NOPE. And I have NO idea who he is...
On giving tips for beginners
- Thread starter Nobert
- Start date
NOPE. And I have NO idea who he is...
(laughs), - Heard that many NBA players (wondering about %%), like in the first 5-10 years, after finishing their careers at sports , - end's up broke, well, this would be a new level for that.
NBA > Broke > Teaching/Scamming
Beginners, focus on the learning part first.
Equip yourself with the max knowledge that you can, going by what others say and following them blindly is easy no doubt, but that isn't going you fetch you consistent returns. Strategize for yourself, create plans and keep exploring the markets. Learn from all, but blindly follow none.
Equip yourself with the max knowledge that you can, going by what others say and following them blindly is easy no doubt, but that isn't going you fetch you consistent returns. Strategize for yourself, create plans and keep exploring the markets. Learn from all, but blindly follow none.
Focus on risk, all of them. In the long run, trading works only if you see yourself as your biggest risk and if you take the time to list all potential risks and address them.
By the way, this is not just for successful trading, any sound business thinks risks and opportunities.
When you begin and when you don't know, learn as much as possible and don't go live with real money. Don't listen to brokers or so called experienced traders especially when they say you should feel the difference and get all the experience with real money: Stay on demo.
When you think you know, you are in danger: Don't trade your real money.
Record everything and learn from your bad and also from your good trades: Luck or real thing?
Keep what works.
Assuming you want to trade short term and even intraday, give yourself 6 successful months in a row on demo with no cheatings, with realistic position sizes and fills. More than 2 loosing weeks in a row is just not OK.
When you finally trade your own money, go micro sizes first.
Always follow your PnL as currency and not as ticks or %. The blood of the market is not made with ticks but with your money.
Constantly monitor your feelings and emotions: Work with them, not on them.
Choose carefully what you want and what you can be, at least at first: Investor, Value, Growth, trader, day trader, scalper, or coder?
I hope that will make sense for some of you.
By the way, this is not just for successful trading, any sound business thinks risks and opportunities.
When you begin and when you don't know, learn as much as possible and don't go live with real money. Don't listen to brokers or so called experienced traders especially when they say you should feel the difference and get all the experience with real money: Stay on demo.
When you think you know, you are in danger: Don't trade your real money.
Record everything and learn from your bad and also from your good trades: Luck or real thing?
Keep what works.
Assuming you want to trade short term and even intraday, give yourself 6 successful months in a row on demo with no cheatings, with realistic position sizes and fills. More than 2 loosing weeks in a row is just not OK.
When you finally trade your own money, go micro sizes first.
Always follow your PnL as currency and not as ticks or %. The blood of the market is not made with ticks but with your money.
Constantly monitor your feelings and emotions: Work with them, not on them.
Choose carefully what you want and what you can be, at least at first: Investor, Value, Growth, trader, day trader, scalper, or coder?
I hope that will make sense for some of you.
Absolutely. The more you dig the more you'll reap. So gather knowledge and keep practicing and you'll be good.
%%
In theory could learn it in less than 6months.
IN reality, could take much longer, especially if one needs to identify trends................................NOT a tip, not bank insured.
REALITY...
You can share what you have been applying in your trading career and earned profits out of that.