EXACTLY the opposite...THATS why my husband quit trading...he HATED the emotional toll it took on him...he now shoots three cushion billiards, makes wine and golfs...while I'm here churning our account 
Are there any Lady Traders on ET? How do you trade, what are your strategies?
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The beauty of a computer is that it does not know if you are a man, woman, color of skin, creed, or your religion. If we were not in the electronic age I would not be trading because I would have to talk to men....and deal with their preconceived ideas...(not all men of course)
I can make as much money as I want and know one will question...the funny thing is my husband has this great office and I have a small space tucked away in a spare bedroom...he has business cards and printed envelopes...but I'm making the dough
I can make as much money as I want and know one will question...the funny thing is my husband has this great office and I have a small space tucked away in a spare bedroom...he has business cards and printed envelopes...but I'm making the dough
Strange, I how found it the opposite. The women traders I have had or dealt with in the past have no problem (initially) following instruction and staying strict. The majority had a better risk management them the men. They had no problem taking a small hit while the men took it more personal..
My youngest daughter (early teens) has traded currency and made money as she exits trades without emotion..she cares less how much money the trade made or lost just knows if x happens exit or buy/sell. She does not take it personal.
I see women becoming more abundant as time goes on as they can trade from home etc as a lot of traders do and the fact there is software available to teach one how to trade without the MBA.
Day trading has made it almost available to the ma and pa shop with the ability to self direct one's IRA etc.
AS with most humans once you start to become successful and more knowledgeable of the business both men and women become more greedy and take trades personal in my experience.
I personally think once you have a money goal versus just trading, most traders run into problems.
w
I'm glad all the women traders are holding up their own,
My 60 year old mom is constantly daytrading on a little dell laptop I gave her and she's always calling me up about this new indicator she found out "Hey coolweb, you know this MACD thing, ITS REAL ACCURATE! Have you seen it? I buy when it bulges out real big at the bottom "
hehe I just let her do her thing, Seems like a good past time and keeps the brain working from alchemizers.
My 60 year old mom is constantly daytrading on a little dell laptop I gave her and she's always calling me up about this new indicator she found out "Hey coolweb, you know this MACD thing, ITS REAL ACCURATE! Have you seen it? I buy when it bulges out real big at the bottom "
hehe I just let her do her thing, Seems like a good past time and keeps the brain working from alchemizers.
I like the lady that said when using computers a trader can trade anonymous as to sex, color etc. Excellent!!!!
The beauty of the electronic entry is also not who you are in those regards but "WHAT" you are. In the days of the phone call to the dippy broker he would answer even the phone of "SMALL FRIES" on average slow days, the "BIGS" had a seperate number, but get in a FAST mkt and you were hung out to dry. These days with FIFO we "ALL" get a fair shot, kind of like a financial democracy where the littles get to step on the bigs......( mind you i trade on Globex )
The beauty of the electronic entry is also not who you are in those regards but "WHAT" you are. In the days of the phone call to the dippy broker he would answer even the phone of "SMALL FRIES" on average slow days, the "BIGS" had a seperate number, but get in a FAST mkt and you were hung out to dry. These days with FIFO we "ALL" get a fair shot, kind of like a financial democracy where the littles get to step on the bigs......( mind you i trade on Globex )
its ALZHEIMER's...and DON'T patronize (to adopt an air of condescension toward) your mother 
I don't think of myself as a lady trader, but I know I am a beginning trader. The experience thing is far more important than the gender thing.
I have been working on teaching myself swing trading, mostly just trend following. Its not exciting, but I am learning. Right now I am working on figuring out how to best set stops.
I have been working on teaching myself swing trading, mostly just trend following. Its not exciting, but I am learning. Right now I am working on figuring out how to best set stops.
setting stops is quite subjective, depends a lot on what you trade, your time frame, etc. Give us something to give you a ballpark assumption....
Such as this; William O'Neil of the newspaper says use an 8% stop on stocks if you use the 200 day moving average. The 200 day mov avg is like for rrrreeeeaaaalllllllyyy long term from my prospective. ..........
Give us a few hints and surely some of us will help with "SUGGESTIONS"....
Such as this; William O'Neil of the newspaper says use an 8% stop on stocks if you use the 200 day moving average. The 200 day mov avg is like for rrrreeeeaaaalllllllyyy long term from my prospective. ..........
Give us a few hints and surely some of us will help with "SUGGESTIONS"....
I don't follow O'Neil's 8% rule, although I get his newspaper.
When I first get into a stock, I determine my stop using the 2% rule (of trading account). If the 2% rule leaves me flapping in the breeze(not near anything that can be called support), I know its a risky trade. After each day, I look at the chart and if the stock has moved in my favor, I move the stop. I have been trying to calibrate how much to move the stop based on the average volatility of the stock, but so far that has just caused me to get out of winning positions too soon.
Today I spent most of the day looking at weekly charts. I've decided one of my problems is I'm trying to swing trade, but I spend lots of time looking at 5 minute charts. Stepping back is helping me get a better feel for the trend, and sort out the noise from the reversals.
let the ridicule begin.
When I first get into a stock, I determine my stop using the 2% rule (of trading account). If the 2% rule leaves me flapping in the breeze(not near anything that can be called support), I know its a risky trade. After each day, I look at the chart and if the stock has moved in my favor, I move the stop. I have been trying to calibrate how much to move the stop based on the average volatility of the stock, but so far that has just caused me to get out of winning positions too soon.
Today I spent most of the day looking at weekly charts. I've decided one of my problems is I'm trying to swing trade, but I spend lots of time looking at 5 minute charts. Stepping back is helping me get a better feel for the trend, and sort out the noise from the reversals.
let the ridicule begin.
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