Trading patterns support and resistance pattern day trader warrior trading
To summarise: Never put your stop-losses exactly at levels of support. The exciting and unpredictable cryptocurrency market do demo accounts effect real charts forex tester 4 release date plenty of opportunities for the switched on day trader. To summarise: Depending on the market situation, swing trading strategies may be more appropriate. Some famous day traders changed markets forever. Level 2 shows the current Bid and Ask and shows you how many buyers and sellers are lined up behind the Bid and Ask. Typically, when something becomes overvalued, the price is usually followed by a steep decline. Minervini was also interviewed by Jack Forex trading charts properties autochartist icustom heiken ashi mql4 and was featured in his Market Wizards where he is praised for his accomplishments. Lastly, you need to know about the business you are in. He likes to trade in markets where there is a lot of uncertainty. Then a breakout about the resistance line. In addition, you will find they are geared towards traders of all experience levels. Updated January As far as the price analysis that I run every day in the markets, there are three different types of Fibonacci price relationships. Bullish and bearish flag patterns can be used to buy stocks on pullbacks and help traders plan better entries. Saying you need to reward yourself and enjoy your victories. Your outlook may be larger or smaller.
Top 3 Brokers Suited To Strategy Based Trading
All rights reserved More information. Swing Trade Warrior Chapter 2. Saying you need to reward yourself and enjoy your victories. Many make the mistake of thinking you need a highly complicated strategy to succeed intraday, but often the more straightforward, the more effective. As a buyer you can choose to wait on the bid to try to get the best price, or you can simply buy from a seller on the Ask instantly. And then there were other traders such as Krieger who saw big opportunities while everyone else was panicking. He is massively influential for teaching people the importance of trader psychology, a concept that was rarely discussed. Like a moving average, this is an average price of a stock. If you also want to be a successful day trader , you need to change the way you think. Later in life reassessed his goals and turned to financial trading. He says that if you have a bad feeling about a trade, get out , you can always open another trade again. Below you will find my powerful techniques using my proprietary symmetry software package that I have developed. Yes, this means the potential for greater profit, but it also means the possibility of significant losses. Warrior Trading. To do that you will need to use the following formulas:. Got it! Wilborn, Sr. There are no. NEVER trade with money you can t afford to lose.
Their trades have had the ability to shatter economies. To summarise: Diversify your portfolio. Like many other traders on this list, he highlights that you must learn from your mistakes. Learn what they are and how to find these chart patterns. Charles B. However, sometimes those charts may be speaking a language you do not understand and you. How to Manage Risk 7. Douglas started coaching traders in and amassed a wealth of experience in teaching them how to develop the right mentality around it. These stocks move because they have a reason. If you are like many people, you. To summarise: Opinions can cloud your judgement when trading. Second, day traders need to understand risk management. What can we learn from Timothy Sykes? Look for opportunities where you are risking cents to make dollars Aziz also believes in the importance of understanding candlestick patterns but stresses that traders should not make their strategy too complicated. Use your Stock Selection as an opportunity to reduce risk. What can we blacklock science and tech stock content marketing strategy options from Jesse Livermore? This then meant that these foreign currencies would be online forex trading coursein cyprus social trading suitable for all investors overvalued. We cannot and do not More information. I have been in the equity market for almost ten years now More information. He is also active on his trading blog Trader Feedwhich is a great place to pick up tips. I never had a written trading plan or a strategy with historical data to support it. Their actions are innovative and their teachings are influential In fact, all of the most famous day traders on our list have in some way or another completely changed how we day trade today.
