Hi All,
I enjoy trading, but as a retail, small time investor all the information I get about the market is on CNBC and the internet. Also, I don't have the same training the pros have, although I would like to learn. Does anyone have any info on what it is like in the day of a retail trader or even someone who just trades regularly, but not a day trader? What info do the pros use to stay ahead? Also, in the past I got beat in trading, since I'd panic and sell my losses too early or I'd sell my winners too early and not ride my profits and there were a few other reasons; Especially since I was new and learned by trial and error. Right now I have a laughable amount (a couple thousand), and at times my pride got in the way and I wouldn't diversify and I'd put too much into the wrong stock(s), then I'd panic and lose. At least now I've learned a lot from my past stupidity and also I have time on my side (I just turned 27). I've been starting to trade options, which are good for their leverage and low capital to start. Ideally, I'd like to build my capital up, then buy good stocks and do covered calls on them as a way to enhance possible returns. But, bottom line, I'm 27 y/o, in the past I was a disgraceful trader
but now I've learned a lot and want to build my pathetic amount of money (around $2k) into something decent down the road! Thus, any advice would be helpful. I know I can throw in the towel, but I was always taught "Winners never Quit, Quitters never win!" Thanks again!
I enjoy trading, but as a retail, small time investor all the information I get about the market is on CNBC and the internet. Also, I don't have the same training the pros have, although I would like to learn. Does anyone have any info on what it is like in the day of a retail trader or even someone who just trades regularly, but not a day trader? What info do the pros use to stay ahead? Also, in the past I got beat in trading, since I'd panic and sell my losses too early or I'd sell my winners too early and not ride my profits and there were a few other reasons; Especially since I was new and learned by trial and error. Right now I have a laughable amount (a couple thousand), and at times my pride got in the way and I wouldn't diversify and I'd put too much into the wrong stock(s), then I'd panic and lose. At least now I've learned a lot from my past stupidity and also I have time on my side (I just turned 27). I've been starting to trade options, which are good for their leverage and low capital to start. Ideally, I'd like to build my capital up, then buy good stocks and do covered calls on them as a way to enhance possible returns. But, bottom line, I'm 27 y/o, in the past I was a disgraceful trader
but now I've learned a lot and want to build my pathetic amount of money (around $2k) into something decent down the road! Thus, any advice would be helpful. I know I can throw in the towel, but I was always taught "Winners never Quit, Quitters never win!" Thanks again!
