Thread: New Trader
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Old 05-20-2008, 12:35 PM
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David Waring David Waring is online now
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Hi Bradley,

Thanks for your compliment I am glad you like the videos.

All of the questions that you have asked below are good ones, however in my opinion these are questions that you need to answer for yourself. What I try to do with my videos is give you the structure which allows you to try different things out and figure out what works for you.

There is a great book which I highly recommend for traders who are new to the markets called Market Wizards In this book trader and author Jack Schwagger interviews a bunch of the worlds top traders about their methodologies and keys to trading success. Throughout the book he interviews traders who trade on nothing but fundamental analysis, technical analysis, short term traders, long term traders, traders who trade only commodities, etc etc etc.

At the end of the book he says that the one thing that really struck him as the common element to all of these traders who had such varying styles success, was that they had developed a strategy that they believed in and that fit their personality.

So while I know it is tempting to have other people tell you what you should do, I think you will find that although it is a longer road, you will be much more successful if you take the basic framework that is outlined on this site and others and use that to test a bunch of stuff out and answer the questions that you have asked below for yourself.

Hope that helps.

Best Regards,
Dave
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