New to trading wants to learn

Quote from fax:

As I still don't know when to buy a stock, I just bought those with high market capitalization and low price. Any advice?
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I've heard some funny reasons to invest in stocks but never heard this one. Thanks for the laugh.

Quote from fax:


I tried to read "Trading in the Zone" but gave up -seems boring.
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If you can't sit through reading one of the top recommended trading books by professionals, then you really do not have the mindset, patience or focus to be a trader or investor. You need to develop those qualities

Quote from fax:


@TraderZones and xburbx: Thanks for your comments. Do you have any particular advice?
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Ignore TraderZones, he is a troll. Seriously, just put him on ignore like most others have.
 
@successtrading: Yes, I would be motivated. I'm young and know I must learn how to invest (trading is one kind of investing) to be financially free in the future.

@xburbx: Thanks for your advice.

@TraderZones: Yes, I would be like to be part of that 1-2% :)

@Anaconda: I recognize that I don't have now the mindset to be a trader but I'm willing to acquire it little by little. I'll read "Trading in the zone" in the near future.

@everybody: I go on reading and learn new things but it's difficult for me to apply them. For example, I don't recognise a "Head and Shoulders" pattern in a chart but I do know what it is like. I guess I need more training.


I've decided to reduce the amount of stocks I have in onder not to be too diversified. This is my portfolio now:

TFOBF TELEFONICA DE ARGENT SA 13

http://www.google.com/finance?q=OTC:TFOBF

MTU MITSUBISHI UFJ FINANCIAL 100
http://www.google.com/finance?q=NYSE:MTU

ALU ALCATEL-LUCENT ADR 75
http://www.google.com/finance?q=NYSE:ALU

BSX BOSTON SCIENTIFIC CORP 75
http://www.google.com/finance?q=NYSE:BSX


OTE HELLENIC TELECOMM ORG 75
http://www.google.com/finance?q=NYSE:OTE

MOT MOTOROLA INC 75
http://www.google.com/finance?q=NYSE:MOT

Q QWEST CMMNCTNS INTL INC 75
http://www.google.com/finance?q=NYSE:Q

ERIC LM ERICSSON TELEPHONEADS 75
http://www.google.com/finance?q=NASDAQ:ERIC

UMC UNITED MICROELECTRONICS CORP 75
http://www.google.com/finance?q=NYSE:UMC
 
Quote from fax:


I've decided to reduce the amount of stocks I have in onder not to be too diversified. This is my portfolio now:
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Why are you picking those stocks? What is your planned holding period? What kind of gains are you aiming for? What is your stop loss?
 
I can't explain none of those questions.

Please, remember I've just started. It's been only one month since I discovered this world. Before I didn't know anything about this. And now I still don't know most of the things I should now.
 
Quote from fax:

I can't explain none of those questions.

Please, remember I've just started. It's been only one month since I discovered this world. Before I didn't know anything about this. And now I still don't know most of the things I should now.
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Ok then maybe you need to stop worrying about what stocks to pick and worry more about a proper method and ruleset. Also, you might just want to decide whether you want to be a trader or investor.
 
Rule #1. Don't listen to folks on internet forums. The fact is, 95% of the "expert" traders on this site are losing, some are losing big.

If you want to learn how to trade maybe you should follow the link for "books" and see which ones seem to be popular. Read through several books and learn the different kind of trading strategies and figure out what suits you the best. If you don't know what shorting or a round trip is, you really need to learn the basics first. Most importantly keep in mind that it is about what strategy and risk profile fits you the best.
 
Quote from fax:


JALSY JAPAN AIRLINES ADR 500 (I think it won't go bankrupt)


[/B]
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If you trade based on what you think you will find yourself hoping, which is not a good trading practice.
 
Anaconda, thanks for your comment. Yes, I still need to learn a lot more and should worry about this fact.

drjekyllus, thanks for recommending me to look for books. Now I'm reading "Technical Analysis of the Financial Markets", then I am going to read "Japanese Candlestick Charting Techniques". After these books I'll see how I continue.

tradeshark, you're right. I really need to learn not to do what I don't know. I made a mistake when I bought that stock hoping it would recover.
 
Fax

You are headed down the wrong damn road – listen to Anaconda

Go back to Trading in the Zone – read the book, highlight each paragraph, and rewrite it in your own words..

iow – intellectually tear it apart and do the work to understand it

Those other two books are BS


Your money - Your choice

RN
 
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