Advice to New Traders

[AkbarTrader]

What do you advise first to do for new day traders?

Thank you for your reply.

 

[limitdown]

observe

read

read the WSJ daily

ask questions (oh, you already did that)

take small risks......

 

[Ebo]

Don't listen to 95% of the rubbish you read on this message board.

But Seriously, marry an extremely wealthy beautiful girl who does not ask what you do all day in front of your computer!

 

[Ripley]

start looking for a job...

 

[EqtTrdr]

Quote from Ripley:

start looking for a job...

best advice there is...

 

[mishwar]

While you learn............

paper trade and then ........

Preserve Capital
Preserve Capital
Preserve Capital

 

[mishwar]

....... and then hope for divine help to take you along.

May the force be with you

mishwar

 

[bitrend]

Argue with experienced ET members.

Quote from AkbarTrader:

What do you advise first to do for new day traders?

Thank you for your reply.

 

[Thunderdog]

Quote from Ripley:

start looking for a job...

"Do as I say, and not as I do."

 

[bitrend]

Preserve Capital
Preserve Capital
Preserve Capital
...

Once a trade is made then the Preserve Capital Rule is no longer valid. Finally, a trade will never been made since the Preserve Capital rule is always applied.

Quote from mishwar:

While you learn............

paper trade and then ........

Preserve Capital
Preserve Capital
Preserve Capital