MoneyTec Traders Community Forum - View Single Post - The learning cycle for a newbie trader

weissdawg · 17-02-2007, 11:18

I have read many of your posts/threads, and I would greatly appreciate it if you answered a few questions I have for you.

First, let me tell you I have been trading and studying non-stop for 3 years now. I have learned about Elliott Wave, sacred geometry, Andrew's pitchforks, fibonacci, Gann, and numerous indicators. I've watched prices go up and down, almost all day and night long, now for 3 years straight. My point: I am not a newbie.

So now I am at a point where I can make money safely with a few different methods, but I won't be getting wealthy anytime soon nonetheless. So my questions are:

1) You make a lot of money, IMO. Did you take a small account (under $5,000 dollars/euros) and make it big (over $100,000)? If not, what did you start with, if I may ask you?

2) You've stated that TA is bullocks. That statement is very intriguing to me, since it is coming from you. So what then, do you base your decisions on? Or how do you have a system that makes the decisions for you? Is it just your gut feeling?

3) What kind of risk/reward do you use? And what is your money-mangement tactic?

4) What kind of returns/year are realistic?

Thank you.

17-02-2007, 11:18	#24
weissdawg level 3 Join Date: Feb 2006 Posts: 879 Downloads: 0 Uploads: 0 Rep Power: 3	Re: The learning cycle for a newbie trader - PART 2 I have read many of your posts/threads, and I would greatly appreciate it if you answered a few questions I have for you. First, let me tell you I have been trading and studying non-stop for 3 years now. I have learned about Elliott Wave, sacred geometry, Andrew's pitchforks, fibonacci, Gann, and numerous indicators. I've watched prices go up and down, almost all day and night long, now for 3 years straight. My point: I am not a newbie. So now I am at a point where I can make money safely with a few different methods, but I won't be getting wealthy anytime soon nonetheless. So my questions are: 1) You make a lot of money, IMO. Did you take a small account (under $5,000 dollars/euros) and make it big (over $100,000)? If not, what did you start with, if I may ask you? 2) You've stated that TA is bullocks. That statement is very intriguing to me, since it is coming from you. So what then, do you base your decisions on? Or how do you have a system that makes the decisions for you? Is it just your gut feeling? 3) What kind of risk/reward do you use? And what is your money-mangement tactic? 4) What kind of returns/year are realistic? Thank you.