I am new to stocks trading, one year back I got Etrade a/c for my employee stocks and I started trading. My first stock was Apple and I bought some put options of BP, strayer and some calls of CMG.
These trades made a huge profit (1000+%) and subsequently lost all gains and even my some initial investment.So I am currently not trading and looking for eductional material and learning if investment is good for me.
Since I am new to trading I don't have any questions , but hope I will learn and educate myself from reading other members posts.
I found this forum after hearing about it from others.
So far I've viewed a few webinars which which were very enlightning.
I'm a beginner primarily trading the gold, oil and the euro, and still learning.
Thank you Mike for this great forum.
Hello I am new to the forum.I am a retired ex-banker/CPA who started trading about 18 months ago.I live most of the time in france and some time in the UK,
I started with CFD`s , then moved to futures and last november moved to Options.I feel more comfortable trading Options as the philosophy of planning your trades before entering , for continuity and subsequent adjustments really appeals to me and , I think, suits my personality better.I tend to trade Gold and Silver, and am interested eventually in expanding to a few other metals.
I had a very positive experience at the beginning trading Options , but then as I got to understand the risks and techniques required became more conservative , and started having less success.At that stage , I was trading Iron condors and calendars of Indices and some commodities.Although I was losing money , I began to realise that although I was picking good trades , I was not succeeding because of either bad entry point or lacking in confidence in not carrying through my strategy, and bad discipline.This resulted in small losses and very small profits , which could have been gains in more experienced hands.So this has given me the confidence to push on and in the last 2 months have started to have much more success by improving my discipline and learning to stick to my plan..
At the same time, I am taking every opportunity to read technical books and listen to videos and webinars , in order to improve my understanding.I still have an awful long way to go but am starting to get a better understanding of option pricing and how it reacts to volatility and price movement.
I look forward to getting feedback from the forum.