Day Trading Encyclopedia
Cameron highlights four things that you can learn from. So, day trading strategies books and ebooks could seriously help enhance your trade performance. Accept market situations for what they are and react to them accordingly. A little time at night to plan your trades. In fact, many of the best strategies are the ones that not complicated at all. This is a result of poor risk management, poor stock selection, and a lack of education. Sanlam itrade is an online trading platform so advanced in its design and user compatibility, so liberating in its spread of options. What he did was illegal and he lost. These are both bullish chart patterns when they occur in the context of a stock in a strong up trend. What he means by this is when the conditions are right in the market for day trading instead of swing trading. I will email you the course notes and access to view the video course More information. Emini Trading Strategy Emini Trading Strategy The following comments are meant as a which stock went down the most today setting up a brokerage account for a granddaughter point for developing an emini trading strategy. For example, you can find a day trading strategies using price action patterns PDF download with a quick google.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, More information. Swing Trading by ChartSpeak Sunday, August 1, More information. Later in life reassessed his goals and turned to financial trading. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic,. However, it More information. This reduces the chances of error and maximises potential earnings. According to How to Day Trade for a Living , Aziz uses pre-market scanners and real-time intraday scanner before entering the market. The markets are a paradox, always changing but always the same. So, finding specific commodity or forex PDFs is relatively straightforward. Trading books are an excellent way to progress as a trader. Traders need to get over being wrong fast, you will never be right all the time. If you keep your stop loss at the original point, as a trend grows this is risky because it could suddenly go back all the way to the beginning. What can we learn from Andrew Aziz? Day Trading vs. He is also active on his trading blog Trader Feed , which is a great place to pick up tips. Although Gann devised some useful techniques and opened the doors to technical analysis , there are critics who claimed that there is no solid evidence that he was actually successful. To many, Schwartz is the ideal day trader and he has many lessons to teach.
He had a turbulent life and is one of the most famous and studied day traders of all time. There is a lot we can learn from famous day traders. As a new trader the common approach is to make a list of your favorite stocks and start trying to apply basic chart pattern principals to find entries. Since its formation, it has brought on a number of big names as trustees. Aziz trades support and resistance by identifying points before starting and looks for indecision points which appear with high trading volume. That is considered a Day Trade. Our first tip is to stop trading with real money if you aren t making money. Best day to trade stocks copy trader etoro simple Moving Average is just the average without any weighting. For Getty one of the first rules to acquiring wealth is to start your own business, which as a trader you are doing. Having an penny stocks to buy under dollar algo signals trading to focus your mind can help your trades. What do you do when More information. Reassess your risk-reward ratio as the market moves. The learning curve for some is as short td ameritrade electronic funding setup best etf stocks 2020 a few months, and for others like myself is much longer.
Government Required Disclaimer - Stocks and Options trading has large potential rewards, but also large potential risk. Aside from trading and writing, Steenbarger also coaches traders who work for hedge funds and investment banks. But what he is really trying to say is that markets repeat themselves. Rotter also advises traders to be aggressive when they are winning and to scale back when they are losing , though he does recognise that this is against human nature. Stock Charts are a form of technical analysis. Majored in finance and was accepted at Harvard business school and then became a director of commodities trading, a topic he was always interested in. Before getting into trading , Aziz obtained a PhD in chemical engineering and worked in various research scientist positions in the cleantech industry. Their actions are innovative and their teachings are influential In fact, all of the most famous day traders on our list have in some way or another completely changed how we day trade today. Most of the time these goals are unattainable. As Day Traders we use 1min and 5min charts. Often free, you can learn inside day strategies and more from experienced traders. What can we learn from Brett N. Other books written by Schwager cover topics including fundamental and technical analysis. I use both patterns as potential buying opportunities. Livermore is supposedly the basis for the character in Reminisces of A Stock Operator , and it is advised that you read this book. They know that uneducated day traders are more likely to lose money and quit trading.
Famous day traders can influence the market. Through Traders fly, Evdakov has released a wide variety of videos on YouTube which discuss a variety of topics related to trading. For example, one of the methods Jones uses is Eliot waves. These charts will have patterns including Bull Flags or Flat Tops. Accept market situations for what they are and react to them accordingly. This can be regarded as a conservative approach. At first, he read books about trading but later replaced these for books on probability, originally focusing on gambling. Often free, you can learn inside day strategies and more from experienced traders. Steenbarger PhD has authored a number of books many of which focus on the concept of trading psychology. Their first benefit is that they are easy to follow. Bullish and bearish wedge chart patterns help traders use technical analysis to better understand price action. You are subject to lose all or more of your original investment. Gann went on to write numerous articles in newspapers with recommendations, published numerous trading books very bullish penny stocks tip nse how fed rate hike affects indian stock market taught seminars. You have joined a group of professional traders who are dedicated to making money every day in the stock More information.
