Comments on: The Learning Curve http://www.thestockbandit.net/2005/12/19/learning-curve/ Trading blog with trading insights, discussion on swing trading, day trading, and trading psychology. Sun, 20 Jul 2008 13:43:38 +0000 http://wordpress.org/?v=2.0.9 by: TheStockBandit.net » Silence is Golden http://www.thestockbandit.net/2005/12/19/learning-curve/#comment-3686 Thu, 28 Dec 2006 03:40:07 +0000 http://www.thestockbandit.net/2005/12/19/learning-curve/#comment-3686 [...] Learning to rely on yourself as a trader is an important and ongoing lesson. While I would encourage a beginning trader to surround himself with more experienced traders, there are a number of advantages to flying solo once the learning curve passes. Bang your head, not your desk! [...] […] Learning to rely on yourself as a trader is an important and ongoing lesson. While I would encourage a beginning trader to surround himself with more experienced traders, there are a number of advantages to flying solo once the learning curve passes. Bang your head, not your desk! […]

]]> by: TheStockBandit.net » Seeing the Future? http://www.thestockbandit.net/2005/12/19/learning-curve/#comment-21 Thu, 09 Mar 2006 22:45:36 +0000 http://www.thestockbandit.net/2005/12/19/learning-curve/#comment-21 [...] While I think it’s important to be able to locate and use chart patterns and technical analysis for trading, I sure don’t think a trader’s ability to tell the future (or backtest the past) will make him a profitable trader. Chart pattern recognition is certainly helpful to traders, but what about execution? What about psychology and knowing when to ride out a pullback versus recognizing a reversal and knowing when to bail out? The learning curve can be steep. Some things you just have to learn by trading. [...] […] While I think it’s important to be able to locate and use chart patterns and technical analysis for trading, I sure don’t think a trader’s ability to tell the future (or backtest the past) will make him a profitable trader. Chart pattern recognition is certainly helpful to traders, but what about execution? What about psychology and knowing when to ride out a pullback versus recognizing a reversal and knowing when to bail out? The learning curve can be steep. Some things you just have to learn by trading. […]

]]> by: Buck Woodford http://www.thestockbandit.net/2005/12/19/learning-curve/#comment-4 Fri, 23 Dec 2005 06:35:29 +0000 http://www.thestockbandit.net/2005/12/19/learning-curve/#comment-4 couldn't agree more. i started trading solo in april 2003, and thought i'd be living in a 1/2 million $$ house by the end of the year. here i am 2.5 years later.. slightly less financially wealthy but a hell of a lot smarter about tradng, mainly thru "hard knocks" education. haven't made a killing just yet.. but thinking i know how, finally. to summarize.. i feel real comfortable that i can produce 20-30% annual returns with my current style. however this isn't enough to make a nice living just on my capital stake. i am starting an investment advisory firm to take on rich clients here in central Ky with hedge-fund style arrangements.. 1 & 20. email me if you'd like to see my spreadsheet of how this will work out given various assets under mgmt and % return scenarios. my new plan will be a lot more lucrative and viable than attempting to trade my meager $50k stake to crank out triple digit annual returns.. while certainly over-trading.. just to live reasonably. if i can keep anyone from deluding themself, as i did early on, then this message serves its purpose. triple digit returns are an anomaly.. if you must produce such results to be "successful", you've gotta change some plans. couldn’t agree more. i started trading solo in april 2003, and thought i’d be living in a 1/2 million $$ house by the end of the year.

here i am 2.5 years later.. slightly less financially wealthy but a hell of a lot smarter about tradng, mainly thru “hard knocks” education. haven’t made a killing just yet.. but thinking i know how, finally.

to summarize.. i feel real comfortable that i can produce 20-30% annual returns with my current style. however this isn’t enough to make a nice living just on my capital stake. i am starting an investment advisory firm to take on rich clients here in central Ky with hedge-fund style arrangements.. 1 & 20.

email me if you’d like to see my spreadsheet of how this will work out given various assets under mgmt and % return scenarios.

my new plan will be a lot more lucrative and viable than attempting to trade my meager $50k stake to crank out triple digit annual returns.. while certainly over-trading.. just to live reasonably.

if i can keep anyone from deluding themself, as i did early on, then this message serves its purpose. triple digit returns are an anomaly.. if you must produce such results to be “successful”, you’ve gotta change some plans.

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