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.
I
then 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 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 this 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 was 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
then began my long journey through
multiple trading books, seminars and courses
with varied levels of success. Sometimes a thing
would work, but only for a limited amount of
time. If you read and see as much trading info
as I have, you begin to learn that
probably 70% of the stuff that
is out there is junk. Especially on the
internet.
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 physcial science,
you are dealing with a very complicated creature.
It's not a bunch of billiard balls or marbles,
it's a bunch of human beings making individual
decisions. Or in other words, A BUNCH
OF COMPLICATED SYSTEMS IN ONE BIG COMPLICATED
SYSTEM.
It
is my firm belief that to trade successfullly,
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
DaVinci
Why keep things simple?
Well... simple. It allows you to act quickly
and without hesitation when opportunities peak
their head. Trading is no different. Contemplation
is important, but taking action (with
the right plan and minset) 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, postion 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 this journey on
the internet setting up MrSwing.com I had no idea
that it would get as big as it has. My goals back
then were 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 in the fastest, safest,
most easily conveyable manner to all my members
for free. I want you to at least go away from my
site with athe 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 me... and I'll do
my best to help. I love talking with experienced
and beginner traders.
So
to top it off...
I
hope I can be of service to you in the future in
a way that helps you meet your trading goals.Plus,
don't forget to write to me with your trading
questions.
Take
care...