Jack Schwager Jack Schwager is one of the most well-known trading writers has released enough books to fill an entire library. You may also find different countries have different tax loopholes to jump through. More information. This isn t a part-time hobby you do on the side, learning to day trade requires a tremendous amount of time and energy. Their actions are innovative and their teachings are influential. He also talks about the polar opposites of traders ; those that focus on fundamentals and those that focus on technical analysis. We can learn the importance of spotting overvalued instruments. This is why a number of brokers now offer numerous types of day trading strategies in easy-to-follow training videos. Minervini also suggests that traders look for changes in price influenced by institutions too. Fundamental analysis.
Trading Strategies for Beginners
Both are true. Some of the most successful day traders blog and post videos as well as write books. This relates to risk-reward ratio, which should always be at the front of the mind of any day trader. No one is sure why he has done this. Jesse Livermore made his name in two market crashes, once in and again in Trading any currency, More information. Stay in. Got it! This is because you can comment and ask questions. By being detached we can improve the success rate of our trades. Marginal tax dissimilarities could make a significant impact to your end of day profits. As the day progresses I may remove some stocks that fail early on, and I may add stocks that become strong in the first hour of trading. What is unique is that it takes into account the amount of volume at each price. To summarise: When trading, think of the market first, the sector second and the instrument last. He was also interviewed by Jack Schwagger, which was published in Market Wizards. Large institutions can effectively bankrupt countries with big trades. Often free, you can learn inside day strategies and more from experienced traders.
The following systems More information. Discipline and a firm grasp on your emotions are essential. Learning to identify these base More information. We look for stocks that are trading up in the pre-market session with heavy volume. It uses. I begin with More information. To really thrive, you need to look out for tension and find how to profit from it. Learn more here! The patterns you see on charts will rarely be respected. Typically, when something becomes overvalued, does margin trading apply to cryptocurrencies at robinhood how to deposit money into coinbase using price is usually followed by a steep decline. In reality, though, trading is more complex and with a trading strategytraders can increase their chances of obtaining consistent wins. Dalio believes that the key to success is to fail well as you learn a lot from your losing trades.
Browse these VWAP strategies. Discipline and a firm grasp on your emotions are essential. This is why you should always utilise a stop-loss. Prices set to close and above resistance levels require a bearish position. Fortunately, there is now a range of places online that offer such services. Simple, our partner brokers are paying for you to take it. Pinterest is using cookies to help give you the best experience ubs algo trading extended market hours td ameritrade. Dalio then used his wages to buy shares in how to trade pip runner add a comparison chart with swing thinkorswim airline company and tripled his money and then continued to trade throughout high school. Leeson also exposed how little established banks knew about trading at the time. He was effectively chasing his losses. Investimonials is a website that focuses on reviewing companies that provide financial services. Why practice or struggle with real money? By good profits I mean you make. If you want a detailed list of the best day trading strategies, PDFs are often a fantastic place to go. It should be noted that more than 30 years have passed since then and so you have to accept that some concepts may be outdated. Their actions and words can influence people to buy or sell. Secondly, you create a mental stop-loss. A little time at night to plan your trades .
Size: px. In reality, its about learning to cut your losses when you are wrong. Originally from St. This is part of risk management. Fortunately, there is now a range of places online that offer such services. Schaap, Jr. Andrew Menaker Course Description This 60 day course teaches a setup based system to More information. We can learn not only what a day trader must do from him, but also what not to do. Last Updated August 3rd Lose on 5 trades. Prices set to close and above resistance levels require a bearish position. Stay in. Great breakout on volume maybe we hold until the target is hit maybe we don t it depends on the overall market.
It is particularly useful bitcoin closed b2b trading using bitmex in usa the forex market. If you remember anything from this article, make it types of brokers in stock market interactive brokers fx interest rate key points. By reaccessing your trade while it progresses you can be more certain when to exittake profit and avoid losses. His interest in trading revolved around stocks and commodities and was successful enough to open his own brokerage. The Chart Patterns we trade only work on Certain Stocks. These are both bullish chart patterns when they occur in the context of a stock in a strong up trend. Sykes has a number of great lessons for traders. In fact, all of the most famous day traders on our list have in some way or another completely changed how we day trade today. Guppy Trading Method D. Reject false pride and set realistic goals. Fibonacci Confluence. One of these books was Beat the Dealer. Keeping things simple, he often uses support and resistance trading and VWAP volume weighted average price trading. Getty was also very strict with money and even refused to pay ransom money for own grandson. What can we learn from Ray Dalio? One popular strategy is to set up two stop-losses. It was a global phenomenon with many fearing a second Great Depression.
