Looking for a Start

[abielecki 10]

Hello All,

 

Im looking for a start in trading, to see what ascpect of frequent/ "low but often" profit fits my lifestyle best.

 

I am very interested in swing trading am looking for a place/ mentor, etc to find and learn about time proven strategies/ processes and to select one that best fits my personality, financial goals and time available to dedicate to this "lifestyle" change.

 

I have been a part of many various forums (outside of the financial world) in the past and know the value of a really good one('s), in both learning and contributing.

 

Personal insight, a glance at:

people person

engineer: love data, learning, building, processes and experiencing the results.

4 great kids (2 off to college) and a great wife

love boating 50% building up electronics etc., accumulating fishing/navigation knowledge, etc and 50% running it - fishing in/off shore and the whole marina thing.

 

So as I embark on this new interest/journey, and the need to supplement my income I just want to thank in advance all those that will help me along the way, with the intent to give back at some point as well.

 

Best Regards,

Andrew

[Mysticforex 13]

Welcome Albiecki,,

 

I too love boating. Statrted out in the Merchant Marine, and have ownwd boats all my life. Currently have a 100 Ton Masters License.

 

I love Trading as well. Only Forex. If you have questions don't be afraid to ask.

[UrmaBlume 10]

Mystic,

 

I didn't know you were licensed. Mine reads:

 

MASTER OF STEAM OR MOTOR VESSELS OF NOT MORE THAN 1600 GROSS REGISTERED TONS (DOMESTIC) 3000 GROSS TONS (ITC), UPON OCEANS; ALSO RADAR OBSERVER - UNLIMITED; ALSO OPERATOR OF UNINSPECTED TOWING VESSELS UPON GREAT LAKES AND INLAND WATERS

 

While currently boatless attached is a pic of my last boat while in Hawaii after a sail from San Diego.

 

Our new member seems to be of the opinion that success in trading in any time frame is merely the selection of a system and a bit of coaching.

 

I believe he should be aware of the following from another post:

 

In trading, being right is and always has been more important than being big/rich.

 

You should know, however, that barring divine intervention or spontaneous intellectual combustion, it WILL take some money, a lot of time and effort and even with years of effort your odds of ever making long term profits are greater than 20 to 1 against.

 

Few have the stamina for a trail that often includes years of disappointment and even fewer have the instinct or intellectual capacity to even have a chance at long term success.

 

There is nothing that says that you can't be one of the few. But before you embark you should consider who the very, very few are that make all the money and their level of experience and resource.

 

The competition for every dollar of trading profit is fierce. Your competition is not the posters on this or any other forum, it is the traders in high tech trading rooms and organizations like Goldman who are backed by legions of engineers, software developers, banks of servers and billions of dollars.

 

The odds of anyone spending a few months reading books and forums and practicing with a few thousand dollars worth of hardware, data and software and succeeding are way worse than 100 to 1 against.

 

 

Cheers

 

UrmaBlume

[Mysticforex 13]

Mystic,

 

I didn't know you were licensed. Mine reads:

 

MASTER OF STEAM OR MOTOR VESSELS OF NOT MORE THAN 1600 GROSS REGISTERED TONS (DOMESTIC) 3000 GROSS TONS (ITC), UPON OCEANS; ALSO RADAR OBSERVER - UNLIMITED; ALSO OPERATOR OF UNINSPECTED TOWING VESSELS UPON GREAT LAKES AND INLAND WATERS

 

While currently boatless attached is a pic of my last boat while in Hawaii after a sail from San Diego.

 

Our new member seems to be of the opinion that success in trading in any time frame is merely the selection of a system and a bit of coaching.

 

I believe he should be aware of the following from another post:

 

 

 

UrmaBlume

 

She is a Beauty. A Ketch or a Yawl? I could never remember, something to do with the position of the aft mast in relation to the helm.

 

My ticket simply reads, Endorsements: Radar, Towing, Sail.

[UrmaBlume 10]

She is a Beauty. A Ketch or a Yawl? I could never remember, something to do with the position of the aft mast in relation to the helm.

 

My ticket simply reads, Endorsements: Radar, Towing, Sail.

 

It's a ketch. It is not about the helm but rather the rudder post. In a yawl the mizzen is aft of the rudder post, in a ketch forward.

 

The only reason that there were so many "split rigs" in the past has to do with sail size and sail handling. Now that all but the spinnaker are on rollers the trend is towards cutters. The difference between a cutter and a sloop is that the mast is in the middle of the boat in a cutter.

 

I think the one endorsement you should be looking for is "Upon Oceans."

 

UB