Okay, so yesterday, I tried my hand at some blues trading, and it was a wild ride, let me tell you. It all started when I stumbled upon this article about trading styles.
I thought, “Hey, why not give it a shot?”
So, I went in, feeling all confident. First, I read up a bit on day trading for beginners. Got the basics down, you know, like how to manage risk and stuff. There was a lot of info to take in, but I tried to keep it simple, like those “for dummies” guides.
Then, I jumped into learning about the key trading basics. Learned about support and resistance levels – that seemed straightforward enough. The idea is to trade between these levels, right? It sounded like a decent strategy for a newbie like me. I found some more tips on a blog, and felt ready to go.
Next up, I decided to look into forex trading. Man, that’s a whole different beast! The numbers are insane – we’re talking trillions of dollars daily. I found a beginner’s guide that simplified things a bit, which was super helpful.
Now, here’s where it gets interesting. I decided to mix things up and apply some blues music concepts to my trading. I know, sounds crazy, but hear me out. I learned about the 12-bar blues, which is like the backbone of blues music. It’s all about the I, IV, and V chords. In the key of E, that’s E7, A7, and B7. Simple, right?
So, I thought, “Why not use these chords as indicators?” I started with E7 as my baseline. When the market felt like it was hitting an A7, I’d buy, and when it swung to B7, I’d sell. And for some crazy reason, it kinda worked! I was riding the market like a blues scale, going up and down those frets.
Here’s a simple breakdown of what I did:
- Started with the basics: Read up on day trading and forex.
- Learned about support and resistance: Used these levels to guide my trades.
- Dived into forex: Got a basic understanding of the foreign exchange market.
- Applied blues music theory: Used the I, IV, and V chords (E7, A7, B7) as trading indicators.
- Traded based on the “blues scale”: Bought at A7, sold at B7, with E7 as the baseline.
I even tried that blues turnaround thing. You know, where you walk down the E7 chord in half steps? I did that with my trades, moving down gradually until I hit my E7 again. It felt like playing a blues riff on a guitar, but with money.
In the end, I made some, I lost some, but man, it was fun. It felt like I was onto something, you know? Maybe this blues trading thing has some legs. I’m definitely going to keep messing around with it. It’s like making music with the market – chaotic, unpredictable, but when it works, it’s beautiful.
So, that’s my blues trading story. It might sound nuts, but it was a blast. Give it a try sometime, you might be surprised!