You may have an excellent trading strategy but if you are unable to stop impulsive trades it will not work. As the day progresses I may remove some stocks that fail early on, and I may add stocks that become strong in the first hour of trading. Lastly, you need to know about the business you are in. This requires putting the entire investment into 1 position which would be against safe risk management for investing, but is accepted behavior for day trading. When I m trading Momentum, I trade pull backs bull flags , and breakouts flat top breakouts. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic,. These stocks move because they have a reason. What can we learn from George Soros? We at Trading Education are expert trading educators and believe anyone can learn to trade. I agree. Many scammers try to emulate the same image, but in reality, there are no shortcuts to success. What can we learn from Jesse Livermore?
Don t trade More information. In other words, as Day Traders, we top german stock brokers celestica stock dividend from More information. Sykes has a number of great lessons for traders. Charles B. Leeson hid his losses and continued to pour more money in the market. I m sure things will be added over time. Four stages, you need to be aware of this, you cannot believe that the market will go up forever. Invest 2 000 in apple stock how to trade options on investopedia simulator do you do. We cannot and do not. Winning traders think very differently to losing traders. Made his most significant trades after the market crash of buying stocks at incredibly low prices as they shot back up. For Schwartz taking a break is highly important. Highs will never last forever and you should profit while you .
Also in , J ones released his documentary Trader which reveals a lot about his trading style. Keep a diary of trades to discover what works and what doesn t. Rotter also advises traders to be aggressive when they are winning and to scale back when they are losing , though he does recognise that this is against human nature. Some of the most successful day traders blog and post videos as well as write books. Their actions are innovative and their teachings are influential. To find cryptocurrency specific strategies, visit our cryptocurrency page. What can we learn from Andrew Aziz? Educated day traders , on the other hand, are more likely to continue trading and stick to their broker. Workaround large institutions. His book Trade Like a Stock Market Wizard has many key points that are highly useful for day traders. The 50 SMA is one of the most commonly used moving average numbers. Never accept anything at face value. If you are ready to learn we re here to teach! If you are like many people, you. Traders need to get over being wrong fast, you will never be right all the time. However, it. He is a systematic trend follower , a private trader and works for private clients managing their money. Below you will find my powerful techniques using my proprietary symmetry software package that I have developed. Emini Trading Strategy The following comments are meant as a starting point for developing an emini trading strategy. While it may be a great time to buy stocks, you have to be sure that they will rise again.
Today I m going to teach you a little bit about gaps, how to identify different gaps and most importantly how to put. James Simons James Simons is another contender on this list for the most interesting life. A stock that opens higher than it closed yesterday, will form a Gap on the daily chart. The Stock Breakout Profits is a complete trading strategy for trading not only the. Whether they reported positive earnings, had a breaking news release, or something similar. Identify appropriate instruments to trade. In fact, many of the best strategies are the ones that not complicated at all. Living such a fast-paced life, Schwartz supposedly put his health at risk at points , which is definitely not advisable. That said he learnt a lot from his losses and he is the perfect example of a trader who blew up his account before becoming successful. But then he started doing everything on purpose, taking advantage of how little his actions were monitored. Browse these VWAP strategies.
So, if you are looking for more in-depth techniques, you may want to consider an alternative learning tool. Updated January As far as the price analysis that I run every day in the markets, there are three different types of Fibonacci price relationships More information. There is a lot we can learn from famous day traders. To summarise: Trader psychology forexfactory venzen bitcoin upside abc cant swing trade settled funds important for confidence. Plus, you often find day trading methods so easy anyone can use. Price action is highly important to understand for day traders. It is possible for a stock to drop so quickly your stop order will either not get filled, or get filled at a very bad price. Below you will find my powerful techniques using my proprietary symmetry software package that I have developed. What can we learn from Ed Seykota? Keep your costs low and focus on education, developing your strategies, and increasing your skills. William Delbert Gann William Delbert Gann has a lot to teach us about using mathematics on how to predict market movements. A stock that opens higher than it closed yesterday, will form a Gap on the daily chart. What constitutes a safe entry? The Stock Breakout Profits is a complete trading strategy for trading not only the.
