Changes for page If I Could Go Back and Tell Myself What I Know Now

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5	5	== {{id name="Part1"/}}Part 1 - Where Would I Focus ==
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7	7	1. Don't Seek the Approval From Others
8		-People will not understand and will impede your progress with negative reinforcement.  No one cares, or will be jealous of what you are trying to do.  Do it for yourself, not for anyone else.
	8	+- People will not understand and will impede your progress with negative reinforcement.  No one cares, or will be jealous of what you are trying to do.  Do it for yourself, not for anyone else.
9	9	11. Family
10	10	11. Friends
11	11	11. Co-Workers
12	12	11. Strangers
13		-
14	14	1. Learn Risk Management First
15		-You will lose money.  That's the only guarantee.
16		-11. Appreciate % Over $ Gain/Loss - the dollar amount doesn't matter as much as the %
17		-11. Learn to Limit Trade Frequency - Don't turn a win into a loss.  The more trades you make, the more losses you will get
18		-11. Avoid Short Term Into Long Term - That's a good way to turn a winner into a loser. Stick to your rules and targets.
19		-11. Be Content With Enough -
	14	+- You will lose money.  That's the only guarantee.
	15	+11. Appreciate % Over $ Gain/Loss
	16	+- the dollar amount doesn't matter as much as the %
	17	+11. Learn to Limit Trade Frequency
	18	+- Don't turn a win into a loss.  The more trades you make, the more losses you will get
	19	+11. Avoid Short Term Into Long Term
	20	+- That's a good way to turn a winner into a loser. Stick to your rules and targets.
	21	+11. Be Content With Enough
	22	+- Like #2, you're going to push your luck and lead to more losses.
	23	+1. Prevent Life Imbalances
	24	+- What's the point if you're ignoring your family?  This profession will suck your life away.
	25	+11. Manage Family Time & Schedule It
	26	+- This should always be first
	27	+11. Keep a Study & Trade Schedule
	28	+- You don't want to become an addicted gambler.  Keep a schedule.
	29	+11. Off Days are OFF Days
	30	+- Stick to it, or you'll lose your family time bit by bit
	31	+11. Be Patient With Your Development
	32	+- Be realistic with your goals, but it takes time.  But it's not worth what you will lose, and that's time you cannot get back regardless of the amount of money you earn
	33	+1. Stop Buying Retail Logic & Tools
	34	+- Retail logic is designed to make you fail, so why buy them?
	35	+11. Stop Wasting Money On Books
	36	+- They don't have the secret.  Good books? Consider (need to check all these references)
	37	+111. For money management, everything from Ralph Vince and Ryan Jones, the do a lot of "optimal f and kelly criterion" (check, not sure what this is) - advanced topic
	38	+111. "How Many Million Dollars Trading Commodities Last Year" a 70's book from Larry Williams, most of which is still relevant - teaches about smart money and how it influences the market
	39	+111. Trading for A Living by Al * Elder
	40	+111. Market Wizards 1 and 2 just for inspiration
	41	+111. Street Smarts by Linda ?Rash and Larry Conners
	42	+111. Technical Analysis of Financial Markets - John Murphy - Retail Traders bible - do the opposite of this and you will find the charts more fun to watch because of the high degree of failing.
	43	+11. Avoid Looking for Hot Hand Gurus
	44	+- you won't make money doing this.  At best, you'll become codependent instead of a thinking trader
	45	+11. Become Your Own Signal Generator
	46	+- you have to learn, and then trust your own judgement, otherwise you end up stuck looking for someone else to tell you how to trade - and that'll lead to further losses.
	47	+11. Be Willing To Lose... A Lot Early On
	48	+11*. it's part of the learning and you don't know what you're doing.
	49	+11*. It's unavoidable and you'll be wrong a lot.
	50	+11*. Don't trade with live funds until you know what you're doing.  You cannot lose money this way.
	51	+11*. Losing is normal.  Control them, and over time you'll make more than you'll lose over the long term
	52	+11*. It's ok to lose, as long as you continue learning to avoid the mistakes you previously made
	53	+1. Stay Away From Social Media Drains
	54	+- don't let others influence your trades.  make your decisions.  if you let others control your trading, it will lead to further failures.
	55	+11. Don't Join Trading Clubs
	56	+- Don't join the hive.  everyone has their own trading profile and the group may not be your own style.  make your own analysis
	57	+11. Don't Subscribe To Alerts
	58	+- Just like taking signals, it takes the power of the trade away from you and into someone else's hands.  Be responsible for your own trades.  Otherwise, you are gambling.
	59	+11. Don't count other people's money.
	60	+- You will never learn to trade doing this.  You will not develop the skills. You're chasing other people's money.  You can't spend their money.
	61	+11. Don't Feel Insignificant By Contrast
	62	+- measure against your own success, not the success of others.  Not everyone is what they claim to be
	63	+1. Match Your Style To Your Personality
	64	+- Learned from Larry Williams.
	65	+11. Scalp If You Make Quick Decisions - If you're a scalper, you'll do great if you make quick decisions.  Don't do it if you can't
	66	+11. Short Term Trade If You Can Sleep - If you can hold a trade overnight without losing sleep, then you can short term trade
	67	+11. Don't Force Yourself Into Any Mold - Be what you are, and maybe develop the other skills later
	68	+11. Don't Try To Copy Someone - they are not you, you are not them.  Their strength are not yours.  Develop or refine your own models
	69	+1. Don't Change Trading Approaches
	70	+11. Stick With One Approach - master it, it takes time
	71	+11. Avoid System Hopping - you will never master it.
	72	+11. Every Model Loses - Accept It
	73	+11. Find Your Unique Model & Grow With It - Don't tweak it too much once you have it working and is profitable, but work on more advanced money management techniques instead.  If your method wins more often than it loses, better, more advanced money management will greatly improve your bottom line
	74	+1. Settle One One Trade Setup Initially -
	75	+11. Determine Your Asset Class - Pick an asset class and stick with it.  Then inside that class, pick one market and stick with it.
	76	+11. Outline When You Want To Buy - what is the criteria that you feel comfortable for a buy.  Detail your plan, on paper.
	77	+11. Outline When You Want To Short - The same thing applies to shorts.  What are the characteristics and circumstances that would make you short?  Details.
	78	+11. Build Many Study Journal Cases - Many examples of when it worked, and when it didn't.  The more examples the better.  Thus you will train yourself to recognize when the setup happens in live trading.
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22	22	== {{id name="Part2"/}}Part 2 - How Would I Study ==
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24	24	* blah