spartan666

Interesting posts and comments. Started trading (Tech) about 1 1/2 years ago by training my brain as a share dealing neural network i.e staring at screens day after day. At the end of my first year I was up 101% making well into six figures, the following six months there was a correction and my return dropped to 75%, though the capital investment was higher. The anxieties induced by volatility were too much for me, e.g. if i exited a position and it went up or entered and it dropped i would critisise myself and hence came to the conclusion that day trading/swing trading wasn't for me as my temperament is more as an investor than a trader. Since taking that approach i am a lot happier. Below is a summary of my experience a) Share prices have no inertia and hence they operate in a manor that the human brain isn't suited too hence computers would be better for short term trading. b) You are competing against computers and institutions that have a massive advantage over you, you are probably not going to win. You therefore need to understand how they work or play in a enviroment they have little interest in. c) At first i watched all the news programs and took note of the 'experts', it took me 6 month to realise that news opinions are a waste of time, and most experts don't know what they are talking about (assuming their opinions where their actual opinions, of the 18 expert predictions i noted down not one was correct) d) You need to find what type of time frame you are comfortable entering and exiting in. E.g. If you are predominantly a natural investor there is no point trying to predominantly day trade and if you are predominatly a natural day trader there is no point trying to predominatly be an investor. e) Have little confidence in techicals, fundimentals are far more important.