For anyone new here, please follow Jim's advice. He's not spewing a bunch of garbage about demoing for AT LEAST 3 months. I've followed this thread for years and have watched Jim, Bundy, Habeeb, Mike, Raczekfx, Seeking, Clockwork, Wizard, Ghous, Jaroo and others trade price action successfully, but they all do it differently. People see things differently. People think differently. People's stomachs react differently to stress. The demoing is not just about learning the price action and pivot zones and money management. Its learning how you handle each of those aspects and how you fit those pieces of the puzzle together. You have to make it your own. Jim has given us the basic building blocks, we just need to fit it into our own personal criteria. In the end, you may end up being a clone of one of the experts that I've mentioned or you may find something a little different that works. The key is the testing. Thats where you will build an understanding of how YOU see things. Thats where you develop patience and the mental capital necessary to win at this game.
Some of you will probably still roll your eyes when you read a post like this. I used to. It took me two years of stubborness to finally demo and really dig into what I was studying. I'm finally seeing results. I'm a lot calmer and patient than I've ever been. I'm doing things with trades that I used to only dream about (holding a trade more than 2 hours comes to mind. Was a professional stock sclaper for 4 years. 15 minutes in a trade was an eternity back then LOL). I still make mistakes and bad trades, who doesn't? But they're a lot fewer and a lot farther between than they used to be. I've finally gotten to the point where I can take a loser and say,"Oh well...Next!"
I've seen a lot of newbies enter this thread lately. We need a post like this every day to pound this into their heads.
Some of you will probably still roll your eyes when you read a post like this. I used to. It took me two years of stubborness to finally demo and really dig into what I was studying. I'm finally seeing results. I'm a lot calmer and patient than I've ever been. I'm doing things with trades that I used to only dream about (holding a trade more than 2 hours comes to mind. Was a professional stock sclaper for 4 years. 15 minutes in a trade was an eternity back then LOL). I still make mistakes and bad trades, who doesn't? But they're a lot fewer and a lot farther between than they used to be. I've finally gotten to the point where I can take a loser and say,"Oh well...Next!"
I've seen a lot of newbies enter this thread lately. We need a post like this every day to pound this into their heads.
& I have been trading naked all this time.. I knew there was a uniform..
