newbie looking for any general or detailed advice from my peers or superiors

[YoungFund]

Welcome MakeMeRich,

After 3 years of trying to get consistently profitable here is my thoughts:

1. Put your cash away. Seriously, do NOT trade your real money, ...., yet.

2. Stare at the charts

3. Take trades. Take 100 paper trades. If you a day trader take 4 trades a day.

4. Once you see your account is showing red, you know what to do next.

Most importantly, ASK questions on ET forum. We will help you.

Enjoy the journey my friend. It's a fun one. Ask questions.

thanks SimpleLikeMe
really appreciate it. I've had a Practice account set up with an online broker for a while now, it generally goes up and down, it was one of the reasons I chose the personal investment module as part of my degree. oh how much I did not know lol they haven't really focused on day trades yet, but that's what I'm interested in for investment. higher risk/return using various commodities.

 

[bone]

Hello all, I'm relatively new to trading. I'm currently doing a degree which a small part looks at personal investment. learned some interesting stuff in terms of theory so far, and looking forward to what comes next.

for all those already well-established investors, whats your little tips from your experiences over say the last few months, years etc.

any worthwhile forums I should know about other than this one?

any brokers to avoid?

any interesting articles or theories I should take a look at?

I'm open to any advice however generic or detailed lol!

It will be a journey where you will have to wade through miles of bullshit in order to find the occasional nugget of true wisdom.

Please change your member name - it truly is gaudy and off-putting.

 

[YoungFund]

It will be a journey where you will have to wade through miles of bullshit in order to find the occasional nugget of true wisdom.

Please change your member name - it truly is gaudy and off-putting.

thanks for the info
I am trying to change the name, unfortunately it isn't as straightforward as i would have hoped

 

[YoungFund]

its done!

 

[bone]

its done!

I wish you good fortune !

 

[ironchef]

Hello all, I'm relatively new to trading. I'm currently doing a degree which a small part looks at personal investment. learned some interesting stuff in terms of theory so far, and looking forward to what comes next.

for all those already well-established investors, whats your little tips from your experiences over say the last few months, years etc.

any worthwhile forums I should know about other than this one?

any brokers to avoid?

any interesting articles or theories I should take a look at?

I'm open to any advice however generic or detailed lol!

You understand you are talking to a bunch of traders about investing? You have to understand the difference between investing and trading.

In investing, you buy something that you believe will be worth more in the future, based on some analysis you do, and hold on until you think it is fully priced and/or the fundamentals have changed.

In trading you really don't care if the underlying will be worth more in the future, you buy based on some short term trigger and sell base on some other short term trigger and hope the outcome is profitable.

Investment is like watch grass grow. Us traders love action and don't have the patience to watch grass grow. So, we pull the grass out every day to look and put them back in.

Good luck.

 

[SimpleMeLike]

thanks SimpleLikeMe
really appreciate it. I've had a Practice account set up with an online broker for a while now, it generally goes up and down, it was one of the reasons I chose the personal investment module as part of my degree. oh how much I did not know lol they haven't really focused on day trades yet, but that's what I'm interested in for investment. higher risk/return using various commodities.

Take your time and find a good quality trading course. Think about how you want to trade. There are different styles. You have to find something that meets your personality.

 

[expiated]

What assets/instruments are you trading or planning to trade?

I’m not going to try to give you advice. I’m not qualified to do so. I’m just going to share what, from my perspective, worked for me personally.

I found picking up bits of advice here and there and taking note of common platitudes was of little practical value. I needed to see HOW to put whatever information others might offer to work—to observe how successful traders actually APPLIED the things they said they did in REAL TIME.

For the most part, I either watched videos on YouTube or visited trade rooms when opened up for free trials for a week or two. (I was unwilling to pay thousands or even hundreds of dollars for information that was for sale.)

There are only a handful of such videos/services that strike me as being valuable/legitimate, but which ones might be useful depends on whether you plan on trading stocks, futures, commodities, currency pairs, etc.

 

[Visaria]

Investing is just a longer time frame version of trading. In both cases, all u r doing is either betting that the trend will either continue or that it will reverse.

 

[tommcginnis]

if you did is there any you would recommend looking into?
I'm only doing one module on my degree in personal investment and its opening my eyes quite a bit. I'm sure there is more I can learn out there.

The CFA curriculum is the closest you can come to a quality MBA. Solid stuff -- zero bullshit. Very broad, though -- it is not targeted to 'trading' per se, but half to two-thirds will directly benefit investing.