No Chart today as I'm traveling back from Europe. Trading resumes tomorrow.
I have covered quite a bit of what was involved in Kiki's learning to trade in this blog. That was the prime motivation for me starting it until the blog seemed to take on a life of its own.
But where do you start if you don't have someone pointing you in the right direction? I guess, with the internet so prolific, you start with someone else's ideas and see where it takes you.
Trading can be broken down into components - a vision of where the market is going in your timeframe, a setup, a trigger, trade management and the exit.
OK, you're a newby and have no vision and the rest is a tall mountain to climb. How do you eat an elephant? One bite at a time.
You look at the trades posted in the blog and try to reverse engineer the setups. What do the trades have in common? Read the posts and the comments and replies. Then start SIM replay, really slowly. Try and fit the posted trades into the running sequences you see in the replay. Most software has the replay facility and a lot of brokers will let you run a demo account for quite a while. You can also get delayed data from vendors or history from a friend. Kiki used to get up early before work and also when she came home and shared her Dungeons and Dragons' time with SIM replay. Once you get CP on replay you graduate to live SIM.
I have covered quite a bit of what was involved in Kiki's learning to trade in this blog. That was the prime motivation for me starting it until the blog seemed to take on a life of its own.
But where do you start if you don't have someone pointing you in the right direction? I guess, with the internet so prolific, you start with someone else's ideas and see where it takes you.
Trading can be broken down into components - a vision of where the market is going in your timeframe, a setup, a trigger, trade management and the exit.
OK, you're a newby and have no vision and the rest is a tall mountain to climb. How do you eat an elephant? One bite at a time.
You look at the trades posted in the blog and try to reverse engineer the setups. What do the trades have in common? Read the posts and the comments and replies. Then start SIM replay, really slowly. Try and fit the posted trades into the running sequences you see in the replay. Most software has the replay facility and a lot of brokers will let you run a demo account for quite a while. You can also get delayed data from vendors or history from a friend. Kiki used to get up early before work and also when she came home and shared her Dungeons and Dragons' time with SIM replay. Once you get CP on replay you graduate to live SIM.
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