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Agreed!
kevin
----- Original Message -----
From: "crazy12331 e reply" <crazy12331@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, November 15, 2001 8:20 PM
Subject: Re: [RT] Courses
> Steve W:
>
> I am a CPA, well educated and experienced. I went into trading full-time
5
> years ago, able to afford (sort of) the learning time. I, however,
thought
> I was better and smarter than most, cautious and street smart (no pun
here).
> Certainly I'd have this thing down in a year or so.
>
> Five years later, I'm getting a handle on things. I agree with prior
posts:
> you can get fabulous information FREE from the web, and the library.
> Until you have watched, and lost some (I have kept this part fairly low,
> thank God), and watched and studied, until you can get a "feel" for what
> you're seeing, and somewhat "understand" what's happening, any serious
money
> you spend will be a complete waste.
>
> I think until you get to the "feel/understand" part, WHICH HAPPENS ONLY
WITH
> EXPERIENCE AND WATCHING, any serious mentor or course money you spend is a
> waste. You need a feel as to how the market "moves", where it reverses,
> context, graph reading, incur losses, various instruments to trade and not
> to trade, temperament tolerance, your reaction time, incur losses,
> interpretation, control of greed/fear, ability to resist quick solutions,
> patience, incur losses, study, reading, trial and error, observation,
incur
> losses, time frames, losses, more patience, money, more study, losses,
more
> reading, resist MASSIVE amounts of BS, more correspondence, losses, etc.
> etc. etc.... more than enough to have filled five years for me, and I'm
just
> getting it, finally (I think).
>
> So this, a dose of the straight stuff from one who thought I could by-pass
> the route so many others fell into. Trading is a profession and a SKILL,
> and like any other, you need to develop that skill, which reaches so many
of
> the corners and crevices which are you and your own personality. This
> lesson will teach you about as much about yourself as you'll want to know.
> Its a fabulous pursuit, but one which must be looked at as incredibly long
> and tough, but also very, very rewarding.
>
> In short, after putting in your time, you'll recognize which courses are
> helpful and which are just hype. Until you know enough to recognize this,
> you're not ready for one.
>
> Best of good fortune,
> Dave
>
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