Everything has a beginning, middle and an end.. isn't it?
I saw a lot of thanks flying around and felt that this thread is coming to an end. But then realized that TO has a question pending, so its still open.
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
Everything has a beginning, middle and an end.. isn't it?
I saw a lot of thanks flying around and felt that this thread is coming to an end. But then realized that TO has a question pending, so its still open.
Quote from IntelliBitz:
Everything has a beginning, middle and an end.. isn't it?
I saw a lot of thanks flying around and felt that this thread is coming to an end. But then realized that TO has a question pending, so its still open.
Thats the nature of this thread - the answer is provided by ourselves, and most give different answers.
Now, I've never had any pretensions about day trading, particularly US stocks. Seemed to fast for my slow pace of thinking, investing was more my speed. I read PitBull by M. Schwartz, after reading that, I thought no way could I compete with people like that. No way I want to be like them either.
I've reviewed a lot of these posts/threads, and the thought has crossed my mind that I might, just might be able to do this task, using some of the information contained therein. I like to think of my self as a Perspective seeker. How can I view these markets from another vantage point what does it look like from that persons point of view. Perspective is a most valuable tool. The TFF crew have certainly altered my perspective on short term trading. Got me rethinking my attitude and view, of what is, and is not possible in the markets. Thanks TFF guys/gals. I look forward to participating in more threads in the future, hopefully.
I was going to bang on about how appallingly low the signal to noise ratio is in these threads. But, guess I just added to it. :eek:
Regards
The Bogan
I've reviewed a lot of these posts/threads, and the thought has crossed my mind that I might, just might be able to do this task, using some of the information contained therein. I like to think of my self as a Perspective seeker. How can I view these markets from another vantage point what does it look like from that persons point of view. Perspective is a most valuable tool. The TFF crew have certainly altered my perspective on short term trading. Got me rethinking my attitude and view, of what is, and is not possible in the markets. Thanks TFF guys/gals. I look forward to participating in more threads in the future, hopefully.
I was going to bang on about how appallingly low the signal to noise ratio is in these threads. But, guess I just added to it. :eek:
Regards
The Bogan
well B22..looks like u have just turned on ur stealth radar
No.1 is risk control..practice that and u are way ahead of most who try
No.2 is experience..practice that and u are way way ahead of most who try
No.3 is specialization..practice that and u are way way way ahead of most who try
No.4 is kindness..practice that and u are way way way way ahead of most who try
u sound like a level headed person..so..u should have no problems if u do not get carried away when u start making some money
have u decided what market may suit u best to try out?
TO
3k is not much for a US broker account..but f u are in the EU u can open a cfd or sb account..and with 3k u will get plenty of experience
if u are in the US u might want to look at remote prop trading..but be careful..as most are small and could go bust in a shot..make sure u check out any broker with the relevant authority..and make sure ur money is covered if they go bust..if not then DO NOT go near them..even if it is a very good deal
always remember that there are 1000's of idiots out there who will gladly take ur hard earned money..so..ONLY ever put ur money with big reputable well established companies..why put the odds against u before u even start
TO
excel
u can easily set up excel to tell u the exact share size to trade..based on live prices..and r % risk per trade..hell..u can even automate the buy and sell orders in excel if u want..but with modern trading platforms there is no need
u should set urself a daily target..and starting off a realistic target is $500 per day..u then work back and make out how many trades u need to make $500 based on ur % risk per trade..and ur screening method..well..for stocks that is..if u decide to trade an index stock or index future..no screening is required..it is a personal choice
if u make ur $500 per day then ur weekly income is of course $2.5K..this must be mastered so that u can make this every week..if not then go back and see what u are doing wrong..for..if u can not make ur realistic target..then the odds of u making big money will be diminished..for..u need that free cash to load up on days that just take off..for..these are the PAY DAY days..the days when u stick ur 2 fingers up to the fuk heads on wall street..and say..up urs u big fat arse robbing bastards
the choice is yours..always has been..always will be
CHOOSE WISELY
damn..why did u say that RN
as for u trading stocks..for some reason i thought u were a ftrs trader..it makes perfect cents now why u know so much about trading
TO