There is such a wise (hehe) phrase: “No one can be taught, but everyone can learn.” Or they also say “experience cannot be passed on.” I know that the optimal way seems like this:
- I read everything that is;
- I learn, “how that works here”;
- I start doing it right right away;
- I get a profit.
But let’s take any industry: a doctor becomes a good doctor only after a huge number of operations. A businessman can become a good businessman if he conducts business for a long time. And not after a large number of books on the topic “what is a business, and how to conduct it.” And even being a good businessman, he will not be able to teach all his chips to anyone else. So far, this “someone” himself will not try these chips in practice many times.
After a certain time, having stumbled wherever it was possible to stumble, and also having made all the mistakes that could only be made (despite the fact that I knew about them, they are public and well-known, but I’m not like that, I don’t I believe), alas and ah, to my deepest regret, I came to a fairly simple understanding. It was available at the BEGINNING. But I just scored, because I did not like it.
Looking back, I can roughly outline the most effective way.
I see him like this:
1. The correct theoretical basis.
Notice, not the theory completely, but just the base. Without explanations of the chart, without interpretation of the chart (here is a major player, there is a crowd, etc.), without any Shakespearean questions like “Trend or correction?”, Pin-bars of indicators and other nonsense. The law of supply and demand + understanding what orders are on the market. Just so that you automatically discard all non-viable semi-scientific or magical theories regarding the movement of prices, and do not spend time on this
2. Many hours of practice.
As much as possible. With any strategy. But for the strategy to BE, and not a million transactions, it is not clear for what reason they were completed. Simply, without thinking, you take and fig. Generally any. It’s possible with indicators, even with Elliott waves and Gann angles and other things that were fashionable there earlier or now. Then, all the same, discard all this, most likely, but first you need it as a fulcrum.
3. The most important and least interesting.
Tracking down what affects my stupidity in trading and fixing it. Stupidity includes:
- non-systemic transactions (you didn’t enter the system because the price was supposed to go up there? You didn’t manage to enter the system and entered a bit later, because anyway, where should you go? Congratulations, they are).
- non-compliance with risk management (you were disappointed that in the last 2 transactions it turned out minus, and you decided to slightly increase the deposit in the next? Have you decided to put a larger lot on a “very good” signal? Congratulations a second time).
- continued trading when the limit for losing trades for a day/week/month is reached (well, I think it’s clear how else our brain can explain to us the feasibility of any stupid and stupid actions).
What is the difficulty of following this “simple” and direct path? The fact that you look at him and see no way at all =) In the sense that it is not clear why he should lead you to success. No guarantees, right? But there is a possibility that you’ll waste a lot of time and get nothing. But when we read about how and where large players enter the market, a certain illusion of guarantees just appears: it seems to the brain that it’s enough to just understand where the major player enters and enter with it. There is a DEFINITION in this approach. And the brain immediately considers the option for the future: so, now I will understand how to track them, then on the chart, I will learn to see them, and there it is in the hat.
What is the difficulty of following this “simple” and direct path? The fact that you look at him and do not see any way at all.
To the great surprise of your brain and you, sooner or later, after ANY attempts to interpret what is happening on the graph, you will come to what some kind of crap comes out: there are no clear criteria to distinguish between a trend from a correction, a crowd from a groats, or a wedge from the “pennant” (figures of technical analysis such) well, etc. But you’ll lose time.
In the path I mentioned, there is no certainty initially. Why would I learn something after 500 transactions? What can I learn there? What can I understand and see there, what I don’t see and don’t understand now? Yes? =) Say hello to these thoughts.
So, in order to somehow brighten up the situation, let me remind you how you learned to walk: were you told about the molecular structure of your legs? About the interaction between the parts of the musculoskeletal system? About the laws of quantum mechanics, in order to make it easier to understand the interaction of elementary particles that make up our body? Yes, even about how to walk, where to put your legs, how to lean on them correctly, maintain balance and center of gravity … Probably not, because at that age you did not understand much, I think. And did you need a person who walks just perfect for training? I don’t think so.