New to trading wants to learn

Quote from fax:

Since I've started the market (SP 500) gained 2.06% and I lost 2.05%. I'm doing bad (lost money and not beat the market) but hope things will improve.

You're just starting and already trying/expecting to beat the market?
 
Quote from thetrendfollowe:

You're just starting and already trying/expecting to beat the market?

I think almost everyone starts out with hopes/dreams that they will make it big and can beat the market without really knowing how things work. That is what I thought anyway... then the realities kick in!
 
Quote from fax:

I tried to read "Trading in the Zone" but gave up -seems boring.

That is a molehill compared to the amount you would have to go through to really learn how to trade.

trading is not "signed up for investopedia and here are my stock thoughts." That is day 1 of about perhaps the next 5-10 years of your life.
 
@thetrendfollowe: Yes, I'm trying/expecting to beat the market. I haven't managed to do that so far (actually, I lost money) but that's my hope. Anyway, my main goal now is to learn in order to trade well in the future.

@TraderZones and xburbx: Thanks for your comments. Do you have any particular advice?
 
The best way to start is to read peoples posts that have a high number of posts. Even with that there are some serious idiots with high posts so just read and filter accordingly.

Quote from fax:

@thetrendfollowe: Yes, I'm trying/expecting to beat the market. I haven't managed to do that so far (actually, I lost money) but that's my hope. Anyway, my main goal now is to learn in order to trade well in the future.

@TraderZones and xburbx: Thanks for your comments. Do you have any particular advice?
 
Quote from successtrading:

Fax, would you be as motivated if it was proven to you it would take you 10 years full-time?

+1. And that even then, your chances of being a career lucrative trader are less than 1-2%?
 
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