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(All categories will continuously be filled with more lessons.)
These learning tools are about real world markets. Trading and investing is about doing, not analyzing. It’s only through all of the lessons, failures, successes, and experiences which someone has had to endure as a trader, can they understand some of the nuances involved in actual real world trading. It is the only way to have this knowledge. And these learning tools are often about real time trades in which we have had positions, currently have positions, or we just entered. All over the internet most of the lessons and courses being promoted are looking in the rear view mirror talking about the method, when the outcome is already known. And then teaching with this method showing how great it would work. How in the world is that helpful? We just need to know how to get in and get out of trades with net profitability. When any of us enter trades, we have no idea what the stock is going to do. That is the real world, not the fake world looking backwards, when the outcome is known. All the success in markets is about the approach, not the method. The approach includes mostly trading skills, with a method which is a much smaller, but very important part. Charts look a lot different in real time than they do looking in the rear view mirror. Charts “look great” at the highs, and “look horrible” at the lows. These learning tools encompass a real trading environment, the method is not on an island, as is promoted by almost everyone. The method is only a part of the approach to markets. But it is always the method which is taught. Why is that? Because we humans love to sit around analyzing things to death. And why is that? Because it’s a lot easier to sit and analyze than to do, as doing requires us to….do something. Doing things doesn’t require all that much thinking, but it does require planning and hard work preparing. The best traders are the ones who just trade. Yes, there is a lot of work involved, and thinking, but most of the thinking should be done away from the markets. We need to be prepared, and then when the markets are open, we’re ready to act, by being prepared. Because we did the thinking before. We need to know when to use the method, and when to just trade. You don’t need to be a good analyst to be a good trader, you just need to be a good trader to be a good trader. Meaning you need to develop your trading skills, not just your method. And there it is – your approach.
We can’t learn everything about markets all at once, as it takes time. And constantly going over and over the proper things to learn. Ignore everything about markets which conveys a bias. But one thing is for sure, we learn markets most effectively bit by bit. Calm down, work hard, and just absorb, and keep practicing. The most effective practice is doing real trading, but paper trading is also fine for awhile. And keep going over these lessons, do them numerous times. You’ll be shocked at how much more sinks in the third and fourth time you do them. And keep coming back to them as you see something in markets which triggers your memory. More videos/lessons will be added on a continual basis. There are numerous ways to be efficient at trading. Both of us running this website have different methods. One of us is a momentum type of trader, and one of us is a pullback to support/resistance type of trader. But, we both generally have the same approach to markets – and that is the key once again – your approach.
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