I just wanted to thank you for all the links you sent me a couple of months ago and for this current line of thought. I have been studying different sites and learning as much as I can about chart reading. I continue to read almost all the posts and follow the links provided, there is so much info it is almost too difficult to read everything!
I would also like to thank AcousticHockey for his timely post on the sticky at top about what he has learned trading options. Before I read it, I was ready to just jump in and start trading, but know I am trying to be patient and continue to learn more about reading charts, especially seeing support / resistance levels as he mentioned.
I am a novice when it comes to trading stocks, ( I think I have about a 50% track record for short term trades ) and have yet to trade my first commodity. I think I am ready for the next step and that is putting together a plan on WHAT I want to trade on, correct? I would think that with everyone’s varied backgrounds ( mine, which has no formal experience in trading ) that at least some of the traders have set up some kind of plan that they follow.
I have an account set up for options trading now, but have not set up level 2 trading which from what I have read on different sites lately is imperative to successfully trading in options.
I have also talked to a business man that I met through a friends mutual acquaintance and he is willing to give me some of his historical data, which are commodity trades that he has done for about six months. I think this would be useful if put into some sort of spread sheet and then looking at the charts to try to find certain triggers or trends. Do you or anyone on the board recommend any type of spreadsheets to keep track of trades or just using the trading software that I already pay for, which in my case is E*TRADE?
I welcome any input from the members on this board and want to thank everyone for sharing their thoughts on the way they have developed their trading techniques over the years. It is a great learning tool for me and I am sure all the other lurkers on this board, which I intend to change to contributor as I progress through my trading experience.
Thanks
