I started playing guitar at the early age of 13 when I performed live at Thora B Gardiner Jr High School in Oregon City OR.
I remember playing and singing the popular song “Abilene” and I was voted “Most Talented” student that year.
I went on to play guitar professionally in the later 60’s, 70’s, more or less played less in the 80’s until present when I play occasionally at church with my brother in law, who is a worship leader.
I have played mostly Fender guitars throughout my serious playing years, also own a Guild Bluesbird and so on.
Here is a guitar I had at one time, bought from a country and western singer in the 60’s, a Fender Telecaster Orange color,
Please review and let me know what you think.
If you purchase this guitar via this link, I will get credit as an Amazon Affiliate.
You may have heard it before, when it comes to any type of trading, it starts with the markets, fear and greed. It is all a reflection of emotions, and in order to make money trading, you have to learn to control your fear and greed, and this friends, is the most difficult thing to do.
How To Overcome Fear and Greed
All of us have different emotions at various times of our lives, and they really come into play and effect us when we trade with real money. At one of the online trading seminars I attended earlier in life, I heard the speaker say that trading is the clear window of your own personal psyche, the clearest of any other influence, and I agree.
Understanding The Markets Today
I have been there many times when I was afraid to do another trade after I went through a number of losing ones and the fear of losing more sets in. I caved in when my fear got the best of me, and so I get stopped out of a trade without giving it enough time to develop. On the other side, I have held trades longer than I planned on and I lost more money unnecessarily.
On the other end, we all have taken profits too early, because we don’t want to give back any of the profits, so we miss the bigger winners this way. We trade more shares than we should because we give in to our greed and we feel really good about this one. How can we understand the markets then? If we learn to understand the workings of the markets, we will understand ourselves better, and make better traders.
The purpose of the markets is that they exist to let us trade as much or as little as we choose to. Markets are constantly moving up and down in search for buyers and sellers, anything to get us to participate.
If markets don’t move, they don’t survive. The knowledge that markets have to move, will change the way you think about trading. It will give you the confidence that your losses can’t continue, this will help eliminate the fear.
The markets have to bring traders in to survive, or they will die. The main reason for the market is survival and keep traders interested, so it has to move. It cannot stay in a narrow trading range or traders will lose money, become uninterested and leave, which amounts to less and less liquidity and eventually the market will die.
This knowledge gave me the confidence to continue trading. This has reduced my fear and gave me a lot of confidence.
From my experience the last 40+ years, system trading answers the problem of fear and greed, and it is the only way to have an advantage of the markets.
It gives you the discipline to help you with overcoming fear and greed. There are many trading systems that have been tested for a long period of time and the information is quantifiable. The implementation of a trading system is a much better way than trying to interpret the market. If the system is not working, then we can change it. That is a good business decision and you are on your way to making money in your business.
Since we know that a market must continually facilitate trade in order to stay in business, we can customize the design of our system to make sure that we are in for that big move when it happens. None of us have ever been able to predict when the market is going to move big, so it is much better to invest and devise systems and prepare for the big moves and reduce our losses while we are waiting.
My conclusion is the only way to trade all the markets is to use a system that is being constantly re-engineered to the current times. The big money makers do not try to figure out the tops and bottoms, they just take money somewhere in between. This makes good business sense.
The Latest Technology Available
If you are serious about using systems that are profitable, you must use the latest tools available. Learn how to use a desktop, laptop, tablet, smartphone, trading/chart software and any other tool as effectively as possible.
In the “good” old days, I remember doing so many things by hand that can now be done by any of the above tools. This will help you avoid mental errors, let the tool (s) do your work, i.e. backtesting, parameters and so on.
This will give you more time to do research and test new trading concepts.
Please review and explore everything I mentioned, use and test your systems over and over, refine and continue exploring, until you find your personalized trading system.
Welcome to Online Trading Center, where you can find information to anything that has to do with any kind of online trading.
Our mission is to help you be the best trader you can be and learn from our mistakes.
I was at the same time fortunate and unfortunate enough to be one of the first daytraders in the world.
I was originally interested in buying a Block Trading franchise, but after seeing all the excitement of trading live, I decided to become a full-time daytrader instead.
I signed up for a 1-month class June 1997 (1 of 30 students) and paid $4000.00 to Block Trading in Irvine, CA, which later became Online Trading Academy (OTA).
I was one of 3 survivors from the 1st class of 30 students, and as other students came, I helped with the curriculum and development of OTA courses, seminars and latter part of 1997 became VP of OTA, I was at OTA from 1997-2000.
To make a long story short, we were the guinea pigs of daytrading, slaughtered like cattle.
By losing thousands of dollars, we finally figured it out and started making money and started making a living from live online trading.
We traded all the IPOs as they went public live, and we were the first to use Level II software from Cybertrader.
One of the IPOs, Amazon, symbol AMZN, became my favorite stock still and I still own and trade it today.
My wife and I both love the company, and we buy most items through Amazon online, and we also subscribe to Prime to get free shipping.
WHY WE WANT TO HELP YOU
We want to help you NOT to make the same mistakes we did. We have developed our own trading style and systems that we want to share with you.
Our goal is simple- we want you to learn how to make money and limit your losses.
If you ever have any questions, feel free to leave them below and I will be more than happy to help you out.