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Old 30-08-2005, 09:10   #112
mach.25
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Re: The learning cycle for a newbie trader

Thanks to bobnat and soultrader for their excellent posts. I have traded before with Options in AUS, too thinly traded. Also on the NASDAQ in the good old days before someone crashed aeroplanes into various US buildings. Did very poorly in options, quite well on the NASDAQ initially until all the volatility left that market due to the aforementioned event. But it was the lack of #1 education. #2 Not knowing myself more than anything killed me both times. Other people have succeded where I have failed in the past. This forum and the posts made by it's more experienced traders have convinced me that I can do this successfully. But most of all I am glad that most of are bound to make the same stupid mistakes that I have but can still succeed. Glad to know there is still hope for me. Not sure where I rank on the scale but realise that there is probably a long way to go. Living in Australia that doesn't really bother me.
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