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Reaver
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Everything posted by Reaver
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Thanks Torero I appreciate it man!
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I agree. While of course with trading being treated as a business, it is always necessary to have a profit goal, I believe that setting profit quotas, etc is something to be worries about only after you know you are consistently profitable (I'm not saying you aren't already, just speaking in generalities). My idea is to trade as an adjunct to my normal job (I work 1-930 at night, so I can be present in the market to observe, etc) until I know I have built enough capital and consistency to make it full time. By that point, I plan to have set up a business model including profit goals, etc. Sorry if I went off on a tangent.
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What is the best, most simple way to get yourself set up as a business, so you can account for trades, etc separately, as well as account for expenditures such as education and equipment such as computers, etc? I was thinking LLC is best, but I wanted to ask in case someone had some input since I am not sure what to do! Any input is appreciated.
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Soultrader and co. Glad to be a part of this community. I am very impressed with the layout of the site and the generosity of Soultrader and the forum members to help each other out and share information. I look forward to contributing as much as I can. Thanks again for an excellent site.
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Seeking 1-on-1 guidance/mentor/coach to set up Level II DAT & training.
Reaver replied to gr8pcman's topic in Beginners Forum
SoulTrader is right, as a matter of fact John Carter states in his book that he doesn't even look at LvII data because it is unreliable. He stated it is used to manipulate prices and fake out traders. I don't know enough about lvII to comment, but that is what he states in Mastering The Trade. Hope that helps. -
I recenty signed up for the Cisco course. I am inpressed so far. The guy (Don Jones) definitely knows his stuff! Any lags in learning is coming from my part since there is so much material! I recommend reading all the free stuff on the site for a start, and the Mind over Markets book SoulTrader recommends, then perhaps moving to the course if that's what you'd like to do. I just started a week ago, so I don't know much about it all yet, but I'll fill you in as time progresses if you have any questions. Good luck.