First off...I want
to thank you for coming to MrSwing and hope that
you continue to find our site stimulating and rewarding
in all of your future visits.
Where
should I start?
Well...for
beginners, my background is in computer science,
specializing in artificial intelligence. I started
my career as an information technology researcher
in the field of robotics and expert systems.
After
this, I changed direction somewhat and entered the
field of computer driven multimedia. All of this
was a great foundation for when I began trading.
How
did I get started in trading?
Well...it
all began some time ago when I was on a trip. I
met a very engaging man who turned out to be a wealthy
trader...we got into chatting about our careers
and I was instantly attracted to the idea of making
money in the market.
As he
was talking to me and explaining how he went about
doing this, I realized trading was right down my
alley. It seemed challenging and with my background
in computers and artificial intelligence, I thought
I could be pretty good at it.
To
make a long story short...
I began
my long journey through multiple trading books,
seminars and courses with varied levels of success.
If you've read and see as much trading info as I
have, you begin to learn that about 70%
of the stuff that's out there is junk... and you
have to think for yourself.
Backtesting, indicators,
technical analysis, systems... blah,
blah blah.
There is nothing wrong
with any of these. But, MARKETS CHANGE,
and patterns change. This has always been the ruin
of many mechanical systems traders. Trading is not
a physical science, (as much as some would like
you to think it can be) you are dealing with a very
complicated creature. It's a bunch of human beings
making individual decisions, or A BUNCH
OF COMPLICATED SYSTEMS IN ONE BIG COMPLICATED SYSTEM.
The reality is, is it's partly a science,
an art and a game... with a whole lot of psychology
and emotion.
It
is my firm belief that to trade successfully, you
have to have a plan that is based on the fundamentals
of human action and behavior, and most importantly...
discipline and money management. It's also my firm
belief that the best plans in any area of life,
are the ones made as simple as can be made for that
specific endeavor.
I'm
not the only one:
Everything
should be made as simple as possible, but not
simpler. -Albert
Einstein
Simplicity is the ultimate sophistication.
~Leonardo Da Vinci
Why keep things simple? Well... simple.
It allows you to act quickly and without hesitation
when an opportunity presents itself. Trading is
no different. Contemplation is important, but taking
action (with the right plan and mindset)
is more important. Don't get into the trap
of looking for magic trading systems or indicators.
Always remember, trading is about probabilities.
Without
a doubt, the most important principle in trading,
is money management, position sizing, and trade
allocation. It is also the most boring, and that
is why you don't hear about it more. In trading,
you cannot afford to hate being wrong, you will
go broke. You cannot hesitate to cut your loss if
a trade goes against you.
Many supposed "superstars" of
trading know you want to hear about fancy "secrets" and "trading
systems". Like
I said, I have nothing against backtesting and trading
systems, but you have to watch yourself because
you are dealing with a very complicated issue of
study.
You
know...it's funny that many of the trading books
are very descriptive and informative about fancy
indicators and oscillators, but they leave you
short when it comes to pulling the trigger.
Many lack the most simple fundamental principles...
1. When to get into a trade
2. What to do when you do get in
3. How to get out
4. How to manage your capital and allocate it appropriately
Trading,
and your plan, should be based on the fundamental
principle that no one can predict the future...
(except
one of those psychics on T. V. of course :o)...
and
that you MUST protect
your lifeline, which is your capital. Trading
is a very risky game.
That doesn't mean you can't be right, you can be
right often when you know what you're doing.
But, when you're
wrong, you must admit it, and take the loss...
or you don't have any business trading, nor a future
practicing it.
What
can MrSwing do for you?
When I first began the journey of
setting up MrSwing.com, I had no idea that it would
get as big as it has. My goal back then was simply
to have some fun, educate people... and eventually
offer my software that I was using for myself.
But now things have changed
and MrSwing has grown...rapidly.
What I seek to do now is
to provide the best education to all my members.
I want you to at least go away from my site with
the mindset and principles of trading, that... dare
I say, will actually help you make money!
I also know that if I continue to
give you quality service with a helping hand,
that you will acknowledge and respect this
by telling others about MrSwing.com.
And
last but not least...
I want
you to know that MrSwing will always be
a place that you'll be able to trust and depend
on. I want to be a source of optimism and inspiration
for you in a rather cynical world. Just email us...
and we'll do our best to help. My team and I love
talking with experienced and beginner traders.
So
to top it off...
I hope
I can be of service to you in a way that helps you
meet your trading goals.
Take
care...
