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[USER=80472]@Rsthree[/USER] there is already a flood of educators with much more experience than me.

The "Dump it here" thread is a collection of posts that have been helpful to me in my trading
I vividly remember back in 2013 only one forum member was willing to help while others wanted to belittle "someone new". I had trouble understanding the basics of trading from a business sense.

Let me quote a few passages from a good educational book
Let's start with mature traders, those who’ve been around the block or two. Over time your views will change, soon realising that the secret to trading successfully is "staying in the game" & not necessarily making a lot of money quickly but compounding it over time. Beginners tend to gyrate from one idea to another based on what they think is going on in the market or what they have read.

Markets
Markets are highly efficient, but not perfectly so. Having a Trend Following system with a trading strategy exploits the inefficiencies over time. Trading has a natural ebb & flow that affects everyone emotionally when they persist in one way or the other, most traders want calm & servility but this is the wrong mindset to have, as traders we need chaos & volatility.

Trading is easy, making money trading is the difficult part
Trading consistently & successfully is even harder, which is why the majority of people who try to make money from trading fail. Slow, steady & methodical trading will win the race as there is never, ever, overnight success. Every strategy & every trader will have periods of good performance & periods of poor performance, yet beginners tend to worry about the short term ups & downs of their account.

Patience
For a strategy to work, you need to be patient as it can take months for a strategy to develop into profits. That's just the nature of the beast. It's very difficult for anyone (not just me) to say if a strategy is a good one or not for "you" since it all depends on the kind of trader you are & what's your maximum "pain" level when things start to go not as expected.

I'm not an expert by any means
A successful profitable trader, yes.

My views are not always correct but that's not the point of this thread
The point is for others to have their say & expand on a post by adding their slant or point of view - that's how we learn & help others. I can honestly say, I've tried my best.

Skate.

<blockquote data-quote="Skate" data-source="post: 1105881" data-attributes="member: 57364">[USER=80472]@Rsthree[/USER] there is already a flood of educators with much more experience than me.The &quot;Dump it here&quot; thread is a collection of posts that have been helpful to me in my trading I vividly remember back in 2013 only one forum member was willing to help while others wanted to belittle &quot;someone new&quot;. I had trouble understanding the basics of trading from a business sense.Let me quote a few passages from a good educational book Let&#039;s start with mature traders, those who’ve been around the block or two. Over time your views will change, soon realising that the secret to trading successfully is &quot;staying in the game&quot; &amp; not necessarily making a lot of money quickly but compounding it over time. Beginners tend to gyrate from one idea to another based on what they think is going on in the market or what they have read.MarketsMarkets are highly efficient, but not perfectly so. Having a Trend Following system with a trading strategy exploits the inefficiencies over time. Trading has a natural ebb &amp; flow that affects everyone emotionally when they persist in one way or the other, most traders want calm &amp; servility but this is the wrong mindset to have, as traders we need chaos &amp; volatility.Trading is easy, making money trading is the difficult part Trading consistently &amp; successfully is even harder, which is why the majority of people who try to make money from trading fail. Slow, steady &amp; methodical trading will win the race as there is never, ever, overnight success. Every strategy &amp; every trader will have periods of good performance &amp; periods of poor performance, yet beginners tend to worry about the short term ups &amp; downs of their account.PatienceFor a strategy to work, you need to be patient as it can take months for a strategy to develop into profits. That&#039;s just the nature of the beast. It&#039;s very difficult for anyone (not just me) to say if a strategy is a good one or not for &quot;you&quot; since it all depends on the kind of trader you are &amp; what&#039;s your maximum &quot;pain&quot; level when things start to go not as expected.I&#039;m not an expert by any meansA successful profitable trader, yes.My views are not always correct but that&#039;s not the point of this threadThe point is for others to have their say &amp; expand on a post by adding their slant or point of view - that&#039;s how we learn &amp; help others. I can honestly say, I&#039;ve tried my best.Skate.</blockquote>

[QUOTE="Skate, post: 1105881, member: 57364"] [USER=80472]@Rsthree[/USER] there is already a flood of educators with much more experience than me. [B]The "Dump it here" thread is a collection of posts that have been helpful to me in my trading [/B] I vividly remember back in 2013 only one forum member was willing to help while others wanted to belittle "someone new". I had trouble understanding the basics of trading from a business sense. [B]Let me quote a few passages from a good educational book [/B] Let's start with mature traders, those who’ve been around the block or two. Over time your views will change, soon realising that the secret to trading successfully is "staying in the game" & not necessarily making a lot of money quickly but compounding it over time. Beginners tend to gyrate from one idea to another based on what they think is going on in the market or what they have read. [B]Markets[/B] Markets are highly efficient, but not perfectly so. Having a Trend Following system with a trading strategy exploits the inefficiencies over time. Trading has a natural ebb & flow that affects everyone emotionally when they persist in one way or the other, most traders want calm & servility but this is the wrong mindset to have, as traders we need chaos & volatility. [B]Trading is easy, making money trading is the difficult part [/B] Trading consistently & successfully is even harder, which is why the majority of people who try to make money from trading fail. Slow, steady & methodical trading will win the race as there is never, ever, overnight success. Every strategy & every trader will have periods of good performance & periods of poor performance, yet beginners tend to worry about the short term ups & downs of their account. [B]Patience[/B] For a strategy to work, you need to be patient as it can take months for a strategy to develop into profits. That's just the nature of the beast. It's very difficult for anyone (not just me) to say if a strategy is a good one or not for "you" since it all depends on the kind of trader you are & what's your maximum "pain" level when things start to go not as expected. [B]I'm not an expert by any means[/B] A successful profitable trader, yes. [B]My views are not always correct but that's not the point of this thread[/B] The point is for others to have their say & expand on a post by adding their slant or point of view - that's how we learn & help others. I can honestly say, I've tried my best. Skate. [/QUOTE]

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