Just wanted to introduce myself. Still trading mostly in sim as I have a small futures account. First had interest
in the markets in 1987, right before the crash that year , but was in MF's. Have tried to trade stocks, options, and now futures. Work full-time still, so it is difficult but able to get up before work and trade. I tried trading w
a propriety firm with 20:1 leverage daytrading stocks and got very poor supervision..stopped trading,
after I lost 1/4 of my account, only to be informed that the remaining money was purportedly misappropriated-somehow by a "rouge trader" shorting some biotech stock Bottom line or read between the lines- i got ripped off! I stopped trading for a few years as I was disullusioned but I have been back now for the last year or so.
I have never given up on the vision or the belief that I can/will trade consistenly profitable. I think the biggest thing for me is the psych piece. Hope to contribute in any way I can but not a programmer, in fact, my work, which I hope to retire from as soon as feasible, is in the field of counseling. Here's to success and quality of life, especially in these times.. Randy
The following user says Thank You to wolf7650 for this post:
I completely agree that one needs to perfect ones trading before risking money. Also, they must be properly captalized and know that all trades cannot be winners. But with the right system, you can expect, in the worst case scenarios, small drawdowns, and with proper placement of stops and money management (with stocks using only 1-2% of total capital), you should see results to your liking. I prefer options, which require a much smaller capitalization and the risk in minimized. Here is a list of optional symbols with good volume on shares and options that one can consider: A, AA, AAPL, ABT, ACI, ACN, ADBE, ADM, AET, AGNC, AIG, AKS, ALL, ALTR, AMZN, APKT, ANR, APOL, ARMH, ARUN, ATML, AUY, AVP, AXP, BA, BAC, BBBY, BBY, BIDU, BP, BRCM, CHK, CMG, CMI, COP, CPX, CREE, CROX, CSX, CVX, DBA, DECK, DIA, DIS, DO, EEM, F, FAS, FAZ, FCX, FFIV, GILD, GLD, GOOG, GE, GS, HD, INTC, ISRG, IWM, JBL, JNJ, JPM, KFT, LTD, LULU, MCD, MDT, MON, MRK, MRO, MRVL, MS, MSFT, NG, NE, NFLX, NOK, NTES, NVDA, NYX, OIH, OPEN, ORCL, PAY, PFE, PNC, QCOM, RAX, RHT, RIG, RIMM, RVBD, SBUX, SDS, SINA, SLB, SLV, SLW, SMH, SNDK, SOL, SPY, SSO, STI, STX, SU, SVM, SWN, SWKS, SYY, T, TBT, TIF, TLT, TSL, TXN, TSCO, TZA, UGA, UNP, UNH, USB, USO, UYM, V, VLO, VMW, VZ, WAG, WDC, WFC, WFR, WFT, WMB, WYNN, X, XLB, XLF, XRX, YHOO, YUM.
The attached charts should help you see setups and how I trade the markets using daily charts and options. Hope this helps. WK
The following 2 users say Thank You to ESFXtrader for this post:
Many thanks for responding, all the information, and the charts, I'll study your charts and notes, very nice! Your trading style is what I hope to learn.
In an effort to "keep it simple" as a beginner, I hadn't considered much beyond swing trading stocks on the nyse useing candles, volume and stoich...candles being my main thing to observe. As a beginner perhaps, all the other data (bands and indicators) on the chart equals alot to watch. Perhaps it becomes the norm after considerable viewing, where one can glance at an over-all chart and focus on the important factors?
I don't know anything about options trading yet. Why should it be considered over just trading stocks? Is it possible to average 1% gross gain per day with a simple but conscientious swing trading plan ...when one can only manage to watch a few stocks, a couple of times per day. Thanks again for the responses!
Last edited by klrskies; April 26th, 2011 at 07:44 AM.
Reason: spelling and added content.
The following user says Thank You to klrskies for this post:
Hi, my name is sky and I have been studying trading for about 5 months. I haven't lost an account yet but I am still mostly sim trading. My main Platform is Global Zen Trader or OEC Trader. Glad to be a part of the community and look forward to using it.