Hi everyone,
I am Freetrader, 31, from Barcelona. I am an engineer and I worked in the industry for some years, especially in the fields of operations management and quality, since I enjoy analyzing stuff and creating systems.
I have a very eclectic nature and I'm a bit of a hack, jumping from one thing to another (which is a trait I don't like very much of myself), anyway this led me to often change jobs from one company to another (luckily it seems I am good at getting new jobs, for some reason), until I finally realized that I was not good at getting the paycheck at the end of the month and what I really wanted is to be my own boss.
So, long story short, I also failed at entrepreneurship, however by the end I found out about day trading, and I good hooked by it. I've been studying and practicing day trading on the currency markets for almost a year now, and I'm finally starting to see some (small, weak) success.
(By the way, I'd like to mention my nickname Freetrader doesn't come from being a trader -I was using it long before-, but from the RPG Traveller, where the Free Traders are the small ragtag cargo ships that go from planet to planet taking the odd jobs no one else would and living adventures - think Firefly or Han Solo. I always wanted to be like that, and to a point I realize I managed my business like that, which didn't work so well, but was fun.)
Just recently I found Less Wrong in my RSS aggregator, however I can't remember how it got there (I kind of recall I found the link while doing some research on planned cities and I thought to myself: "this could be important, save it for later", then forgot about it). Anyway when I started reading it, it hit a cord inside myself and for the last weeks I've been reading articles and some sequences with great interest and delight. So I'll stick around. Maybe contribute a little, but I'm shy.
Finally I'd like to take the chance to ask if someone else here are fellow traders. I noticed many of the articles mention trading in examples, however I have not found any article specifically about it, or from the perspective of a trader. Indeed day trading seems like an excellent path for a rationalist with good bayescraft and who doesn't mind staring at a computer screen all day if it makes them good money. There's lots of irrationality in that field, especially within the world of what I call "pop traders", self-taught traders who trade their own money from home (like myself, so it's the world I know). Still many cowboy traders have hacked a way into making a pretty decent living from it, so a good rationalist will be able to get much more.
In summary, I'd really like to meet a rationalist trader and compare experiences. Or well, anyone interested by the topic in general. Or any nice people, so feel free to say hi!
I used to trade the stock market, getting into Bollinger Bands and other kinds of chart analysis. Had some successes, but the times that losses came, they were sudden and brutal. In the end, I decided I didn't enjoy it enough to do it well. And I wasn't quite sure I had the ability - the charts seem to work in hindsight, but there were a lot of factors that made looking at patterns in old charts deceptive - the fact that bankrupt stocks were removed from the data history by my data supplier was one obvious problem. And almost every other trader I knew see...
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A list of some posts that are pretty awesome
I recommend the major sequences to everybody, but I realize how daunting they look at first. So for purposes of immediate gratification, the following posts are particularly interesting/illuminating/provocative and don't require any previous reading:
More suggestions are welcome! Or just check out the top-rated posts from the history of Less Wrong. Most posts at +50 or more are well worth your time.
Welcome to Less Wrong, and we look forward to hearing from you throughout the site.
(Note from orthonormal: MBlume and other contributors wrote the original version of this welcome message, and I've stolen heavily from it.)