For the beginning trader, here are some thoughts and ideas for the first steps of your journey. For a developing trader, or for the successful trader, here is an invitation to take a few steps back and look at everything with beginner’s eyes. Here are the show notes for episode 1 of 2:
Who is this blog for? Everyone, but you’ll get something different out of it.
What do we mean by trading/investing
- Not separate activities–there is not the division we often assume
- Investing: longer timeframe
- Active trading shorter timeframe
Timeframe
- Advantages to both long and short holding periods
- Daytrading is hard
- “swing trading”
- Long-term swing trading
- Investing
- Indexing
What you need (eventually)
- Edge
- Capital
- Ability to apply edge with discipline
What you need (to get there)
- Time
- Right attitude
- Learning skills (ability to learn)
- Capital
- Quantitative skills
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Also, if you like the music for this podcast, then be sure to check out Brian Ashley Jones, my friend, and a fantastic singer-songwriter.
Enjoy the show:
Thank you ! In addition to above 3 points of ‘ What you need ‘ IMHO We need to learn the ecosystem of the markets.