If I Was a Trader, I’d be the dumbest Trader on Earth

KGTrader4 said:
I was independent, cleared thru Raymond James, and was IAR under their RIA. Generally tried to avoid taking accounts under $250k. But when I did, I either used one of the B/D cookie cutter models, or if I managed it myself with discretion I DCA the assets over 6 months or so. No timing. And yes it’s a pretty common way to operate. financial Advisors get paid on assets under management...
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I watched our advisor do the same thing for some years and realized that buying a couple of Bogel's books added more value than the ongoing 1% they were charging to implement Bogel's strategy. One of the best investment choices I made was removing that 1% fee and moving our investment/retirement accounts to TD Ameritrade.
 
vincentnyc said:
reading is not enough. you have to practice or put in the hours for trading. that's why you get the saying, "those that can't do, teach."

how many trades do you plan to do per day/week? if you are planning to do one or 2 trades per day/week, how long do you think you can gain enough experience?

also don't mix long term investing with trading. those are 2 different things. have separate account for those 2 strategy.

also what is a earning a couple of bucks good enough for you? would minimum wage $15/hour good enough for you for your trading endeavor? how about losing for a few years? how many losing years before you call it quit on your trading career?
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Good food for thought.
I don't mix LT with trading, ever. Separate money.
I don't think I'll ever quit. (well, i guess never say never). I think i can figure this out, once my discipline is under control
 
albion said:
I watched our advisor do the same thing for some years and realized that buying a couple of Bogel's books added more value than the ongoing 1% they were charging to implement Bogel's strategy. One of the best investment choices I made was removing that 1% fee and moving our investment/retirement accounts to TD Ameritrade.
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Can't argue with that. Some can manage that on their own. Others can't. Those were my clients. I did planning for them too, though. With some clients, I honestly felt overpaid, with others, they werent paying me enough for what i did. If they became a pain in the ass, i fired them.
 
I probably spend 2 hours a day, Mostly on my iPad TOS Mobile. If I want to look at more detailed stuff ,I’ll go to laptop

as far as entries, can’t answer, I just haven’t done that many trades. But I like to look at daily charts, 6 months, sometimes I’ll look at the intra day chart or 50 day.

I’ve said before, I still don’t really know in detail what I’m doing, don’t have a process.
 
easymon1 said:
Do you know any setups?
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I know how to look at a chart and tell if a stock is trading above its moving average, I know to look at volume on the upside of the downside, I can tell from the chart when a stock is building a base or is extended from the break up, things like that if that’s what you mean. But I don’t have any specific set ups that I decided to take see as entry points if that’s what you mean.

So many different ways to trade not sure which way is right for me. But I know I’m more interested in position trading, maybe some swing trading, then daytrading
 
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