Introduce Yourself Here - Don't Be Shy!!

[MadMarketScientist 11]

Hi Mike,

 

Welcome and best of luck!

 

MMS

[ALPHASHIN 10]

HI everyone I am a new person to this site as well as to the investment community,

I have obtained my first broker designation and I DO NOT as of yet work in the

investment field or the finance industy as of yet, right now I am doing my series 7

and I am getting out resumes to finacial firms for an internship, I wouuld like books,

other than THE INTELLIGENT INVESTOR , and A RANDOM WALK DOWN WALL STREET. BOOKS that focus alot on tech analysis, I dont watch the markets alot

right now with studying for my S7, and I KNOW THAT I should, but I feel like I

am just studying in vain I should know alot more about the markets and what indicators,

to watch and how to use them, SORRY for the long post. THANK YOU

[MadMarketScientist 11]

Welcome to TL and best of luck with your studies. Learning the markets is a life-long process so stick around and get involved - there is no better way than to learn from others.

 

MMS

[Pony 10]

You're not really going to need technical analysis for the series 7 exam. You may want to know it for your clients, but you're really going to be looking a lot more at fundamentals. Yes, It's going to be great stuff to know in general, and it can improve a fundamental's portfolio skills, but remember, your main job is going to be a salesman, and you're probably going to forget a lot of this stuff you're not going to use. Your firm will have their own analyst and let you know which stocks you should sale, or based on your kickbacks what mutual funds you should push. If you try to use technical analysis for your clients, you'll should probably expect a call from your compliance department. Remember, at full service firms they charge a full service commission. Day traders didn't exist until discount brokers!

[ALPHASHIN 10]

YES you are right, PONY - I know that I WILL just be a sales man, for the investment industry, but I just want to know more tech analysis for myself, my true objective is to open my own firm, that is why I am doing all of this B.S - just to get the experience in the field and open my own firm.

[Pony 10]

I didn't mean to offend. I am in the exact same boat, except that I have no desire to open my own firm. I just thought with you starting out, that you would not know exactly what your job would entailing. Mine is more of eventually not wanting a boss.

[CortneyWilliams 10]

Hi, I've recently joined the forums. I've become interested in forex trading as it is quite popular nowadays. I'm willing to learn tips and strategies from fellow traders.

 

Regards,

 

Courtney

[daytraderalanjames 10]

Hi

I'm Alan and have the fortune to be retired and living in a beautiful part of Spain. With plenty of time on my hands I have decided to take up Day-trading FX.

 

Like probably every one else, when I had a 'Demo' account I made good profits but alas, since going 'live' I'm losing.....

 

MY PROBLEM : I keep getting 'stopped' out and find it very frustrating.

 

I would appreciate any advice on how I might improve my chances.

 

Also would love to be able to 'chat' to any experienced trader during trading hours if they have the time to coach a 'newbie.

[TimRacette 11]

Hi Alan, aside from assessing your strategy and entry's, one option would be to double your stop and cut your position size in half. This leaves the same risk with a wider stop.

[Tams 20]

Hi

I'm Alan and have the fortune to be retired and living in a beautiful part of Spain. With plenty of time on my hands I have decided to take up Day-trading FX.

 

Like probably every one else, when I had a 'Demo' account I made good profits but alas, since going 'live' I'm losing.....

 

MY PROBLEM : I keep getting 'stopped' out and find it very frustrating.

 

I would appreciate any advice on how I might improve my chances.

 

Also would love to be able to 'chat' to any experienced trader during trading hours if they have the time to coach a 'newbie.

 

the first question I would ask is... are you using any method or system to trade?

 

if yes, the next question is... do you have the method written on paper?

 

final question: are you executing according to the rules of the method? both during sim and trading live?

 

My suggestion:

don't answer my questions here.

start a new thread with your problem as topic.

[daytraderalanjames 10]

Hi Alan, aside from assessing your strategy and entry's, one option would be to double your stop and cut your position size in half. This leaves the same risk with a wider stop.

