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Trading Advice
- Thread starter enkidu007
- Start date
i will be serious now first it takes years to be profitable. second you come off dumb when saying is there something to look for to just make 500 a day. how much do you think you should make trading 50 share lots? i think trading that and making 25 net a day your doing well. you also have to figure out your cost in trading that small. you need a style that fits your cost. you also seem very scared of the market which is good but maybe to scared. the stockmarket is set up for you to fail i think like 90% lose in this game. so you need an edge and a plan. you need to watch and learn everyday. you need to know when to trade and when to stop. you need to look at the hours you seem to lose the most money and not trade them. there is no secret or any book so stop looking. the tip i will leave you with is class starts at 930 be early and prepared. also remember everyday you lose should make you smarter and if it does not your in the wrong business.
the "easy" trade would be to use about 100k of that 500k to knock off another one of your rich relatives poised to leave you a tidy sum in their will..
or, you could just sell covered calls on "rolling stocks" with Wade Crook.. thats pretty much like shooting fish in a barrell..
you might want to look into other easy professions too.. i hear there are lots of opportunities particularly in the rocket propulsion field where with a few dollars to buy some parts, a little fuel and some crazy glue you can whip up some hot selling gizmos.. might even get an easy government contract to milk..
good LUCK,
-qwik
or, you could just sell covered calls on "rolling stocks" with Wade Crook.. thats pretty much like shooting fish in a barrell..
you might want to look into other easy professions too.. i hear there are lots of opportunities particularly in the rocket propulsion field where with a few dollars to buy some parts, a little fuel and some crazy glue you can whip up some hot selling gizmos.. might even get an easy government contract to milk..
good LUCK,
-qwik
Just as I called it in http://www.elitetrader.com/vb/showthread.php?s=&postid=472081#post472081. Who else can call it like that? Can you? You? YOU? Bring me your finest... ahhhhh, enuff already.Quote from enkidu007:
Is there any kind person who knows of a easy technique I can learn withing a day or two just to start making some dough
Quote from T-REX:
You are going to get alot of stupid advice on these boards so look out!
The trading game is not easy but it can become very rewarding if you develop a sound trading plan and follow a few simple rules.
Good luck
Be Encouraged.
T-REX
Yeah.....Good and straightforward post T-Rex.
I don't understand why this occurs: Someone who is very obviously new and wants to ask a few sincere questions comes here to ET and then these trading geniuses we have just want to blast the newcomer and put him down. Do any of you guys remember when you didn't know the bid from the ask? Or, has your memory faded a bit?
I mean if "enkid" had come on acting like a smartass and a blabbermouth, if would be different. He didn't. Some responses have been out of order. I think he's got a certain amount of courage, just to show up here and ask some questions. How's he ever going to get to second base, if everyone just wants to put him down? (Nobody has to reveal any "proprietary" strategy here, but just maybe a little "base hit" will get him to second base, no?)
Of course, Baron owns it, but in a different perspective, this board belongs to us. Many here are regular posters. Isn't this place what we make it?
Brokerboy
Yeah it seems i'm quite timid of the market. If I'm in a position and the market moves against me, i'm out, but then a few minutes later it turns and goes in the direction I had orginally, very fustrating. I'm just trading small to gain confidence. I only posed the question cause I saw somebody a few days ago saying there was an easy way to scalp 100 to 200 a day with minimal risk. (can't remember who) If it is possible I would up to 1000 shares and try to grab that much.
Yeah it seems i'm quite timid of the market. If I'm in a position and the market moves against me, i'm out, but then a few minutes later it turns and goes in the direction I had orginally, very fustrating. I'm just trading small to gain confidence. I only posed the question cause I saw somebody a few days ago saying there was an easy way to scalp 100 to 200 a day with minimal risk. (can't remember who) If it is possible I would up to 1000 shares and try to grab that much.
Quote from hypostomus:
...search on Grob109 and read his posts until you go blind or stark raving mad. Some heavy stuff there. Wear a bio-hazard suit while you're feeling for the nuggets. I guarantee that they are there. - Gilgamesh
This is the best advice you will recieve on this thread.
I would take the advice of William J. Oneill as the basis for my trading.
This would give me a quality stock universe.
From there, start on the weekly charts looking for stocks that are extrememly strong.
Then trade off of the daily or 30 minute fractal to time entries.
Rotate capital through these strong cycling stocks.
Sky is the limit.