Baker

traded for a bit last year, only made 3 trades before i had to use my trading money for a speeding ticket and textbooks hah. taking next semester off to save up 10k and will be trading immediately once the money is had. stocks only, trying to learn forex too but not enough time with school in the way.

ghost towns dont mean anything. china also has ghost towns in africa that they plan on occupying relatively soon most likely.

its easy. if something is in an uptrend then buy. if its down for two days, then get out. let profits run if winning. failproof.

just go all in every trade, 70% of your account. if you start losing, exit. if you win, let profits run. if you lose, make your next trade be 80% of your account so you make up for your losses faster. if you lose again, go 90% then 100% if need be. you wont fail. you cant fail.

sure if you say so champ

dont see whats wrong with this. i know a couple of small hedge fund managers that trade nothing but technicals and theyre all successful.

i traded stocks in the past, then studied forex, now im getting back into stocks. for the most part id say stick to stocks but study forex as well. i think the majority of traders that are active on forums are forex traders, and many of these traders create new ideas that one can apply to the stock market (maybe other markets as well).

Idk dude hah econ is the only class i like for some reason. Im also starting to look for an internship at an ibank over summer to gain some experience. Ive been looking for other traders but cant really find any. The people interested dont take it as seriously as i either.

it also appears that when i did my first trade, i had massive surge of emotions. excitement, fear, curiosity, anxiety, etc etc. it was mostly just due to trading for the first time. seems as though this feeling has dimmed down a bit. i worried excessively over my first trade; i checked the hourly and the 15m charts even though i planned to be in the position for a couple of days. now a good amount of these emotions have left and i feel a lot more confident when i trade. not saying that im 100% confident with every trade, but it seems a lot easier to manage my emotions after my first trade.

havent updated this lately as i havent been on the site much. i also keep a more intricate journal that i use while just watching random stocks on the market. also got a speeding ticket and had to withdraw half of my account, leaving my buying power at $620 :crap: this sucks, but whatever. i bought 100 shares of BSX on 9/18 @ 5.64 just incase it broke through the downtrend (which it didn't). i sold the next day (9/19) after i decided it wasnt breaking that line, so i got out with a total profit of a whopping $7.

Nope, just a college kid. No ties to any financial companies.

just wondering. some people want me to manage their money and was wondering if its legal. only trading stocks btw.

as a nooby stock swing-trader with a small account, i like relatively low volatility. slow and steady price increases are my best friends.

also im starting to meditate 10min in the morning and 10min at night. ive been reading about it a lot as of late and the benefits of mediating seem very beneficial to trading.

swing trading stocks for the first time. started 2 weeks ago originally with $1100, now im down to $1050 from two trades due to impatience, stupidity, greed, and inexperience. first trade i bought 100 shares of EBR and it rose $.32 in two days and reached the price i planned on taking profit at (extremely heavy resistance). instead i held it blindly, hoping that it would break the resistance level and id make hundreds of dollars :crap:. most recently i bought 125 shares of VELT, prematurely anticipating the confirmation of my indicators, and i was down $.25 before i knew what happened. i learned from these very stupid mistakes, thought they easily could have been avoided. ive been trading incredibly sloppy and i havent been respecting my money. as of now, that wont happen. i expect to make mistakes along the road, but these hiccups are completely inexcusable. from now on im sticking to my plan and doing my research. a little background on me, im a sophmore in college and im majoring in economics. this is more for learning than actually making a large amount of money. i would like to trade full time, but thats not happening anytime soon.

good traders = play it safe great traders = take risks but can control damage basically?

You trade full time?

thanks a lot for that detailed explanation, i really appreciate it. always glad to learn about the systems and theories of experienced traders.

how many different time frames do you use for confirmation? i just started trading stocks (made my first trade last week) and i use a couple of moving averages and MACD only. im also working on a system that uses bollinger bands, acceleration bands, and RSI right now, but im on limited capital and can only really be in one position at a time :embarassed:

i think most people are just completely uninterested in acquiring things that cant be bought aka the most important things in life (knowledge, fitness, kindess, etc). its the "if it doesnt get you a lexus then why do it?" mentality.

i know that a large number of traders dream about travelling the world and trading and id have to assume that a decent chunk of traders on this site actually get to do this. anyone have any stories of travelling the world and trading?

what fees apply to trading stocks (ex. Commision)? Im going to start trading a small account soon and want to figure out how much will be deducted from my trades.

anyone know of any free backtesting software that can be downloaded or used online?

do all brokers have access to all stocks on the NYSE and NASDAQ? i was under the imrpession that some brokerages dont allow you to trade some penny stocks.

i did not. sorry about that, will do.