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Showing results for tags 'talent code'.
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I am a beginner trader trying several strategies part time for last 18 months. I started as a value trader, went into selling covered calls during the crash, and have been trying monthly income option selling strategies for last 6 months or so as well as leaning short. Regardless to say I have not had success, but at least have not totally blown out my IRA's. I have decided to stop all trading in live accounts till I get a better handle on what I want to do here and prove to myself that I can do it in a simulation environment. Anyways, day trading in the vain that Al Brooks teaches is appealing to me and I have decided that not being able to trade live (as I will be at work during most trading sessions) may be a benefit to actually learning how to do it. I know I have a lot to learn but feel with time (maybe years), effort and a dedicated deliberate practice routine I can get there eventually. My question to anyone willing to help, is what are some of the specific skills that I need to develop and what are practices that you have used to develop them in yourself. For example, identifying a trend line is a VERY basic skill that I can develop by running a chart and drawing a trend line as soon as I see one. Another example could be learning to estimate a 67% retracement from a move by making a mark where I think it is and then checking it against one is calculated. Anyone who has read Talent is Overrated or the Talent Code, may have an idea of what I am looking for. Any other comments on Deliberate Practice routines in relation to trading are also welcome. Thank you in advance. Jim
