Where does the newb start?

[wrbtrader]

Quote from johnstac:

I am a newb. Not in its purest sense as I have traded on and off for years but the only reason it was on and off was to recoup losses.

If your friend came into the market today with your $25K and no experience and insisted on trading something, what would you tell him to begin learning? There are many choices. Are there any that are easier to learn then others?

I wouldn't let my friend that's a newbie and with no trading experience or with trading experience...trade with $25k of my money because you said your $25k.

 

[JuniorCTA]

Quote from wrbtrader:

I wouldn't let my friend that's a newbie and with no trading experience or with trading experience...trade with $25k of my money because you said your $25k.

I think he's the friend with another friend's money

 

[wrbtrader]

Quote from JuniorCTA:

I think he's the friend with another friend's money

Hopefully he'll immediately give the money (in full) back to that friend. Next, he saves his own money while he's learning about the markets and the price action he thinks he's going to be trading.

 

[Fleming Snopes]

Quote from johnstac:

I am a newb. Not in its purest sense as I have traded on and off for years but the only reason it was on and off was to recoup losses.

If your friend came into the market today with your $25K and no experience and insisted on trading something, what would you tell him to begin learning? There are many choices. Are there any that are easier to learn then others?

You were wise beyond your years to start here. Use the "search" function to go to the first post of Jack Hershey, about ten years ago. Read every post of his going forward. Eventually you will find that there is a gap in time. Go the posts of Grob109, still Jack, until they cease. Then return to Jacks's posts. Let me know when you finish that task and we'll talk.

 

[OnClose]

Quote from johnstac:

I am a newb. Not in its purest sense as I have traded on and off for years but the only reason it was on and off was to recoup losses.

If your friend came into the market today with your $25K and no experience and insisted on trading something, what would you tell him to begin learning? There are many choices. Are there any that are easier to learn then others?

I think $30K is the minimum your gonna need to trade stocks. $25K is required to avoid the PDT rule and even if your not day trading your going to have losses and as soon you get below $25K the PDT kicks in so in my opinion a $5K cushion would be needed. Or just trade futures and then the PDT rule doesn't apply to you.

 

[dvst8]

Quote from johnstac:

I am a newb. Not in its purest sense as I have traded on and off for years but the only reason it was on and off was to recoup losses.

If your friend came into the market today with your $25K and no experience and insisted on trading something, what would you tell him to begin learning? There are many choices. Are there any that are easier to learn then others?

If I had to do it all again. I would find a mentor, trainer or someone to monitor your learning process.

 

[BSAM]

Quote from johnstac:

...If your friend came into the market today with your $25K and no experience and insisted on trading something, what would you tell him to begin learning?...

I'd tell him to make a down payment on a house, unless he has a mentor.

 

[oldtime]

Quote from BSAM:

I'd tell him to make a down payment on a house, unless he has a mentor.

I'd tell him to sell the house, and add another 25k to the trading account, and avoid teachers mentors and strange women, they'll be time and money enough for all that later

 

[BSAM]

Quote from oldtime:

I'd tell him to sell the house, and add another 25k to the trading account, and avoid teachers mentors and strange women, they'll be time and money enough for all that later

(I meant a real mentor, not a "guru".)

 

[lindq]

Quote from Fleming Snopes:

Use the "search" function to go to the first post of Jack Hershey, about ten years ago. Read every post of his going forward. Eventually you will find that there is a gap in time.

No, actually you will quickly find that there is a gap in reality, not just in time.

The worst advice ever for a newbie. Or anyone.