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NEVER GIVE UP! I had 14 straight losing months, before i saw the light. Let off the gas a bit ...let the risk be so small that a loss is insignificant...that will bring clear rationale analysis to a trade. Also it wouldn't hurt to pick sectors that are in sync with the economic cycle when swing...

Stop loses are a crucial part of money management..... i had 14 loosing months in a row before i began making some $$, during that whole time my account was never down more than 6%...why?...because of sound money management and stop loses. Cramer is the only famous trader i know that says stop...

Well...you didn't say what type of trading you will be doing...is it Forex? Futures? Equities?....If you're going in this with absolutely no knowledge whatsoever, i would think a combination broker / platform like E-trade or Scottrade would do just fine. (Providing you would be swing trading...

Resist the temptation to trade large amounts in the beginning. You will be reading how so many people are making huge amounts of $$$ on a particular week or month, and it will seem like your the only one not making any money...but do not give in and suddenly increase your risk for the sake of...

its horror stories like these that keep me playing in the shallow pond water of stocks only.

Do you mean a pullback so as to enter on a stock that is on a healthy uptrend? I would think it would be difficult to come up with an average number since stocks vary greatly. If its a strong uptrending stock, in a strong industry, usually dont pullback more than 50% from their last pivot lows...

I got into trading because it is such an exotic way of making money. I also barely graduated from high school with math being my weakest subject....so this is like a huge challenge for me. I dont really have a standout trade but i had some really nice weeks. About 2 months ago i had a week where...

i am a little hesitant to name the site, for not all aspects of it are bad and don't want people to think am thrashing everything about them. All am saying is that their methods for taking a play simply don't work very well, maybe they did at one time...years ago, but in present time it never...

Thanx TL ..... appreciate it!

i am getting more and more interested in e-minis. Was wondering what are some of the users here favorite indicators for trading the e-minis. thanx

Typhoon, i think your in the right track with having a trading plan. Its so important....it should be extremely detailed especially when it comes to money management...with 20k account you really have to use discretion on a stocks price. EXAMPLE: Suppose you buy 2 stocks...one is $15 / share...

THANX!

The method is very simple and straightforward with no frills.....I swing trade, hold a position from a few days to weeks. I do a top to bottom approach...first i see if market is in a rally mode or correction, that determines if majority of my trades will be long or short. I use Marketedge.com...

thanx charlestrader for that link. NihabaAshi what you said makes alot of sence....thats good advice thanx!

I have i alot to learn ofcourse, and will look for a service / school that can change with the markets.

I am a new to trading.....been trying for 2 years now....i read many times how people can pick this up and start making money after only a few months...but im yet to make any money. I had 14 loosing months in a row and was begining to think i was not meant for this. You see, very early on, i...

I was wondering what everyone thinks is the best training schools for trading are...or websites / services. thanks