Hey everyone!
Just wanted to get some input from the online world from traders who have much more experience than me. Actually, I have none except for a few months of paper trading, so you have infinitely more experience than me.
Anyways, I really think I'm cut out for trading, quite possibly for a living. Some background about myself:
I hold a BS in Meteorology, so I have a very firm base of math in my arsenal. As a meteorologist, I am consistently dealing with fluctuations, probabilities, standard deviations, trends, etc etc. Even some back-testing when comparing to old storms with similar setups! I am a relatively patient person, but I will admit I do get somewhat distracted easily.
My schedule will allow me to trade nearly every day, thanks to the lovely 3am-12pm shift I work 3 days a week, with Monday and Tuesday being my days off. I really think that my background and formal education will help support a hopefully successful career in trading E-minis (I've only worked with ES so far.)
What I come to you for is advice. Ive read quite a few books, a little on TA, done some paper trading using Ninja Trader while using my father's TI account. I must admit, I see things setting up quite easily.
But I want to do this RIGHT. I need to know my next step. I know I don't have enough capital to go out on my own yet (sitting on about 5k right now) so I want to make sure that I prep well while I save.
I'm thinking that Mark Douglas' books are probably a good next step... correct? I've read time and time again on this forum as well as others that psychology is probably the hardest thing to overcome. I can attest to that, as I made a decent income playing online poker while in college, with many, many losses before I was in the right mindset to win consistently. Again, another reason why I think I can hack it. Any other suggestions for books on this?
So if I go the psych route while continuing to paper trade... where should I go next? I'm in this for the long haul, and I want to do it right. I want to hear from YOU exactly what you think. I'm just glad I have the patience to not jump in while seeking the advice of the people that have been there, done that!
I look forward to all your responses, and I thank you kindly in advance!