Stock trading
- Thread starter Neotheone
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Hi!
I have experience of stock daytrading for more than 5 years. First time I started, I deposited 2500$ to www.datek.com (american brokerage)now ameritrade, and made $800 in 2 weeks, than bougt one stock at open, it fell sharply and i lost most of my account. Than were couple of years with rest of money and seldom trades, win and loss, but it was more money for brokerage than for me.
This year I transferred more money to account and begun agressive trading, got a margin call, and now thinking to open share CFD account with GCI(gloibal commodities international), just opened forex account with marketiva(1$ minimum), going to open one with oanda(no minimum)
I,m not advise you to read books about daytrading, its old information
Just get a couple of bucks you can loose(pay for daytrading experience, its completely different from what you can read in books) start trading, then youll see if you need to read or not, give a chance to yourself, you can compare what you feel when operating REAL MONEY and what others say to you.
If interested, I can prowide you with resources, but try to trade completely on instinksts, it works.
I have experience of stock daytrading for more than 5 years. First time I started, I deposited 2500$ to www.datek.com (american brokerage)now ameritrade, and made $800 in 2 weeks, than bougt one stock at open, it fell sharply and i lost most of my account. Than were couple of years with rest of money and seldom trades, win and loss, but it was more money for brokerage than for me.
This year I transferred more money to account and begun agressive trading, got a margin call, and now thinking to open share CFD account with GCI(gloibal commodities international), just opened forex account with marketiva(1$ minimum), going to open one with oanda(no minimum)
I,m not advise you to read books about daytrading, its old information
Just get a couple of bucks you can loose(pay for daytrading experience, its completely different from what you can read in books) start trading, then youll see if you need to read or not, give a chance to yourself, you can compare what you feel when operating REAL MONEY and what others say to you.
If interested, I can prowide you with resources, but try to trade completely on instinksts, it works.
Notin better than to actually get your hands really really dirty! Thats prob the best way to get into the act!
On a more serious note, if you really are looking to get into stocks the first step is to take a look at the market trends for a month or so. That gives you the feel of which stocks are actually going somewhere. Once you narrow down on a few - 10 - 20 ones that are affordable, stable start plotting data points in excel and get a graph. Invest wisely and sell like hell when you need to!
Only prob with stocks is that you need a lot of patience and even more time. Its sometimes easier going through mutual funds. The SBI Magnum Contra is one of the best runners in the market today.
On a more serious note, if you really are looking to get into stocks the first step is to take a look at the market trends for a month or so. That gives you the feel of which stocks are actually going somewhere. Once you narrow down on a few - 10 - 20 ones that are affordable, stable start plotting data points in excel and get a graph. Invest wisely and sell like hell when you need to!
Only prob with stocks is that you need a lot of patience and even more time. Its sometimes easier going through mutual funds. The SBI Magnum Contra is one of the best runners in the market today.
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