he should know what he is doing...investment or trading is not something that can be learned 'on the fly'
Advice for all the noobs who want to be a full time trader...
- Thread starter vincentnyc
- Start date
I watched the video. The advice seems quite reasonable. Not sure why there are the negative comments. Start small, be humble, build discipline, have stops and price targets. I suspect the suggestion for FAS/FAZ is for a high leverage (futures-like) products for normal stock accounts. I do not follow Al Brooks but he has a good reputation.
recommending FAS/FAZ to newb
at least, he didn't shamelessly plug in advertising for his book or his website
I think he has the personality for being a trader.
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It is reasonable.
Just a lot of fucking tools in this thread acting like they know the ins and out of the how the investment world really works. Pretty sure they know Jack shit other than how to talk out their asses.
If Brooks is a no good shill then prove it you jackasses. Otherwise keep claiming falsities - and do everyone else here a favor and see your mouth shut to keep any more diarrhea from pouring out of it.
Depends on the strategy. If 50-100% loss does not cause massive problems for overall performance then it's acceptable. Stops also can cause massive losses if placement is just a bit off. Unless you're one that can place stops absolutely perfectly, haven't seen anyone do that.
For example now for one strategy I use a stop, for another a target and a price based exit only. Due to volatility in the latter, a stop would only cause me to be whipsawed out.
Hi @padutrader
There is NO way you would be laughing on opium. I have tried it as well, and it's an opiate that sedates you. What you, and your friend had was POT, also known as weed/marijuana. This could indeed make you laugh for hours, but not for 12 hours. I have been around, and spent an entire summer in "coffee shops", in Amsterdam, so I understand the whole laughing thing. However, this does NOT happen with opium.
The only time that I was under the influence for a period of time like TWELVE hours, was while doing Ayahuasca in the middle of the Amazon jungle in Peru. Maybe you want to give Ayahuasca a try?
Just keeping it straight, buddy...
Next thing you know, you will be tripping hard core on oregano...
So far, his advice "I would trade small..." is some I'm regretting not adhering to.
Start small. That's a good advice back then. Have a journal - would have been even better, since back then, most likely, there hardly was any demos/sims.
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You read/listen about newbs jumping right in with 5 or 6 figures & you scratch your head while looking down.
Like, why, - why would you do such a stupid thing...?
Must be a greed, overconfidence(competitiveness mixed with the need of being significant), the desire to break out of current living conditions or in worst case scenario, - low intellect.
Got some credibility to speak about newbs starting out, cuz in July it's my first year with real acc. All profitable. But it was 3 years of careful & strategic preparation before real account was open.
Read somewhere that you need to imagine that your account is a Roman Legion & you're the General.
How would you command those 6000 soldiers & souls ?
Would you advance straight forward into unknown lands & forests, or would you order to build a fortified camp & send out small parties of scouts first ?
Speculant , - from Latin ,,Specularis", - a scout/spy.
It is a game of perseverance, that filters out those unworthy & rewards those who simply refuse to - give up.
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You read/listen about newbs jumping right in with 5 or 6 figures & you scratch your head while looking down.
Like, why, - why would you do such a stupid thing...?
Must be a greed, overconfidence(competitiveness mixed with the need of being significant), the desire to break out of current living conditions or in worst case scenario, - low intellect.
Got some credibility to speak about newbs starting out, cuz in July it's my first year with real acc. All profitable. But it was 3 years of careful & strategic preparation before real account was open.
Read somewhere that you need to imagine that your account is a Roman Legion & you're the General.
How would you command those 6000 soldiers & souls ?
Would you advance straight forward into unknown lands & forests, or would you order to build a fortified camp & send out small parties of scouts first ?
Speculant , - from Latin ,,Specularis", - a scout/spy.
It is a game of perseverance, that filters out those unworthy & rewards those who simply refuse to - give up.
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it is a local stuff that is called 'bhang' and is served during the festival of Holi.