Iím New To TRADING Ė Where Do I Start?

This is a discussion on Iím New To TRADING Ė Where Do I Start? within the First Steps forums, part of the Reception category; Originally Posted by Penny Picks Here are "5 Successful Short-Term Trading Rules 1) The odds are in your favor when ...

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Old Feb 12, 2018, 11:49am   #201
 
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Quote:
Originally Posted by Penny Picks View Post
Here are "5 Successful Short-Term Trading Rules

1) The odds are in your favor when you trade with the major trend.
2) Always trade using stops. Never cancel a stop.(Keep in mind that
STOPS don't always work)

3) Plan your trade and trade your plan.
4) Never try to pick tops or bottoms, the market may surprise you.
5) Go with the flow. Donít fight the markets.
Oh, wise words! Thank you.
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Old Feb 12, 2018, 4:11pm   #202
 
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Originally Posted by Luckiest Luke View Post
Oh, wise words! Thank you.
Just an explanation of why S/L doesn't always work. This applies to a lot of the other markets as well
1.Commodities
2.FX
3. The energy markets.

This started out as a pretty good 'Penny Trade' but as with a lot of things there might be some "Walking Dead" hiding in the closet.

I could have bailed, or at least saved some of the investment. Oh well. It might just come back when the trader of traders smiles down on a dumb trade plan.
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Old Feb 14, 2018, 4:13pm   #203
 
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Strategy by SMB Capital for the US stock market

For those who start trading in the stock market, i recommend this review of day trading course. This course was created by the company SMB Capital. This is a detailed review of the strategy for the US stock market: tradinglab.tech/en/
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Old Feb 15, 2018, 5:52am   #204
Joined Feb 2018
Thanks for the detailed response
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