Have You Read Remeniscences of a Stock Operator?

That word is a mouthful isn’t it!?   Been hearing about this book for a long time but prefer to listen to books instead of reading, finally got the audio book version today. If you’ve been trading for a while and have had your ups and downs along the way it’s a big reminder of how intense this work can be.

Making the step from being a gambler to a trader is  HUGE.  If you’re a bit stubborn like me you probably have blown up a few accounts along the way, the gunslinger approach =)  I blew up 4 micro accounts in my first year.  All I knew is that I wanted to trade and so I took a bunch of video courses learning various indicators and techniques. Trying system after system with limited success, day after day, month after month, it was equally humbling and frustrating. Feeling a bit stupid that I hadn’t mastered this in a few months  : ) 

My feeling at the time was that the majority of the “systems” I found were mostly scams which didn’t work, but looking back I see that it was also that they either didn’t match my personality or that they were only for good for certain types of markets and I wasn’t yet aware of if the market was trending, range-bound, on a pull-back or retracement, etc.

 Like Jesse, I wanted to understand this game really well and master it, become a great trader… Well it has been an amazing journey,  learning and re-learning (and un-learning!), making mistakes sometimes the same one again and again and still moving forward. I realized that I was 100% committed to making it and trading to win and there has been no question of if, just when.  If you’re 100% committed then you will make it.  The only word you need is: Further.

This year I have found Ichimoku and for me it is the perfect methodology. I’ll be sharing how I trade Ichi soon as there are a few strategies under the main methodology. Ichi is a trend-following method, you don’t get to sell the tops or buy the bottoms but you get in good part of the move with high probability. You know when to get in, when to exit , which markets to trade and why. That’s one of the best parts in my opinion, I don’t want to be an emotional trader, I want to be an experienced aware mechanical trader with attention to the details that matter.