Best strategies to start trading

[ironchef]

@farmerjohn1324,

I hope you don't mind me saying this, you got it all wrong. You came to this forum telling us to:

1. Give you our profitable 3 indicators, or what not, so you could trade profitably.

2. Show you how to make money trading.

3. Spell things out in detail for you because you were too lazy to read, to do research, to backtest, to analyze....

4. Ect.

We gave you a few pointers here and there yet you didn't bother to read up, just kept asking us to spoon feed you.

No offense, if you want help from ET, you have to do some work yourself.

And stop insulting people:

I'm willing to guess you don't make a significant amount of money doing this.

Have a happy holiday.

 

[farmerjohn1324]

@farmerjohn1324,

I hope you don't mind me saying this, you got it all wrong. You came to this forum telling us to:

1. Give you our profitable 3 indicators, or what not, so you can trade profitably.

2. Show you how to make money trading.

3. Spell things out in detail for you because you were too lazy to read, to do research, to backtest, to analyze....

4. Ect.

We gave you a few pointers here and there yet you didn't bother to read up, just kept asking us to spoon feed you.

No offense, if you want help from ET, you have to do some work yourself.

And stop insulting people:



Have a happy holiday.

Actually I have something that takes up the majority of my time.

Isn't it the point of the forum to share information?

Lazy? No I've actually educated myself on the topic for years. Still not convinced there's any clear strategy that's significantly better than guessing.

I'm not willing or able to stare at charts all day. So I need something that will give me a signal based on closing price.

How much money did you make in the past 12 months? What was your ROI? I've only heard one person on this forum actually able to back anything up.

 

[ironchef]

How much money did you make in the past 12 months? What was your ROI? I've only heard one person on this forum actually able to back anything up.

I don't need to back anything up and you don't have to believe me. After all this is an anonymous forum, we are all anonymous posters. I am here to improve my trading skill, not to brag.

Just so you know, I am an amateur retail who derive the bulk of my annual income from trading/investing in the stock market. I have been trading full time since 2010, not an expert, just a newbie.

 

[ironchef]

Isn't it the point of the forum to share information?

Lazy? No I've actually educated myself on the topic for years. Still not convinced there's any clear strategy that's significantly better than guessing.

I'm not willing or able to stare at charts all day. So I need something that will give me a signal based on closing price.

Sharing information means it is a two way street. What can I learn from your posts?

 

[farmerjohn1324]

I don't need to back anything up and you don't have to believe me. After all this is an anonymous forum, we are all anonymous posters. I am here to improve my trading skill, not to brag.

Just so you know, I am an amateur retail who derive the bulk of my annual income from trading/investing in the stock market. I have been trading full time since 2010, not an expert, just a newbie.

Ok well after reading around here and other places, I've seen it's unreasonable to expect anything higher than 20% annually. That was George Soros' average rate of return.

So then it is better for me to keep what I'm doing with my main job. But there's still a place that trading can fit in my life...

If I have cash lying around that I won't need for a while. Perhaps trying to trade it would be better than having it sit in a checking account.

I don't have time or desire to watch charts during the day. But I do have time to check the price some time after the closing bell and see if whatever system I come up with gives me a buy or sell signal, then to place a market order for the following morning.

 

[farmerjohn1324]

Sharing information means it is a two way street. What can I learn from your posts?

Not necessarily. I go on home repair forums all the time and just ask questions.

You could learn that fundamentals is what moves markets in the long-term. Not technical analysis. But you probably knew that already.

 

[themickey]

I'm willing to guess you don't make a significant amount of money doing this.

Using indicators drains my account, Santa needs to be careful too.
Merry Christmas everyone.

 

[farmerjohn1324]

Using indicators drains my account.
Merry Christmas everyone.
View attachment 215750

So then what is there to go on?

 

[themickey]

So then what is there to go on?

I use zero indicators other than I like to stay on the upside of a SMA200.
The way I go about it as a ASX stock trader, I have a predefined list of best contender stocks.
This is derived largely from algo number crunching in regards to volatility, so, its a maths based algo.
I watch the overall market and slam in hard after a market correction.
Right now I'm holding but not buying.
So, I work off database stuff, just number crunching oversold positions, by and large.
I don't trade off charts.

 

[farmerjohn1324]

I use zero indicators other than I like to stay on the upside of a SMA200.
The way I go about it as a ASX stock trader, I have a predefined list of best contender stocks.
This is derived largely from algo number crunching in regards to volatility, so, its a maths based algo.
I watch the overall market and slam in hard after a market correction.
Right now I'm holding but not buying.
So, I work off database stuff, just number crunching oversold positions, by and large.
I don't trade off charts.

That sounds like a full-time job. I already have one of those.