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    How viable is this approach with warrants?

    Underlying currently trading at 12045. Ask price has gone up to 0.10. If today / tommorrow the index trades higher it can easily go up another notch, so that means I get a 11.11% return on my capital in less than a day? It can't be so simple.. or is it?
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    How viable is this approach with warrants?

    I plan on purchasing extremely cheep OTM warrants (american style) of the Spanish Index. Current price of the index is hovering around 12000-12100. The trend seems pretty bullish. I plan on buying 1000 euros worth of extremely cheap call warrants with a strike price of 14000 for the...
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    Wanting to start a systematic trading approach

    Excuse my ignorance. Could you please elaborate on how I calculate how many shares one should buy? I understand where you are going with the 1% risk per trade (hence $100). That is your determination of the risk you want to take per operation. Now what I don't understand is where you get /...
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    Wanting to start a systematic trading approach

    Ok. I am willing to put in the hard work and learn before jumping in and doing something stupid. I don't want to do anything impulsive, just to find out that I made a big mistake, start regretting my actions, and feeling that I should quit this field. Where can I learn the BASICS of...
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    Wanting to start a systematic trading approach

    For a guy that is starting out, do you people recommend to swing, position or day trade? I plan on risking part of my own savings. Currently 5000 euro. Instead of buying the stocks I'm going to concentrate on the options of the blue chip spanish stocks as well as on the whole index. (Atleast...
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    Wanting to start a systematic trading approach

    You see people, being a newb in this world is pretty aggravating. There's too much info, sometimes it makes things more complicated than what they should be. I really don't know how to proceed. Should I get to reading more abt trading? How do I actually START trading? With what tools, what...
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    Wanting to start a systematic trading approach

    Ok. so after starting a thread in this very forum titled "serious newbie in search of knowledge" I have gone ahead and educated myself a bit more in this field. My first impressions after researching much abt trading is that its a business based off the laws of probabilty. Where outcomes are...
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    Serious newbie in search for knowledge

    Is this kind some kind of a lame troll attempt? I was merely expressing my interest in the subject at hand. Does that really make me a loser?
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    Serious newbie in search for knowledge

    I just dont understand all the skepticism and negativity related to earning your monthly expenses out of trading.. ..is it that tough to make 3k-4k a month in the long run? Please note I am talking about doing so in 4-5 years time, not from the get-go. I believe that a good educational...
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    Serious newbie in search for knowledge

    I visited the link you posted. However, they only deal in CFDs. And the free software for download is a 14-day trial version. Are you sure you can paper trade on their platform?
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    Serious newbie in search for knowledge

    Thank you for your time and such a valuable list you have posted above. I am surprised though, you haven't included any of Alexander Elder's books. What is your (personal) view on them? I believe I shall start with what you call "introduction & context" books. I shall pick up one of those...
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    Serious newbie in search for knowledge

    excuse me for my noobishness, but could you please elaborate?
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    Serious newbie in search for knowledge

    Thank you all. I shall resort to building a trading library then, since it seems that all the books recommended would be useful to own and read for extending my knowledge. Regarding paper trading, are there NO simulator programmes that do not require a $US deposit in a brokerage account...
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    Serious newbie in search for knowledge

    I agree. But rather taking the expensive step of learning (or to be more precise: gambling) at the expense of my own personal account, I prefer to study the markets and resort to reading and paper trading. Any good paper trading programmes / simulators that are synched with real time...
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    Serious newbie in search for knowledge

    I most certainly agree. Anyways, of all the books listed on this thread: which should be my FIRST purchase. Kindly note I am a total newbie to this profession and the finance industry in general. I currently need a book that DOESNT focus on advanced tips and other minutia, but can...
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    Serious newbie in search for knowledge

    Wow. Some really helpful people on this site as I can see! Anyways, just wanted to thank you for the advice. I plan on getting my degree and apply for some well paid job. I also am determined to keep away a substantial part of my salary which will be destined for trading (although I...
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    When trading the trend....

    I would llike to know this as well. Could some of the pros please enlighten us?
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    Serious newbie in search for knowledge

    Hello everybody. I am new to Elite Trader as well as to Trading in general. However, I have extreme interest, passion and determination to learn this profession. I follow the markets, the news, etc. and already have set up an account with a brokerage firm. I am also reading whatever...
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