Boise ID looking for mentor

Jeffare12 said:
Thanks everyone for the advice . I know I shouldn't expect to become rich over night just wanna keep a clear mind and focus on the task . Would also be really nice to find some other like minded people in my area . So we can trade ideals and discuss strategies together. 2 brains is better than 1
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I guess you are from Boise Idaho. Not sure about that state but I guess there are some manufacturing plants, many farmers over there. It is a nice huge state.

anyway, do go through elitetrader.
I find there are tons of useful info from psychology, technical analysis, various financial instruments for trading, hardware software datafeed etc etc.
 
Jeffare12 said:
Okay your thinking too deep into this .. I said charts and patterns .. that's not going to teach me to make $500 a day . 100-200 bucks to learn candle sticks and how to browse a website with charts is not asking to much
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Browse through the ET Journal section with charts.there are tons of threads where people trade live and post charts.Save your 200 bucks.No need for mentor then.
 
Jeffare12 said:
I said charts and patterns
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Here are some places where you can get professional ideas about reading charts for free:

Harry Boxer

The Market Guys
AJ Monte

Stock Market Timing
Stephen Whiteside

Old School Chartist (I think this used to be $19.00 a month 7 years ago)
sp500chart.com
Jim Roof

The Ichimoku Cloud

The Trading Book (I don't think she does it for free anymore.)
Anne-Marie Baiynd
https://www.youtube.com/watch?v=oVhmmoS613E
 
ET180 said:
$200 - $500 per day consistently is either really easy or really hard depending on how much capital you have to work with. Honestly though, nothing beats screen time. I'm sure I'll get some criticism for mentioning this because not everyone likes selling options, but if you are looking for a place to start, check out tastytrade.
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Just $500 a day or $10k per month - that's nothing right, anyone can do it. A delivery guy in India earns that much!
Good luck discussing trade ideals (sic).
 
d08 said:
Just $500 a day or $10k per month - that's nothing right, anyone can do it. A delivery guy in India earns that much!
Good luck discussing trade ideals (sic).
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What I said was absolutely correct. It's possible and quite easy to make $10k per month risk-free by going to the local bank and depositing enough money into a CD paying an annual rate of 0.5% if you have enough money...doesn't even require one to look at charts.

Most newbies lose not by having bad systems but they don't realize with small $5,000 accounts, they have to make 100-150% just to break even to cover fees.
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I disagree...depends on your broker. I'm paying about $0.35 per stock trade through IB. Selling options cost more, but not enough to rule out otherwise good strategies. There are many stocks for small accounts. Tastytrade.com has some good strategies for beginners with small accounts.
 
Practice on a real time sim (Das Trader Pro Paper?) a spend a couple of months with Tradenet or here:
but DO NOT trade real $ till you are consistently profitable on the sim for a few months in a row minimum. You will spend less this way. Repeat as necessary. Note: sometimes i meet up w people via CL for a trading session but can't say that i have met good traders this way
 
i should say something regarding the results in the video: you must lower your position size and widen your stops with these volatile stocks like hmny this week. so instead of trading 10k lot size w 1% stop you likely need to trade 1/3 or 1/4 of your normal size and widen stop to 2-3%. hmny wiped out a lot of accounts this week (probably best for a newbie to just pass on crazy stocks like that). Thus, the rates of return in the video are suspect but the techniques are useful
 
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