Annaa said:
Annaa
But it is a Valid Question.
Are you a day trader? Position trader? Swing trader? The best advice I can give you is LIMIT YOUR LOSSOS! This is one of the most important rules that a day trader must learn. There is no rule of thumb as to how a day trader should limit his or her losses, but there are basic steps that can be followed. One of the main reasons people lose money in day trading is because they do not limit their losses. For example, a person that claims to be "day trading" buys a stock and when the stock starts dropping, he says to himself, "
I am going to wait because the stock is going to go back up." The stock then continues to drop and he realizes that he should have sold it earlier, when he was losing less. When the traditional "closing" time of the stock market is near, he decides that he is going to hold the stock until the next day, when it will surely recover. News is released overnight that is negative for the entire market. When the market opens the next morning, all stocks are lower, including the stock of our alleged "day trader."
At this point, the "day trader" is a lot more nervous and a lot less wealthy. His denial reaches such gigantic proportions, that he convinces himself that he is really not a "day trader, but an "investor," and he is thus going to hold the stock as long as it takes to make up what he lost. As the stock plummets into oblivion, he loses his sleep and becomes severely depressed, convinced that day trading does not work and looking for someone, rather than himself, to blame for his pain and suffering. Don't let this happen to you.LIMIT YOUR LOSSOS!
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If you are an absolute beginner, I would say start with the books, they are cheaper and often provide the best value for money.
Looks at books by Elder, Gary Smith, Tharp etc
In the teaching business there are many sharks out there and you have to be careful before you hand out your money to someone. I would recommend against courses, read books and spend your capital in the markets, learning from your mistakes and limit your losses, practice a good risk management strategy.
If you decide to buy an educational course or training anyway, go for something which offers an unconditional (and this is important) refund option for a decent time, say 3 months.
Best of Luck !!!
Looks at books by Elder, Gary Smith, Tharp etc
In the teaching business there are many sharks out there and you have to be careful before you hand out your money to someone. I would recommend against courses, read books and spend your capital in the markets, learning from your mistakes and limit your losses, practice a good risk management strategy.
If you decide to buy an educational course or training anyway, go for something which offers an unconditional (and this is important) refund option for a decent time, say 3 months.
Best of Luck !!!
I have been reading a lot of books, elder market wizard and many more...but I dont now where to start from here now.
Should I learn all the indicators in the TA or some specifik one? I like to swing trade more, because its make me more relax, should I learn some VaR calculating to?
Its so much I have to learn (that is not the problem) but where to start?!
Thanks
Should I learn all the indicators in the TA or some specifik one? I like to swing trade more, because its make me more relax, should I learn some VaR calculating to?
Its so much I have to learn (that is not the problem) but where to start?!
Thanks
rizwanuk said:
neil
Legendary member
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Less talk - more action
No one can tell you the way to profitable trading. You have to make the effort to take your new found knowledge and experiment ie. paper trade etc.
You are clearly confused. One way out of this confusion is to spend some months experimenting. Use the "Search" facility to study , use "resources" and the "traderpedia" at the top of this page. Practice, practice gives you the small part necessary for success but the tough part is self mastery . It's hard work and no one but you can find what suits you. You will find you will take bits from here, there and everywhere to construct your own style. Make many starts, try TA and no TA etc but get out there and enter the fray. Get some experience then pop back for more chat and discussion of actual experience. Good luck.
Annaa said:
No one can tell you the way to profitable trading. You have to make the effort to take your new found knowledge and experiment ie. paper trade etc.
You are clearly confused. One way out of this confusion is to spend some months experimenting. Use the "Search" facility to study , use "resources" and the "traderpedia" at the top of this page. Practice, practice gives you the small part necessary for success but the tough part is self mastery . It's hard work and no one but you can find what suits you. You will find you will take bits from here, there and everywhere to construct your own style. Make many starts, try TA and no TA etc but get out there and enter the fray. Get some experience then pop back for more chat and discussion of actual experience. Good luck.
I have been watching the swedish market for 2-3 years now and folowed 3 stocks very often, and i think I have some kind of "feeling" for those stocks now, I dont now how to use TA and other indicators..thats whay I dont trade, should I make some trading for those stocks that I have been following ?
rizwanuk said:
Stockjunkie
Active member
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It makes me laff , when some non descript person crops up and makes blanket statements about courses .
Just because they have may been ripped off by someone don't mean for one instance that ALL courses are bad . Some are , some OK , the very few are excellent . It is for the client to chose carefully but he should bear in mind the motivation of the naysayers .
It's like " if I am for whatever defeciency, cannot find a good course , I am going to do my damnest to condemn all courses out of spite and bitterness. "
I'm willing to bet that these so called traders who have newly " found the light " , couldn't produce 1 scrap of proof that they can actually produce a true winning record . And even more so that they are the gambler type , who got frustrated that they latest gimmick they tried did not work .
Just because they have may been ripped off by someone don't mean for one instance that ALL courses are bad . Some are , some OK , the very few are excellent . It is for the client to chose carefully but he should bear in mind the motivation of the naysayers .
It's like " if I am for whatever defeciency, cannot find a good course , I am going to do my damnest to condemn all courses out of spite and bitterness. "
I'm willing to bet that these so called traders who have newly " found the light " , couldn't produce 1 scrap of proof that they can actually produce a true winning record . And even more so that they are the gambler type , who got frustrated that they latest gimmick they tried did not work .
Stockjunkie said:
Some people on these boards may have an agengda, even a course to sell. If people look through their profiles and go to their homepage link they will exactly know where to buy the courses from.
It may be a good idea while making a comment about something which you yourself sell, to make your conflict of interest known upfront. So that people do not rely on you as an indpendent source.
Whereas I do not have anything to sell. My conclusion is that most courses are not worth the money. Whereas books provide the value for money.
Can you help me where I can search for all that, I think amibroker is good but havnt used it.
Where can I read how devolpe a system ( I want to do my own system) but dont now how.
What is a system, how to build one..you now like this quastions..
Where can I read how devolpe a system ( I want to do my own system) but dont now how.
What is a system, how to build one..you now like this quastions..
rizwanuk said:
