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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (1499)7/3/1999 6:55:00 PM
From: keith massey  Read Replies (1) of 18137
 
I personally think you're out of the mold. Guess you don't know it but you're the second youngest person to take my trading course.

9+ years of University has taught me the humility of not being prepared for the task at hand. It has also taught me to admit I am wrong very fast (or at least re-think my views) when powerful facts contradicting my point of view are presented. After 3+ years, averaging 30-50hrs of reading and backtesting a week I still learn 10-20 new things a day. I still try to read at least 1-2 new books a week plus go over 1000's of posts and articles on "educational" internet sites such as this one. I think anyone that doesn't think this kind of dedication is necessary for trading is kidding themselves. I still considered myself a novice, although I am fairly sure I am a little more advance than some of the yahoo's I see roaming SI.

Reading 1-2 new books would get expensive really fast so I have a little trick. Since most trading books are crap and cost way to much I normally just go to the local Chapters or McNally Robinson, grab a new book off the shelf and a comfy chair and 6 hours later I am done and replace the book on the shelf (my own little library). It helps to be a speed reader when doing this. If the book is really good (e.g Murphy - Technical Analysis of the Financial) I will buy it as reference and will read it several times. In addition, if the author has written a great book he deserve some compensation for his work. So far I have bought a total of 9 books from all the ones I have read. Most of them are not worth the paper they are printed on.

In regards to your course...
(http://www.hardrightedge.com/courses.htm) free plug :)

That was the first course I have taken. I have looked into dozens of course but always felt the backgrounds of the people teaching them were questionable, the material being covered often seemed useless and the price was almost always way expensive. After following your site since you first got it up and running and following many of you SI posts I thought you might have some good insight into the market. I was right...the $80 for the course was well worth the month and have recommended it to several of my trading buddies. With courses like yours, even if you learn one or two new good tricks it pays for itself several times over. I am fairly sure I learned more than 1-2 tricks off you...thanks.

Best Regards
KEITH
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