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    Bill Smith's Avatar
    Bill Smith Posts: 9, Reputation: 1
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    #1

    Feb 12, 2010, 11:21 AM
    Self Directed Study
    I'm currently trying to learn to do day trading and there's a lot of resources online; however, I'm trying to develop some self discipline in doing this. I'm new to this endeavour and there are a lot of online documents and videos to help me. My question is that I'm looking to find out how others have done self directed learning in deciding how to organize all available resourses to learn a new career by myself.
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
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    #2

    Feb 12, 2010, 11:26 AM

    I'd start with basics and definition of terms, get familiar with all of that, then work into associated area such as customer service techniques, cold calling hints and helps, marketing yourself.
    Bill Smith's Avatar
    Bill Smith Posts: 9, Reputation: 1
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    #3

    Feb 12, 2010, 11:37 AM

    Thanks for your quick reply. Day Trading is working from home and trading stocks over the internet. Sound like you're suggesting to do a complete overview of what is needed to master the subject and develop my own course outline with prerequisites. That sounds like a reasonable approach.
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
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    #4

    Feb 12, 2010, 11:54 AM
    Quote Originally Posted by Bill Smith View Post
    Day Trading is working from home and trading stocks over the internet.
    I have a friend who does this, but he took courses at a bricks-and-mortar school. Day trading includes learning lots of technical trading stuff like the value (or not) of Fibonacci numbers and the Elliott wave theory, deciding if you want to get into stock options or futures contracts, and just learning about the most productive ways to deal with customers.
    Bill Smith's Avatar
    Bill Smith Posts: 9, Reputation: 1
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    #5

    Feb 12, 2010, 03:33 PM
    Brick-and-Mortar schools are expensive. For the foreseeable future, I will be staying with the basic stock long trading with trends & indicators. However, even this basic approach is a lot more that analyzing charts and there are no other people involved. Thanks for your time, support and attempting to answer my question. Your replies are appreciated.
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
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    #6

    Feb 12, 2010, 04:57 PM
    Quote Originally Posted by Bill Smith View Post
    Brick-and-Mortar schools are expensive. For the foreseeable future, I will be staying with the basic stock long trading with trends & indicators. However, even this basic approach is a lot more that analyzing charts and there are no other people involved. Thanks for your time, support and attempting to answer my question. Your replies are appreciated.
    I wasn't saying bricks-and-mortar schools are the only way to go. I know online courses and self-directed study are very popular and useful, especially when someone works full-time and/or is involved with family or the school is not conveniently located. My younger son earned two of his master's degrees through online courses, and I have taken distance courses that were well put together. Day trading is an excellent topic for online coursework. Maybe talk with some day traders or get on a day trading chat board for more information toward what you need to pull together for yourself. It sounds like an exciting and challenging endeavor!

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