Trading Advice to College Students

rajesheck said:
Dear College Students

I am trying to give you a big picture on trading that i believe would be helpful to you in your understanding the trading from eagle's eye view.

The stock exchange streams data to your trading software, which presents you the data as a chart. The data format is generally: Time, Price, Volume.

A super genius trader can grasp the market trend completely by looking at the data streaming. I don't know if such trades exist but it is a possibility.

A genius trader can grasp the market trend completely by looking at the plain chart. Ofcourse they could earn more on par with business people.

An above average trader has better capacity to grasp the market trend by looking at the plain chart than other traders. They may be using indicators and levels like other traders but they rely more on their plain chart reading capacity to make trading decisions. They should be making decent money in trading.

All the three above categories I call them as Pro traders.

Below average which I call them amateur traders who depend completely on indicators and levels because they lack the capacity to grasp the market trend by looking at the plain chart.

Nine out of ten traders you interact with either online or offline are amateur traders. They will never suggest you to grasp the plain chart because they are not yet there. Their profits in trading are mostly inconsistent and not reliable for survival.

One out of ten amateur traders are bullies. The other nine amateur traders are soft spoken. The amateur bullies are the one who will be doing the talking most of the times in any forum.

My Advice For YOU
Real investment is the time invested in developing your skills in grasping the plain chart. Using the indicators and levels are opposite of investing.

(My previous post related to plain chart reading:
https://www.elitetrader.com/et/threads/fundamental-market-events.374884/)

All the best!
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As long as I've checked technical analyze work, what about speculation means, trying to predict direction of the trend according to the news. Do you think that it is possible to predict reaction of the crowd?
 
athlonmank8 said:
Learn statistics. Stats are the only way you will have confidence when you need it.

This is just your base.
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%%
Amen + study trends.
Study USa stock market trends + learn why millionaires buy eVery month for 30 years or more
IF you see something better than college like Bill gates did , quit college + do that better business.....................................................
 
paulsfz said:
As long as I've checked technical analyze work, what about speculation means, trying to predict direction of the trend according to the news. Do you think that it is possible to predict reaction of the crowd?
More...

News talks about conventional market. Stock traders make an unconventional market by themselves.

News are digested by the stock trading market and the stock prices are negotiated within this stock market. This we generally see as "reaction of the crowd".

This negotiation is smooth within intraday trading whereas there is unpredictable jumps between two trading days which we call as gap-ups and gap-downs.

That's why intraday trading is more safe investment than swing trading where the traders usually hold positions overnight which are vulnerable to gap-ups and gap-downs.

Stock investments needs study of conventional market. Stock trading needs study of the unconventional market which is reflected in trading charts.
 
murray t turtle said:
%%
Amen + study trends.
Study USa stock market trends + learn why millionaires buy eVery month for 30 years or more
IF you see something better than college like Bill gates did , quit college + do that better business.....................................................
More...

You are talking about stock investments, not stock trading.
 
rajesheck said:
You are talking about stock investments, not stock trading.
More...
%%
YES;
except MSFT related, Bill gates service for cash business trades . I would not call trading or investing safe;
but maybe worth either one \
in the long/ run. Thanks for your comment, you dont define my time frame.
Try not to pay retail all the time, even if that works well in real estate, or bull market.
If you see something better than college, like Bill gates did, quit college for that.
I would not even call, with 2% inflation, a bank account safe/thats 20% loss per 10 years loss.
Of course FDIC insurance works, my point was long term 2% inflation risk., investments, trades
 
rajesheck said:
Dear College Students

I am trying to give you a big picture on trading that i believe would be helpful to you in your understanding the trading from eagle's eye view.

The stock exchange streams data to your trading software, which presents you the data as a chart. The data format is generally: Time, Price, Volume.

A super genius trader can grasp the market trend completely by looking at the data streaming. I don't know if such trades exist but it is a possibility.

A genius trader can grasp the market trend completely by looking at the plain chart. Ofcourse they could earn more on par with business people.

An above average trader has better capacity to grasp the market trend by looking at the plain chart than other traders. They may be using indicators and levels like other traders but they rely more on their plain chart reading capacity to make trading decisions. They should be making decent money in trading.

All the three above categories I call them as Pro traders.

Below average which I call them amateur traders who depend completely on indicators and levels because they lack the capacity to grasp the market trend by looking at the plain chart.

Nine out of ten traders you interact with either online or offline are amateur traders. They will never suggest you to grasp the plain chart because they are not yet there. Their profits in trading are mostly inconsistent and not reliable for survival.

One out of ten amateur traders are bullies. The other nine amateur traders are soft spoken. The amateur bullies are the one who will be doing the talking most of the times in any forum.

My Advice For YOU
Real investment is the time invested in developing your skills in grasping the plain chart. Using the indicators and levels are opposite of investing.

(My previous post related to plain chart reading:
https://www.elitetrader.com/et/threads/fundamental-market-events.374884/)

All the best![/QUOTE

College students:

Hit Max and Market on your 401K, or other some such tax efficient retirement account, year after year, decade after decade.
More...
 
rajesheck said:
News talks about conventional market. Stock traders make an unconventional market by themselves.

News are digested by the stock trading market and the stock prices are negotiated within this stock market. This we generally see as "reaction of the crowd".

This negotiation is smooth within intraday trading whereas there is unpredictable jumps between two trading days which we call as gap-ups and gap-downs.

That's why intraday trading is more safe investment than swing trading where the traders usually hold positions overnight which are vulnerable to gap-ups and gap-downs.

Stock investments needs study of conventional market. Stock trading needs study of the unconventional market which is reflected in trading charts.
More...
What about Investors? I mean Big Fishes?
 
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