JUST STARTED

[Handle123]

Oh, and I forgot... borrow as much family money as you can too. Granny does not need that $8000/month facility.....she's had a good life.... and you'll pay her back in no time anyway.. Just don't forget my check.

You don't think granny should take out a home equity loan on her house that her son and his family live in? She can move in that spare room in the garage on second floor, she get use to diesel and fertilizer smells, the fire pole still works if she needs to "go" quickly. The son put in a new ceiling fan from burned out house next door, might have to use that five pound hammer and tap on blades to get it to start, just pound around the exposed wires, but free is free.

 

[odlareg]

Hello NVZ, welcome in the world of trading

What to do:

1) Find a provider of real time charts paid or free (like freestockcharts.com or finviz.com)
2) Find a broker. They all have their pros and cons. Depends on where you live. Most of them have also charts. Sometimes you need to pay for this. Most have a papertrade option. This means it is not real money you trade with.
3) Decide what you want to trade. Now this is a very difficult part, as there is so much to chose from. Stocks, futures, index, forex, etc.
4) Decide on your time. Daytrading needs screen time. Long term just a couple of minutes every day.
5) Learn to calculate: 1ct difference in the spread (= difference in the bid and ask) on a stock under $10 isn't the same as with stocks of let's say $50.
6) Learn volatility (= movement of the stock).
7) Learn what is shorting.
8) Accept the fact that the shorter time-frame you trade, the more it is like gambling.
9) Accept anything can happen all the time.
10 Learn what is a black swan.
11) if in a trade, have a stop loss and a profit target. Last one needs to be bigger than first one to cover costs.
12) Use small stop losses, find out what is small to you. (It is $20 for me.)
13) Do not hesitate to PM me.

What not to do:

1) Forget about TA. Instead - if not daytrading- have a look at or learn p&f. Or just use the gray matter between your ears and learn to think for yourself. Everybody can see afterwards where to buy or sell.
2) If stocks, never get married to a stock.

FACTS: most here do not make money, those who do, do not tell how they do it, including me). It took them years to get profitable. Sorry, no quick bucks.

Though I mentioned charts, it is possible to trade without them.

Enof to start with.

GO

 

[NoBias]

Amazing how many people respond to blatantly obvious troll threads.

One would think moderators could do a better job of filtering out the chaff...

This site is going downhill exponentially...

 

[J_Smith]

Crazy thing is for it's name not a single anonymous internet user on this forum is elite or even much of a trader. Bunch of retired old farts, minimum wage workers and overall losers who're trying to get rich quick.

Ahhhmmnmmm

J_S

 

[J_Smith]

Amazing how many people respond to blatantly obvious troll threads.

One would think moderators could do a better job of filtering out the chaff...

This site is going downhill exponentially...

You don't have to read it, or reply to it - his use of Capital letters is a bit of a giveaway alright, but so what, at least he is not claiming to have a seat on 70 exchanges, has everything just automated, and then retires for a day or so

Who are the really stupid people here!

J_S​

 

[Xela]

Amazing how many people respond to blatantly obvious troll threads.

I was thinking exactly the same.

One would think moderators could do a better job of filtering out the chaff...

Alas, no.

I think their perspective (if you discuss it with them, as I do occasionally) is that "no rules were broken by the post", so it stays.

This site is going downhill exponentially...

I haven't been here long enough to form an overall impression of that, really ... but it's undeniably losing traffic, participation and members at a time when retail trading is booming and one or two other sites are gaining them. It wouldn't be my choice at all, but they like to moderate the site in the way that suits them. It's their site, after all, so they have the right to.

 

[J_Smith]

I was thinking exactly the same.





Alas, no.

I think their perspective (if you discuss it with them, as I do occasionally) is that "no rules were broken by the post", so it stays.





I haven't been here long enough to form an overall impression of that, really ... but it's undeniably losing traffic, participation and members at a time when retail trading is booming and one or two other sites are gaining them. It wouldn't be my choice at all, but they like to moderate the site in the way that suits them. It's their site, after all, so they have the right to.

I hope you dont mean T2W of that futuresio site - they have to be the 2 worst trading sites I have ever come across.

As bad as this site is, it is at least good for a laugh, which helps ones trading, as laughing is " good for you".

Too many dreamers on this site though, and BIG dreamers at that

J_S

 

[felixbocharov]

Well, think about it twice, it's not an easy job, I would recommend you starting with something simple, you can try investopedia's stock market simulator, it's quite good to understand how the market works (though the data is lagging)

 

[jlancaster]

There is so much information out there. It's knowing how to filter through everything. Are you trading futures or stocks?

 

[Mysteron]

You don't have to read it, or reply to it - his use of Capital letters is a bit of a giveaway alright, but so what, at least he is not claiming to have a seat on 70 exchanges, has everything just automated, and then retires for a day or so

Who are the really stupid people here!

J_S​

Yeah, the shortest retirement in history, maybe the plane had a puncture. Strange that no one has asked him to account for his inconsistency - I've never been impressed with the guy.

I'm no expert and don't claim to be, but I was pleasantly surprised that no interest was shown in your recent charts.