Best strategies to start trading

farmerjohn1324 · Dec 22, 2019

ironchef said:
Not martingale.

So tell us

farmerjohn1324 · Dec 22, 2019

Steve Alexander said:
I have been trading since 1969. My worst year was 2008, when I made 11%. My best year, I made well over 50%. This past year, I made 67%, so far. Here's what I recommend:
1. Stop listening to "economists". Who told you they know anything about trading?
2. Throw away your TV. I haven't had one in 20 years.
3. Never read or watch anything from Main Stream media - especially the New York Times.
4. If you absolutely must follow someone, follow me. I tweet all my trades the day BEFORE I make them, and I've been doing this since November, 2018 (@RandomFour). No charge. Merry Christmas.

I have subscribed to your YouTube channel.

murray t turtle · Dec 22, 2019

Steve Alexander said:
I have been trading since 1969. My worst year was 2008, when I made 11%. My best year, I made well over 50%. This past year, I made 67%, so far. Here's what I recommend:
1. Stop listening to "economists". Who told you they know anything about trading?
2. Throw away your TV. I haven't had one in 20 years.
3. Never read or watch anything from Main Stream media - especially the New York Times.
4. If you absolutely must follow someone, follow me. I tweet all my trades the day BEFORE I make them, and I've been doing this since November, 2018 (@RandomFour). No charge. Merry Christmas.

%%
Good points;
but i only agree with the '' …….away...…….TV'' about 80%. I seldom watch much TV, but the bank or MCD may have on FOX news, FOX business, + I tend to check out S&P 500, Nasdaq, QQQ..... on their screen- sure don't have to.
Most in media confuse gambling with market business; using that lamebrain lack of logic;
since we gambled for$ 00.25[quarters] as kids in the pool hall; is that why so many funds divide the year into quarters????,?????.LOL

,

Merry Christmas/Happy Hanukkah+ holidays

ironchef · Dec 22, 2019

farmerjohn1324 said:
So tell us

Why don't you google Ed Thorp and roulette.

farmerjohn1324 · Dec 22, 2019

ironchef said:
Why don't you google Ed Thorp and roulette.

Ok.

Do you personally know any strategies?

Cause it sure as hell isn't me free hand drawing "trend lines" over tick charts. I went back and read a lot of @Steve Alexander 's old posts. He said he's never met a profitable day trader, only swing traders. That sounds reasonable to me.

In Thorp's hedge fund, it says he only made 20% per year.

ironchef · Dec 23, 2019

farmerjohn1324 said:
Ok.

Do you personally know any strategies?

Cause it sure as hell isn't me free hand drawing "trend lines" over tick charts. I went back and read a lot of @Steve Alexander 's old posts. He said he's never met a profitable day trader, only swing traders. That sounds reasonable to me.

In Thorp's hedge fund, it says he only made 20% per year.

Why don't you google Jack Schwager.

helpme_please · Dec 23, 2019

farmerjohn1324 said:
Ok.

Do you personally know any strategies?

Cause it sure as hell isn't me free hand drawing "trend lines" over tick charts. I went back and read a lot of @Steve Alexander 's old posts. He said he's never met a profitable day trader, only swing traders. That sounds reasonable to me.

In Thorp's hedge fund, it says he only made 20% per year.

You've high expectations. ONLY 20%. If you can make 20% this year, you're among the top hedge fund managers. Hedge fund managers are usuallu well paid, despite delivering poor performance to their clients as a group.

farmerjohn1324 · Dec 23, 2019

helpme_please said:
You've high expectations. ONLY 20%. If you can make 20% this year, you're among the top hedge fund managers. Hedge fund managers are usuallu well paid, despite delivering poor performance to their clients as a group.

I can make better than 20% doing other things besides trading.

The average of the S&P since 1983 is over 20%. So what kind of accomplishment is that?

Wheezooo · Dec 23, 2019

Steve Alexander said:
I have been trading since 1969. My worst year was 2008, when I made 11%. My best year, I made well over 50%. This past year, I made 67%, so far. Here's what I recommend:
1. Stop listening to "economists". Who told you they know anything about trading?
2. Throw away your TV. I haven't had one in 20 years.
3. Never read or watch anything from Main Stream media - especially the New York Times.
4. If you absolutely must follow someone, follow me. I tweet all my trades the day BEFORE I make them, and I've been doing this since November, 2018 (@RandomFour). No charge. Merry Christmas.

1 and 3, a million times yes.
2... hmmm... bit excessive. My only good memories from my first nine months of work was Bodyshaping by Kiana. Without that, I think I might have quit.
4... Could be good advice. He's been trading since '69. I'd just make sure, every day, that he didn't put his dentures in the toaster oven. :sneaky:

...as for Merry Christmas... this is a trading website so....

...drink your gin and tonicah
And smoke your marijuanikah
If you really, really wannakah
Have a happy, happy, happy, happy Hanukkah

Happy Hanukkah!!!!

Mellov · Dec 23, 2019

Technical analysis is arguably the most effective method of Forex analysis. So OP should learn it to the last detail and hopefully will change his mind.