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/sci/ - Science & Math

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4173658 No.4173658 [Reply] [Original]

Fellas,

How many people here took up financial markets and entrepreneurial pursuits when they were in highschool?

I'm trying to run a small chemical business and learn technical analysis for trading forex/stocks and then hopefully options, but boy oh boy is this some hard shit. I think I need a bit of support lol...

I'm trying to finish "Technical analysis of the financial markets" by John J murray, and even though I'm slowly getting through it, I'm not remembering much and it's fucking hard to stay on task. I've been doing this for nigh on two years now and I still feel like I'm getting "taught" by the markets and my business doesn't regularly pull in over $150/week.

Anyone with experience in either of these fields? Any words of advice or maybe a brief rundown of how you started and progressed? I'm still in highschool so I've got a long way to go, but I think if you sort out the monies the rest will follow. Doing maths or chem or physics, it's about reading a textbook atm... but this is a whole new challenge.

Some of these businessmen... make money out of anything... it's crazy..

Pic related? I don't know..

>> No.4173683

>>4173658
God your an idiot.

Stop wasting your money and concentrate on getting into a good school.

>> No.4173696

Just a bit of confirmation that I'm on the right track here guys...

>> No.4173758

Chemical business while in highschool? As in illegal drugs?

I didn't do technical analysis in highschool, but I use it now. Made 20% last year, and 40% this year. Took me an ungodly amount of time to get the hang of it. Don't ask me how I do it. The more people that know something in technical analysis works, the less it works. You just have to find a way that works yourself.

I've found TA-lib to be helpful. It's a library of C++ functions.

>> No.4173765

>>4173758
Well I was going to get into MDMA production but I slapped myself and came to my senses in a metaphorical way after I realized that there was no way I could distribute it safely.

But the chemical business is more or less a repackaging business... I source and buy bulk and cut it down to size thats suitable for small users. Acids, solvents, bases, that kinda stuff. Stuff that is actually pretty hard to source these days.

how long did it take you to get the hang of TA and what do you mean by C++ functions?

>> No.4173804

>>4173765
It took years for me to learn it. I'm embarrassed to say how many. At first your natural instincts will tell you the exact opposite of how you should trade. It took me a while to overcome this, and I still struggle with it sometimes. And it just takes time to gain experience with different indicators.

C++ functions are a part of computer programming. I didn't find a charting tool that did what I wanted, so I write my own programs.

>> No.4173808
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4173808

>>4173758
>The more people that know something in technical analysis works, the less it works.

it probably took you a long time because you're a dumbfag. if enough people are doing the same technical analysis shit it becomes a self fulfilling prophecy and you would probably do better. sounds to me like you're dumb and should stop trading. if you don't know precisely where your edge comes from, you don't have one. thinking "durp i look at lines and indicators and am shmart" isn't an edge.

>> No.4173838

>>4173808
It's more like a game of musical chairs than self fulfilling prophecy. When a good buy signal develops, and only a few people know to watch for it, they have a good chance of buying before the price takes off. If everyone knows to watch for it, then only the quickest traders get the best results before price is driven up.

>> No.4175630

>>4173808
WHO THE FUCK IS THE GUY IN THE WILLY WONKA´S DRESS?I HAVE SEEN IT A LOT OF TIME AND I DON´T KNOW HIS NAME.What do you use this meme for?

>> No.4175663

>>4175630
>2011
>not knowing seinfeld

ISHSOJOCJT

>> No.4175703

zuckerberg was not that great of a programmer or businessman, due to lack of experience. he had connections to get his stuff through.

those really, really young people who managed to beat out more experienced competitors? they all had connections.

start your way off very very small in business, go to university for safety, probably until your mid/late 20s. yeah, you'll be an old guy by then, but it's how most people do it.

learn to play in the background, not in the center of it

>> No.4175712

>>4173804
what were your programs used for? what did the other tools lack?