The class size is small, only 20 people. But I am the youngest. Most are in their forties or fifties. Why do I end up being the youngest in all the circles I pass through? Most of my friends are older than me, the people I work with are older, and now back to school--and everyone is older than me. What's up with that?
Everyone but me and another guy are experienced traders. I am very happy for that because the instructor does not waste time explaining basic concepts and terms. We can move quicker to the hands-on live trading, which is what I want. I already have the background, now it is time to put it all together.
People, don't put your money on the stock markets without the proper training. Most of the class are people who had to first lose money before they figured they should get some education about trading. I am one of the few who are getting the proper training before adventuring out into the market. I am lucky in that case because I am learning from the mistakes of my friends who got me into trading in the first place.
If math turns you on, I did Fibonacci Retracement of stock trends. Fibonacci numbers are used often in the patterns used to confirm price movements in equities. That was something I could not figure out myself without the class instruction.
The most important tool in technical analysis is identifying zones where market sentiment changes. Knowing that allows me to make targets and measure risk. There is no guessing or hope here. This is not gambling. Sentiment changes where the balance between supply and demand changes. If you know that, you know where the direction of the market will probably continue, or where it could suddenly turn.
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