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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

If you enjoy the podcast, one of the very best things you can do for me is to leave me a review on iTunes here.

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: