Best Way to Get Started!

[Jayford]

Quote from hii a_ooiioo_a:

The markets will be here in 5 years. They will not be exactly what they are now. They certainly are not now what they were 5 years ago. Nobody, on here, or anywhere else can precisely tell you what the markets will be in 5 years, or even 5 weeks.

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Agree with the above statement 100%. The markets will be here and so will day trading. Don't be in too much of a hurry. Start trading a simulated account now to get a feel for it, but understand that trading real money is a different game.

If you can find a mentor do it. Otherwise, try to concentrate on keeping those losses really small until they start becoming profits. I know, lame statement, but it is so valid.

Jay

 

[tyrone]

Is there any other occupation where the participants continue to reinvent the wheel?

 

[harrytrader]

Don't be so sure : there are projects to eliminate daytrading because of excessive volatility and only authorise fixing once a day. Of course if they do so it would be only for common people not for the big boys from Goldman Sachs Perhaps PDT is only the first step to eliminate common traders. Technical Analysis practice seems also to annoy the officials. Happily CTFC has just lost a trial against Taucher the elliotician guy who made 1 million $ from 10000$ in six months.

Quote from Jayford:



so will day trading.

 

[flier6]

Quote from bobcathy1:

All I can tell you is....
The only constant in life is change.

When you are ready, there are a million ways to make money in the market. It changes all the time.....I have in three years been in 3 different markets.

You can start with 4k in a small futures account......but first get your method down cold in paper trading. To the point you can do it in your sleep.

Bobcathy,

I've wasted a lot of time trying to learn "methods" that don't seem to work and I'm just floundering. I'm not even to the point where paper trading would be useful because I don't have anything to practice.

Can you offer me any advice on how to find a method that works? I'm willing to put in the time and effort requried if I'm convinced that the method is viable.

Thanks