Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I am impressed by the willingness to share information on this site,i have traded stock with my brocker for years and have done ---okay,but I NEED to do it on my own.I am hoping to learn from many of you and if anyone has any insight on how to begin it would be greatly appreciated to hear your wisdom.
Scarwolf
Can you help answer these questions from other members on NexusFi?
When I traded stocks, I would find the low priced stocks (less than $3) and I would look at the history and see if they move $0.05 to $0.15 daily in a rolling stock pattern. I did this with Lucent Technologies (LU) for a long time and did very well.
Search for stocks that roll in a predictable pattern.
Now that you are "endeavoring to persevere" in this business, one of the fundamental things you will need to discover is who you are as a trader. Are you a scalper, swinger, position, scarred rabbit, monster aggressive? or what!?
In the beginning (and the beginning can last about 3 years) it is going to be absolutely crucial that you find the right fit. What I mean is that you need to find out what kind of trader you are and what method(s) best fit you.
The one that will best fit you will be the one you can work. It really is that simple. There are 100's of method, 100's of indicators, 100's of gurus, 100's of everything. There is a reason for this. We are all different. We all have different risk tolerance, different fears, different desires, and some of us are just plain weird.
So, while you are working hard to get what you want, make sure the work you are doing is actually the right kind of work that can get you what you want. No sense digging a hole with a toothpick.
