survives either by faking or being true.