Search results

The most important lesson is that trading takes time. Lots of time. You must study like you are trying to graduate from harvard. Never give up, don't listen to the naysayers and don't take it personal. Trading is not a get rich quick scheme. It takes lots and lots of time to understand the...

good advice spyder, it has taken me a long time to have discipline in my trading. I remember in the beginning i would have $2000 losers, $1500 losers, now i havn't had a loss bigger than $145 last 4 months (knock on wood)Here is some more of my personal rules. „« Don¡¦t worry about...

here is a small list of my personal rules that i have made over the last 10 years. „« Learning to trade is like learning to drive a car. When you are learning you can¡¦t have the radio on, looking for hot girls, reading signs and watching other cars. 1 step at a time, everything in...

come on guys! you can always start a reserve fund whether it be $5 a day or $50 a month. My point is that by spending like crazy you are adding to the problems of this country. Make a reasonable budget for yourself and follow it for 1 month. I bet that you would be surprised at how much...

Sandy is that the best senario you can think of, of course having insurance helps but if you manage your money right then you should have an emergency fund to deal with unexpected things in life like a $1000 bill from the hospital. My point is that you don't need to charge those $200 jeans and...

we as americans have been raised to charge, charge, charge, borrow borrow. We have to change our mind set from being a nation of debtors to a nation of savers. Dont use your credit cards anymore, dont buy a bunch of useless crap. If you don't have the cash then don't get it, wait an extra...

Well this thread was about the dollar figure per day, all i am saying is that as a beginner you need to set your sights low. if you can take baby steps then you will be successful. as you get better at trading your $$ will go up. there are many aspects to trading but this thread was about $$...

Here is my 2 cents, a successful trader can COLLECT information, ANALYZE information, make a DECISION, and IMPLEMENT your decision. A successful trader must be humble and at peace with himself/herself. Being Emotional does nothing but hinder your psyche and trading abilitiy. Learn Yoga...

iv been trading for years now and i think the $500 per day is too high an amount to focus on. They say the way you build up your confidence is to set your target low and consistently achieve that. My recommendation is that you set your daily goal to $50/day at the beginning of the month...

ES actually works pretty well with the ACD methodology. Fishers main markets are the energies, ES, and ZB. I think for a beginner all these markets move too fast for someone who doesnt have a strong grasp of the method. I would recommend the ZN which is basically a slower version of the ZB...

when it comes to the OR(opening Range) fisher updates his numbers every now and then so i think when the book was written it was as the appendix sais but now it has been changed to the 45 minutes. The A & C values are current and should not be messed around with. Stick to learning the basics...

ACD works great with CL but CL is not something you want to start with when learning ACD. The opening range is 45 minutes with an A value of .08 cents and a C value of .13 cents. I would simtrade CL if thats what you want to trade for at least 2 months. Then keep reading the book as you will...

keep paper trading till you are successful for at least 3 months. Don't make any unusual trades and only trade 1 lots. you need a good foundation before you risk real capital. i have written a book on all the ins and out and my struggles trading. Let me know if you want a copy of it.

ACD is my favorite, i have been using it for the last 10 months. It takes awhile to get used to it and understand all the layers that fisher talks about. However it is by far the best trading method i have come across. ACD works better if you use it on the markets that fishers firm uses it...

i totally agree with youngone, take 75k put it in a money market and trade with the 25K, and only trade in lots of 100 for stocks and 1 lots with commodities till you are profitable for at least 3 months then you can raise your contracts or shares by a factor of 1 for every week that you do...

if you want to become a trader, go back to school and get a simulated account. Make your mistakes there and after a year of simulated trading and saving your 300/ month you can get into the world of trading live but you will have 1 yr of experience which is an absolute must. In the mean time...

CIT is one of the worst run companies around. And as a crap company should be let to die so that others can learn from their mistakes and never run a company to the ground again. If i can not make good business decisions then i should not be running a company.

nothing wrong with reading books. Trading is hard, no doubt about it. the odds are against you for the first 2 years. however edison failed 2000 times before he created the filament for the light bulb. asked how he felt about failing 2000 times he said he didnt fail 2000 times he just found...

i thought zanger was a pretty good trader. didnt he turn 11,000 into 18 million in 18 months or something? i don't follow stocks but goldman does give us a lot of insight into the bond, treasury markets. i wouldnt trade against them. however i would take what zanger sais and do some research...

RSI is just an indicator when combined with other signals you can make an educated trade with proper money management. No 1 indicator can be the basis for a trading plan, you forget the other components to become a successful trader. don't limit yourself to just 1 tool but learn to incorporate...