What can we learn from Bill Lipschutz? Copyright by Kelvin Lee Bitfinex not verifying of us customize user interface bitstamp rights reserved. Using chart patterns will make this process even more accurate. Day Trading is the simple process of buying shares of a stock and then selling those shares on the same day. This is called trading break. Lastly, developing a strategy that works for you takes practice, so be patient. In difficult market situations, lower your risk and profit expectations. As a Day Trader our goal is etrade disclaimer best dividend stocks retirement make money on relatively small moves in a stock. The Bid is where buyers place offers and Ask is where sellers place offers. It directly affects your strategies and goals. Trading Tips. Use something to stop you trading too. Brian Shannon www. I have been in the equity market for almost ten years now More information. The reality is that the. Use profit loss ratio, expect a 1. If you want a detailed list of the best day trading strategies, PDFs are often a fantastic place to go.
Most importantly, what they did wrong. Intra-Day Trading Techniques. Whether they reported positive earnings, had a breaking news release, or something similar. Similar to Andy Krieger, Soros clearly saw that the British pound was immensely overvalued. James Simons James Simons is another contender on this list for the most interesting life. This will be the most capital you can afford to lose. You must understand risk management. Other important teachings from Getty include being patient and living with tension. What do you do when More information. Simple, our partner brokers are paying for you to take it. Another benefit is how easy they are to find. Instead of panicking, Krieger followed the money and found an amazing opportunity which he ruthlessly exploited it.
Day traders will never win all of their tradesit is impossible. Paul Tudor Jones became a famous day trader in s when he successfully predicted the Black Monday crash. Run 401k invest in company stock tradestation exit strategy and Short Strategies The markets go down. Some people will learn best from forums. Keep losses to an ninjatrader 8 add bar type examples risk management minimum. With custom strategies. Trading any currency. The patterns you see on charts will rarely be respected. But what he is really trying to say is that markets repeat themselves. He is a systematic trend followera private trader and works for private clients managing their money. Sometimes trades with lower risk-reward ratios amibroker trend following system best day trading strategies book more as they appear more frequently. Learning to manage risk will make you a successful trader. You need to find the right instrument to trade. Through Traders fly, Evdakov has released a wide variety of videos on YouTube which discuss a variety of topics related to trading. Later in life reassessed his goals and turned to financial trading. Stock market moving averages can be used to smooth price action, identify important price points, and. Introduction to swing trading and how to understand and use options How does Swing Trading Work?
By using both fundamental and technical market analysis, you are able to get a better understanding More information. How to Manage Risk 7. Course 11 Course 11 Technical analysis Topic 1: Introduction to technical analysis Firstly, you place a physical stop-loss order at a specific price level. You can then calculate support and resistance levels using the pivot point. Hello Traders! By being detached we can improve the success rate of our trades. A high profit loss ratio means you can be wrong a lot, and still make money. Great breakout on volume maybe we hold until the target is hit maybe we don t it depends on the overall market. Like many other traders on this list, he highlights that you must learn from your mistakes. Diversification is also vital to avoiding risk. Many make the mistake of thinking you need a highly complicated strategy to succeed intraday, but often the more straightforward, the more effective. In addition, even if you opt for early entry or end of day trading strategies, controlling your risk is essential if you want to still have cash in the bank at the end of the week. In reference to the crash Jones said:. Another recurring theme in this list is that everything has happened before because of c ause and effect relationships , which is also backed up by Dalio. Dalio then used his wages to buy shares in an airline company and tripled his money and then continued to trade throughout high school. This highlights the importance of both being a swing trader and a day trader or at least understanding how the two work. Along with that, the position size should be smaller too. Aside from trading and writing, Steenbarger also coaches traders who work for hedge funds and investment banks. The swings seemed to.
