DionysusToast
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The lady doth protest too much, methinks
There are 2 different approaches suggested in this thread.
1 - Use pure math, sit in a darkened room for 8 years figuring out a mechanical system that resolves the markets. After this 8 years, turn $9K into $14 million in 6.75 months.
2 - Find out what causes intra-day moves, spend the time to learn how to read buying/selling pressure. Use this skill for you bread & butter trading.
We all know that most people attempting to follow path 1 would both fail AND spend a large chunk of their lives reaching that failure point. Consider it similar to wanting to be the next Robbie Williams, the desire will not be enough. Raw talent and a large element of luck would be required if the approach were actually possible.
People wanting to follow path 2 would get there in perhaps 6-9 months and then have a skill they could apply on a daily basis with a reasonably small amount of effort on a daily basis. They would also have time to research other opportunities. More importantly, they would have a lot of hands-on experience at this point.
If you asked most people where they will be in 6 days time at 4:33pm, they will struggle to answer. If you asked people where they will be in 10 minutes time, they will easily answer. So it is with the markets. Trading the extremely short term is a very different skill from trading the longer term.
There are 2 different approaches suggested in this thread.
1 - Use pure math, sit in a darkened room for 8 years figuring out a mechanical system that resolves the markets. After this 8 years, turn $9K into $14 million in 6.75 months.
2 - Find out what causes intra-day moves, spend the time to learn how to read buying/selling pressure. Use this skill for you bread & butter trading.
We all know that most people attempting to follow path 1 would both fail AND spend a large chunk of their lives reaching that failure point. Consider it similar to wanting to be the next Robbie Williams, the desire will not be enough. Raw talent and a large element of luck would be required if the approach were actually possible.
People wanting to follow path 2 would get there in perhaps 6-9 months and then have a skill they could apply on a daily basis with a reasonably small amount of effort on a daily basis. They would also have time to research other opportunities. More importantly, they would have a lot of hands-on experience at this point.
If you asked most people where they will be in 6 days time at 4:33pm, they will struggle to answer. If you asked people where they will be in 10 minutes time, they will easily answer. So it is with the markets. Trading the extremely short term is a very different skill from trading the longer term.