I've been lurking for a while. From what I've seem it seem most people are successful enough to make a living trading here. My story, I have a 500,000 equities (no margin, and currently on sidelines) account and a 50,000 futures account. In the equities account all I want is to make $500 a day, I would be thrilled if this happend. I've been trading for six months (day trading) and have lost $5000 so far. I haven't really had a single winning day except for pure luck. It's really fustrating! 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? Like I said 500 a day is my goal but i'll be happy with 200! Any advice would be greatly appreciated.
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Trading Advice
- Thread starter enkidu007
- Start date
"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?"
If it was easy, everyone would be doing it.
Pay your dues...
1) Trade small--keep losses at a minimum
2) Trade small--keep losses at a minimum
3) Repeat steps 1 and 2.
Good luck.
If it was easy, everyone would be doing it.
Pay your dues...
1) Trade small--keep losses at a minimum
2) Trade small--keep losses at a minimum
3) Repeat steps 1 and 2.
Good luck.
...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
Quote from enkidu007:
I've been lurking for a while. From what I've seem it seem most people are successful enough to make a living trading here. My story, I have a 500,000 equities (no margin, and currently on sidelines) account and a 50,000 futures account. In the equities account all I want is to make $500 a day, I would be thrilled if this happend. I've been trading for six months (day trading) and have lost $5000 so far. I haven't really had a single winning day except for pure luck. It's really fustrating! 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? Like I said 500 a day is my goal but i'll be happy with 200! Any advice would be greatly appreciated.
50 share lots why do you trade so big? how do you handle that kind of size? do ever take profit and sell out of 25 shares? do you trade nyse or naz?