Been thinking

[suityou01]

Note to suity - don't work in Lloyd's of London HTH Small market, incestuous and small minds, if you're willing to put up with that then, fine.

You're out of it so don't worry.

I think I got unlucky with the particular Lloyds firm I was at. I have kept in touch with one of the developers there and after I left the management from Director of IT down were removed.

It wasn't me, it wasn't the Lloyds market. It was most definately them.

[Tingles]

Step away from IT.

[suityou01]

Step away from IT.

OK. Would you care to elaborate?

[SantaClaus]

For me, the boredom of programming the same thing over and over again happened years ago. And their are definitely as many numpties in finance as every other sector.

Thats why I'm day trading.

You don't need any stock, office space, customers. Just a laptop and an internet connection.

[MPwannadecentincome]

For me, the boredom of programming the same thing over and over again happened years ago. And their are definitely as many numpties in finance as every other sector.

Thats why I'm day trading.

You don't need any stock, office space, customers. Just a laptop and an internet connection.

hmmm presumably some gut instinct and some guts to go along with that too?

[suityou01]

For me, the boredom of programming the same thing over and over again happened years ago. And their are definitely as many numpties in finance as every other sector.

Thats why I'm day trading.

You don't need any stock, office space, customers. Just a laptop and an internet connection.

Great. Where do I start? Any good links to reading material?

[aussielong]

For me, the boredom of programming the same thing over and over again happened years ago. And their are definitely as many numpties in finance as every other sector.

Thats why I'm day trading.

You don't need any stock, office space, customers. Just a laptop and an internet connection.

You must be doing this full-time right? Could you make 500 per day at it - or whatever a good contractor rate is these days..?

[newblood]

13 months ago I stopped talking to agents to try my plan B which was kinda setting myself up as a development company. 3 Months later I had setup everything - a website, spoke to some indians outsourcers and then ...... I realized I had no clients nor an idea how to get clients.

Then came Plans C , D , E , D all failing miserably one after another.

I am now sitting here trying to figure out the next plan , but have learned a great piece of advice. Don't quit your plan A until Plan B is working.

That said I am not particularly clever, It is now painfully obvious that I have repeated the same mistake over and over ( start a biz with market research and plan , not with what you know about )
but I have tried , will keep trying and that is all that matter.

[BrilloPad]

13 months ago I stopped talking to agents to try my plan B which was kinda setting myself up as a development company. 3 Months later I had setup everything - a website, spoke to some indians outsourcers and then ...... I realized I had no clients nor an idea how to get clients.

Then came Plans C , D , E , D all failing miserably one after another.

I am now sitting here trying to figure out the next plan , but have learned a great piece of advice. Don't quit your plan A until Plan B is working.

That said I am not particularly clever, It is now painfully obvious that I have repeated the same mistake over and over ( start a biz with market research and plan , not with what you know about )
but I have tried , will keep trying and that is all that matter.

Well done for keeping tring and the very best of luck to you.

[SantaClaus]

hmmm presumably some gut instinct and some guts to go along with that too?

There is some gut instinct to it, yes. After watching the charts fulltime for almost 2 years, I am starting to develop it.

Great. Where do I start? Any good links to reading material?

Nothing beats experience. For me the learning has been the same as doing another degree. Also expect to blow up your account numerous times until you finally "get it".

These books are worthwhile:

Mark Douglas - Trading in The Zone, as I always recommend.
Martin Pring on Price Patterns
Steve Nisson - The Candlestick Course
DeMark - The New Science of Technical Analysis
Edwin Lefevre - Reminiscences of a Stock Operator

You must be doing this full-time right? Could you make 500 per day at it - or whatever a good contractor rate is these days..?

If you make 5% a week of your trading capital, then you are doing very well and better than most hedge fund managers. However, if you try to achieve this by risking more than 2% of your account at any one time, then you wont stick around for long.