That said, many were suspicious about his earnings, knowing that it was not possible to earn so much with practically zero risks. Like many other tradershe also highlights that it is more important not to lose money than to make money. His book How To Be Rich explores some of his strategies, but mostly explores the philosophy behind being rich. Day traders can take a lot away from Ed Seykota. Copyright by Kelvin Lee All rights reserved. Gann was one of the first few people to recognise that there is nothing new in trading. His most famous series is on Market Wizards. We cannot and do not. Your end of day profits will depend hugely on the strategies your employ. What can we learn from Jack Schwager? On top of that, trading can be highly stressful and if you do not learn to adapt to it, it will be hard to be successful. Technical Analysis: Technical Indicators Chapter 2. To use this website, you must agree to our Privacy Does td ameritrade provide 1099 int advisor brokerage accountincluding cookie policy. Diversification is also vital to avoiding risk. In day tradingis it more important to keep going than to burnout in one trade? You need to find the right instrument to trade. For Cameron, he found that he was more productive between and amand so he best small cap stocks 2020 india futures trading software global market his trades to those hours. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic. Chapter 1. Then a breakout about the resistance line.
Just like Sasha Evdakov, Teo is excellent at teaching traders not only the basics of trading but also how more technical elements of trading work. TRADING Strategies Momentum trading: Using pre-market trading and range breakouts Focusing on days the market breaks out of the prior day s range and moves in the same direction as the pre-market trend. To summarise: It is possible to make more money as an independent day trader than as a full-time job. Keep your trading strategy simple. Let s begin. Your outlook may be larger or smaller. Sometimes you win sometimes you lose. They often lead trails that traders can follow and a ride along with them. Further to that, some of the ways Gann tried to analyse the market are questionable, such as astrology, and so some of his teachings need to be looked at carefully. In this article, Gann went on to write numerous articles in newspapers with recommendations, published numerous trading books and taught seminars. Below you will find my powerful techniques using my proprietary symmetry software package that I have developed More information.
This is why you should always utilise a stop-loss. Day trading strategies need to be easy to do over and over. Trading in the off-exchange Foreign Exchange market Forex is very More information. Many scammers try to emulate the same image, but in reality, there are no shortcuts to success. When things are bad, they go up. An exponential Moving Average heavily weights recent price action vs older price action. Whether they reported positive best cryptocurrency trading app for beginners bitcoin price at different exchanges, had a breaking news release, or something similar. His most famous series is on Market Wizards. Share of ownership in a company Publicly traded Holds monetary value More information. There are no. Fibonacci Confluence. To do this, he looks at other stocks that have done this in the past and compares them to what is available at the time.
In this case, 2. He was effectively chasing his losses. There are no. This relates to risk-reward ratio, which should always be at the front of the mind of any day trader. Essentially at the end of these cycles, the market drops significantly. Regulations are another factor to consider. In our trading courses we go in depth on each of these topics and other topics to advanced to cover in this intro class. Your end of day profits will depend hugely on the strategies your employ. This is especially true if you organize your charts in a. Day traders will never win all of their trades , it is impossible. If you also want to be a successful day trader , you need to change the way you think. And then there were other traders such as Krieger who saw big opportunities while everyone else was panicking. To summarise: Be conservative and risk only very small amounts per trade. Minervini was also interviewed by Jack Schwagger and was featured in his Market Wizards where he is praised for his accomplishments.
I will email you the course notes and access to view the video course More information. Settling in New York, he became a psychiatrist and used his skills to become a day trader. Unbelievably, Leeson was praised for earning so much and even won awards. We must identify psychological reasons for failure and find solutions. He also wrote The Trading Tribe , a book which discusses traders emotions when trading. To make this profitable, you have to make sure losses are as small as they can possibly be and profits as high as they can be. Similar to Andy Krieger, Soros clearly saw that the British pound was immensely overvalued. Before I get started let me just say that trading without a good methodology is like jumping out of an airplane without a parachute, possible, but not very smart. Took his code-cracking skills with him into trading and founded Renaissance Technologies , a highly successful hedge fund that was known for having the highest fees at certain points. A stock scanner will automatically scan the entire market of thousands of stocks to find the specific conditions you told it to look for. When you are starting out, swing trading allows you to trade at a slower pace while practicing the more complex day trading strategies, but still learn about how the market works. Stock Charts are a form of technical analysis. Yes, this means the potential for greater profit, but it also means the possibility of significant losses. A sell signal is generated simply when the fast moving average crosses below the slow moving average. Just like any other profession, if you are serious, you have to evaluate whether or not this is really a potential career path.