I just joined today and am excited to be part of a group of people who are serious about trading to make a profit instead of using it as just another form of gambling....which it is if not done correctly and with a good working strategy. I have never actually traded before, not even on a demo account. I'm brand new and just watching YoutTube videos and some webinars, training sites and reading some Kindle books. Right now I'm reading an excellent book entitled:
"A Beginner's Guide to Day Trading Online" by Toni Turner. Very well written for sure! I'm not even sure what I'm allowed to say, for example, is it okay to mention a specific book on this site? Well, I'm sure I'll learn the rules better in time.
I chose the name "Tradergator" as I'm thinking of myself as an alligator in the murky waters of the Market looking to gobble up (or pounce on) those profitable exit/entry positions as they appear.
Question: How to I send a question to one of the moderators? I need to contact one.
thanks so much for your time. May you be prosperous in your trading career!
My advice would be like Cory said, start from the beginning. I am doing the same exact thing. I have been reading through some threads here about beginners, Took a look at the Sticky thread that tells me what some of the abbreviations stand for that people use so frequently here, I just ordered a book that was suggested by many here called "How I made $2,000,000 in the Stock Market" by Nicolas Darvas, and I started a journal to track my progress from Noob to trader so that I can get others advice and opinions. A nice user named DBPhoenix just gave me this awesome PDF that goes over how to make a trading plan which many here have said is an absolute necessity when it comes to trading and staying on track so I will be reading that here in a few minutes.
Here's a link to my Journal, you're welcome to come and join me in learning what I feel will be an exciting field of work and you can also see the PDF that DBPhoenix posted and read it for yourself. Good luck man! https://futures.io/trading-journals/36315-beginning-my-journal-starting-scratch.html
The following user says Thank You to AgentSmith for this post:
I am also on that journey of exploring the wilderness of trading. Some things I have come to consider important:
Determine the time of day one wants to trade.
Size of startup capital determine the trading market.
Proper risk management. Back testing a trading plan
Understanding your weaknesses in trading. (Look at this section on this website: Psychology and Money Management )