Salutations,
I'm Aaron. This thread is really just a place for me to post and track who I am (becoming) what I do (exactly) and how I do it (consistently). I have no interest in teaching or arguing with anyone. I have a Trade Explorer and it will be up to you to analyze for your own edification. I'm not in this to impress anyone. I'm in this industry to make money like a legitimate business owner should be. What follows is what I essentially understand of my profession to date. I subscribe to the old adage that if you can't describe what you do to a child - in a manner which they comprehend - odds are you probably don't understand it yourself.
As such I make money when I buy at wholesale and sell at retail prices. If you don't understand that that is how profits are made, then I encourage you to never again go to the supermarket or shop for anything - because that's exactly what you're at the other end of as a consumer - and perhaps that's where you should stay.
If you decide to do this for real, then know as a trader, nay brand it into your being that your primary responsibility lies in exchanging a product from a producer to a consumer, which is commerce. In the markets we represent producers and consumers i.e. whether we're buying or selling respectively. Thus we are like blood cells that enable the market to function as a result of the value (money, time and skill) we invest in it. To borrow an aphorism, "[Traders] make it rain!"
As a logical consequence of our actions in this free market economy, our account is the risk we are paid to take in compensation for the potential of loss we may incur at some point in the form of liquidity, whether that's a bank account, stock in a company or some other form of collateral. Liquidity is what allows an exchange to exchange or transfer anything, like oil in an engine - without it you're not going anywhere - fast.
Fun Fact: Retail traders are a unique breed in that they are at mercy of having no contract or benefactor to fund their forays into the marketplace. As such they categorically do not have the means to move most markets. You can usually find them buying after a period of buying or selling after a period of selling. Professional traders use their liquidity to buy or sell in turn, which means they're typically on the other side of their trade.
Producers create the supply. Consumers create the demand. Producers can manipulate demand, but don't cause it. Consumers can manipulate supply, but don't cause it. It's ridiculous to think otherwise. It would be like saying Picasso's art was created by the critics of his work. The critics don't have the wherewithal to do the work he already did, but I digress. It was my mentor whom said, "The markets are an ongoing supply & demand equation." (Sam Seiden, Vice President of Education at the Online Trading Academy)
And if you're looking for sound mentorship, check-out Sam Seiden at FXStreet. It's the beginning of a proper trading education and one that will at least point you in the right direction towards becoming consistently profitable. I had a lot of help along the way, but when I heard Sam's message, it was the next level. I'd be a stooge if I didn't tell you that much before jumping-in here. That said feel free to comment, but don't expect a reply. I'm simply posting and sharing what I do, which is valuable in its own right. Know I value what you all have to say, but some opinions hold more weight than others and make that discernment. I'd be a fool if I didn't.
Let the education begin. If trading could be entertaining, then perhaps that will be the greatest thing I learn from all this. If you want to know a little more about me, then I encourage you to check out my profile here on Forex Factory. Thank you for your time. Best of luck and may love guide you in all your endeavors. Be disciplined. Be focused. Be open. Be patient.
Giving credit where credit's due, a few notables: Sam Seiden (Online Trading Academy/FXStreet), Clockwork71 (Chris on Forex Factory), Mark Douglas (Author of Trading in the Zone, et al.), Brett Steenbarger (Trading Coach and Psychologist) and of course, Steve (@ NoBrainerTrades.com). They were there for major, positive turning points in my career and I will always be grateful for their spirit of sharing and compassion, without which, who I am today would not be possible. I continue to make what they and many others have shared with me over the years into my own. It's our responsibility as traders to carry on the lineage of this ancient, and perhaps one of the first, professions of humanity: Trading.
From my world to yours -
I'm Aaron. This thread is really just a place for me to post and track who I am (becoming) what I do (exactly) and how I do it (consistently). I have no interest in teaching or arguing with anyone. I have a Trade Explorer and it will be up to you to analyze for your own edification. I'm not in this to impress anyone. I'm in this industry to make money like a legitimate business owner should be. What follows is what I essentially understand of my profession to date. I subscribe to the old adage that if you can't describe what you do to a child - in a manner which they comprehend - odds are you probably don't understand it yourself.
As such I make money when I buy at wholesale and sell at retail prices. If you don't understand that that is how profits are made, then I encourage you to never again go to the supermarket or shop for anything - because that's exactly what you're at the other end of as a consumer - and perhaps that's where you should stay.
If you decide to do this for real, then know as a trader, nay brand it into your being that your primary responsibility lies in exchanging a product from a producer to a consumer, which is commerce. In the markets we represent producers and consumers i.e. whether we're buying or selling respectively. Thus we are like blood cells that enable the market to function as a result of the value (money, time and skill) we invest in it. To borrow an aphorism, "[Traders] make it rain!"
As a logical consequence of our actions in this free market economy, our account is the risk we are paid to take in compensation for the potential of loss we may incur at some point in the form of liquidity, whether that's a bank account, stock in a company or some other form of collateral. Liquidity is what allows an exchange to exchange or transfer anything, like oil in an engine - without it you're not going anywhere - fast.
Fun Fact: Retail traders are a unique breed in that they are at mercy of having no contract or benefactor to fund their forays into the marketplace. As such they categorically do not have the means to move most markets. You can usually find them buying after a period of buying or selling after a period of selling. Professional traders use their liquidity to buy or sell in turn, which means they're typically on the other side of their trade.
Producers create the supply. Consumers create the demand. Producers can manipulate demand, but don't cause it. Consumers can manipulate supply, but don't cause it. It's ridiculous to think otherwise. It would be like saying Picasso's art was created by the critics of his work. The critics don't have the wherewithal to do the work he already did, but I digress. It was my mentor whom said, "The markets are an ongoing supply & demand equation." (Sam Seiden, Vice President of Education at the Online Trading Academy)
And if you're looking for sound mentorship, check-out Sam Seiden at FXStreet. It's the beginning of a proper trading education and one that will at least point you in the right direction towards becoming consistently profitable. I had a lot of help along the way, but when I heard Sam's message, it was the next level. I'd be a stooge if I didn't tell you that much before jumping-in here. That said feel free to comment, but don't expect a reply. I'm simply posting and sharing what I do, which is valuable in its own right. Know I value what you all have to say, but some opinions hold more weight than others and make that discernment. I'd be a fool if I didn't.
Let the education begin. If trading could be entertaining, then perhaps that will be the greatest thing I learn from all this. If you want to know a little more about me, then I encourage you to check out my profile here on Forex Factory. Thank you for your time. Best of luck and may love guide you in all your endeavors. Be disciplined. Be focused. Be open. Be patient.
Giving credit where credit's due, a few notables: Sam Seiden (Online Trading Academy/FXStreet), Clockwork71 (Chris on Forex Factory), Mark Douglas (Author of Trading in the Zone, et al.), Brett Steenbarger (Trading Coach and Psychologist) and of course, Steve (@ NoBrainerTrades.com). They were there for major, positive turning points in my career and I will always be grateful for their spirit of sharing and compassion, without which, who I am today would not be possible. I continue to make what they and many others have shared with me over the years into my own. It's our responsibility as traders to carry on the lineage of this ancient, and perhaps one of the first, professions of humanity: Trading.
From my world to yours -