Hi I'm New & Need Help!!

1. Read. It is very hard to find a mentor in this business, because nobody wants to give up their secrets to making money--your gain could be their loss. It's sort of like asking someone where the best fishing spots are: the minute they tell you, you go and clean out all the big fish. Unless your father was a trader, it's tough.

Forthwith, my greatest mentors have been found in books. Read, read, and read some more. Get up early on Saturday, go to your public library, find the trading section, grab a stack of books, and skim through them; spend the day there. Read through all the posts on this forum, and other related forums. Watch videos, including those provided by financial product vendors.

I would recommend the following classic as a great place to start:
http://www.nowandfutures.com/large/Reminiscences_of_a_Stock_Operator_Jesse_Livermore.pdf

2. Leverage your industry experience. Were you in Pharma? Tech? Banking? You probably know these equities better than most. Trade what you know. You can download lists of companies on the NYSE, Nasdaq, and AMEX at the following link. Sort by sector, and focus on companies that fall within your industry experience:
http://www.nasdaq.com/screening/company-list.aspx

3. Leverage your background. Were you in computer programming? You might do well with Automated and Algorithmic Trading. Did you study math? Look at quantitative methods. Did you study Psychology? Market psych is a huge field.

4. Leverage your relationships. Do you have and friends, colleagues, or associates that are brokers, traders, bankers... anyone in the business? Take them out to lunch, and talk with them. You'd be amazed at what you can learn.

5. Take a finance class. Not only will this teach you the basics, but you'll be able to ask your professor questions. You'll also meet other people in class, and start to build a network. You'll have some Something like this:
https://www.sps.nyu.edu/professional-pathways/courses/FINA1-CE9000-introduction-to-the-markets.html

Sincerely,
Keith
 
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Wasting your time people, OP is another one-post wonder "scammer/spammer"...

once his link removed... Elvis has left the building...
 
Anyway. All the advices are bullshit.
People take time for everything except what has to be done in order to be a proficient trader.
 
kmiklas said:
1. Read. It is very hard to find a mentor in this business, because nobody wants to give up their secrets to making money--your gain could be their loss. It's sort of like asking someone where the best fishing spots are: the minute they tell you, you go and clean out all the big fish. Unless your father was a trader, it's tough.

Forthwith, my greatest mentors have been found in books. Read, read, and read some more. Get up early on Saturday, go to your public library, find the trading section, grab a stack of books, and skim through them; spend the day there. Read through all the posts on this forum, and other related forums. Watch videos, including those provided by financial product vendors.

I would recommend the following classic as a great place to start:

<snip>

Sincerely,
Keith
More...


Nice post. Too bad it's pearls before swine.
 
All I can say is do your own research. Come up with a strategy you follow strictly that allows you to feel comfortable trading. Concentrate on one or two markets for the first few months and after you feel comfortable trading live you can expand. Also keep a daily trading journal has always helped me.
 
“Errands are so effective at killing great projects that a lot of people use them for that purpose. Someone who has decided to write a novel, for example, will suddenly find that the house needs cleaning. People who fail to write novels don’t do it by sitting in front of a blank page for days without writing anything. They do it by feeding the cat, going out to buy something they need for their apartment, meeting a friend for coffee, checking email. “I don’t have time to work,” they say. And they don’t; they’ve made sure of that.”
– Paul Graham


“Being busy is most often used as a guise for avoiding the few critically important but uncomfortable actions.”
– Tim Ferriss
 
Nobody will do this for free unless you have someone in your family/friend network who is doing it out of the kindness of their heart. Most very successful traders I've come across have in no way wanted to share their secret recipe or give up their edge to help another. You'll likely have to filter through various opportunities for "training" or mentoring online. While I wasn't a fan of trading chat rooms in the past I have found Great Stock Pix to be a very different animal and while you won't have a personal mentor, that room's traders work as a team to find successful trade ideas in real time, not after the host has already bought the stock or other similar garbage. Check them out. Maybe this can help. All the best. www.greatstockpix.com
 
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