Hi:
I'm Jas and hvae read through a few threads and various messages and found some useful insights.
In short I dabbled in trading years ago, and was even trained and licensed as a broker. Failed miserably as for some reason had a real aversion about cold calling & selling. Ended up leaving the business. In the intervening years mostly forgot about the market, until just recently after the crash I noticed the price of stocks last March. It so happened I had a small broker managed account of penny stocks that had virtually tanked. I then liquidated and bought Citigroup with the cash. Ended up being 3445 shares with bad fills. Anyway at the time I wasn't following the markets close enough and wasn't able to look over hundrfeds of other murdered stocks and grabbed the cheapest famous stock I could fearing an imminent counter tend rally that would quickly push the stock up over the 2 to 2.50 trading range at the time. In hindsight I was rather rash and impatient as there were so many stock to pick from and most a lot better performing than Citi. At the time though my rationel was that if Citi went down the whole system was still in big trouble, and if it survived it'l get back to $20 plus in the next few years.
To cut the story short this one simple transaction during the end( I think) of one of the biggest meltdowns in history, started my focus back on the market. Since then reread and read; McGee, Elder, Thorpe, Douglas, Murphy and others including a pile still waiting. Also began scouring the websites. Wow!, there are sure a lot of Gurus and and what have yous out there, mostly just hungry for our money. Just recently however I decided to open a small account with an online broker, Thinkorswim, essentialy because they provide a free platform and without any other hidden costs that I can see. I'm planning to trade according to my account size of about $10k, concentrating on the S&P e-minis. One contract sizes and see how I do. My method will be as a discretionary trader with a very simple tools beyond price action to determine entry and exit tactics. My primay aim is to trade within and with established trends with a strict money management system. If I'm reasonably succesful according to my objectives, I'll add to my capital. That's about it. I'll be checking this site from time to time to glean any words of wisdom on various topics and if I learn anything that might be of particular value to any of you I'll pass it on as well. Happy trading to all of you.
I'm Jas and hvae read through a few threads and various messages and found some useful insights.
In short I dabbled in trading years ago, and was even trained and licensed as a broker. Failed miserably as for some reason had a real aversion about cold calling & selling. Ended up leaving the business. In the intervening years mostly forgot about the market, until just recently after the crash I noticed the price of stocks last March. It so happened I had a small broker managed account of penny stocks that had virtually tanked. I then liquidated and bought Citigroup with the cash. Ended up being 3445 shares with bad fills. Anyway at the time I wasn't following the markets close enough and wasn't able to look over hundrfeds of other murdered stocks and grabbed the cheapest famous stock I could fearing an imminent counter tend rally that would quickly push the stock up over the 2 to 2.50 trading range at the time. In hindsight I was rather rash and impatient as there were so many stock to pick from and most a lot better performing than Citi. At the time though my rationel was that if Citi went down the whole system was still in big trouble, and if it survived it'l get back to $20 plus in the next few years.
To cut the story short this one simple transaction during the end( I think) of one of the biggest meltdowns in history, started my focus back on the market. Since then reread and read; McGee, Elder, Thorpe, Douglas, Murphy and others including a pile still waiting. Also began scouring the websites. Wow!, there are sure a lot of Gurus and and what have yous out there, mostly just hungry for our money. Just recently however I decided to open a small account with an online broker, Thinkorswim, essentialy because they provide a free platform and without any other hidden costs that I can see. I'm planning to trade according to my account size of about $10k, concentrating on the S&P e-minis. One contract sizes and see how I do. My method will be as a discretionary trader with a very simple tools beyond price action to determine entry and exit tactics. My primay aim is to trade within and with established trends with a strict money management system. If I'm reasonably succesful according to my objectives, I'll add to my capital. That's about it. I'll be checking this site from time to time to glean any words of wisdom on various topics and if I learn anything that might be of particular value to any of you I'll pass it on as well. Happy trading to all of you.
