Hi Benj,
Like you I am a relative newbie to trading. Following your thread one gets the sense that you have started with the zeal and ambition needed - although your recent detours into other subjects suggests you have lost (or are losing) some focus?
Whether this is so or not you come across as a warm-hearted individual - which is why I have written
.
Even before the detours though, your attempts to learn about trading did indicate a lack of
planning and purpose for the learning phase - before you start trading that is. Like many of us newbies you seem to be floundering - also, going from one thing to the other.
May I suggest that to have a proper sense and framework for
the factors you need to have taken into account to
define your own trading journey you spend a little time with Trade2Win's
Trading Plan Template (thankfully provided by Tim Wilcox).
The template will enable you to know the questions you need to answer
for yourself in order to start trading. Its greatest value lies in the sense of orientation to
planning a path for yourself; it is after all only a template and in effect you have to 'fill it in' according to where you are coming from, and where you want to go. Having a template will also bring focus, and an orientation in time (rather than it all happening jumbled up in your head
). Also, you are then less likely to be misled, either by yourself, or by others.
The Trade2Win
Trading Plan Template is available at:
Trading Plan Template. The download link for the PDF is about half-way down page.
Wishing you well.