 

Thanks Tim, I like that idea. At least it will prove to myself that I am setting stops too close to my dealing prices.

[Mavrick77 10]

I just thought I would say Hi to everyone. I hope some of you can lead me in the right direction to market success..

 

my background: Product manager laid off due to company downsizes... Economics degree...minor trading past, mostly companies I know about.

 

I hope some of you can lead me in the right direction on where I should be trading (best site/cheapest trades)... looking to start trading futures and swing trades, even though I admitt I am not very experienced with them. I am stuck at home from 2 back surgeries and unable to work right now...so I need to keep my brain active, and hopefully keep some money flowing in.

 

thanks for any help!

[Tradewinds 12]

I just thought I would say Hi to everyone. I hope some of you can lead me in the right direction to market success..

 

What trading platform are you using? Have you done any practice trading? Have you heard anything about what the success rate for traders is? Do you have an programing experience? Does your platform have the ability to do any backtesting? Do you keep a trading journal? What do you use for a news source? Are you familiar with trader personality profiles? Do you want to develop your own trading strategy, or trade someone's else's, and "make it your own"?

 

Are you willing and able for it to take years before you can make money trading?

[diane21 10]

Hello Friends!!

 

I am Diane Reilly from Alaska, Newbie here.

[thomasamoth 10]

Hi everyone! Just following protocol and introducing myself.

A little history:

2 years ago I was in a pretty bad car crash. Subsequently, I couldn't work at my old job (depot level aviation electrician) and I lost my job. After close to a year of physical therapy, surguries, ad naseum, I started to look to see what I could possibly do. I went to school and ran into some great people in my economics class. They were traders-stock market though-and that got me hooked in.

I got demo accounts with quite a few of the reputable firms, and felt I had it down. So I went live trading stocks, and promptly blew up a 50K account to 25K.

About 9 months ago, a online friend suggested that I might look at futures. So I did. Demo'd several brokers and funded a account with the same as my friend. Things were (are) going fairly well, and I had managed to get close to 30K in the account. And then something happened...I don't know what...but something happened. Nothing worked anymore. The setups I had been working with seemed to fail overnight. And now I am just below the 25K I started with and, quite frankly, scared to death. So for the past month I have been "simming" and still failing. And it all started just before the last contract rollover.

Oh, and in case you are wondering, this money I am working with is from a contract buy out. The lawsuit over the car accident is still in process.

Anyway, I am hoping that by coming here I can see what others in the same community are doing and how they are doing, and maybe even make a few friends along the way!

 

Profitable trading to you all!

thomas.

[silentshooter 10]

same here im a new also here of this forum.and sounds like too many people signed in..

 

im a newbie in fact i finished my class and now im making a demo on my own..and sometimes im trying to trade on live..

 

reading this forum different subject makes ur mind knowledgeable..

 

good luck for both of us...

[MadMarketScientist 11]

Hi,

 

Welcome to both of you ... feel free to post questions and get into the conversations here.

 

Best of luck trading!

 

MMS

[MadMarketScientist 11]

Hi Thomas,

 

Welcome to the forums ... thanks for you story. There is lots of content here about trading mindset and if you are scared, don't trade! But best of luck to you and please enjoy TL.

 

MMS

[Optionsmaniac 10]

Just discovered TL through Chart Advisor.

 

I have been trading equities for a few years and am finally getting into Options.

 

I have a lot to learn but looking forward to the educational journey.

 

Optionsmaniac

[CortneyWilliams 10]

Thanks for the welcome guys. How did you guys start trading?

[silentshooter 10]

Hi,

 

Welcome to both of you ... feel free to post questions and get into the conversations here.

 

Best of luck trading!

 

MMS

 

let me save this message from you sir if i lost a lot of money in my trade at least with this message i have a back up..lol

[silentshooter 10]

Thanks for the welcome guys. How did you guys start trading?

 

very simple i already know what forex means and different currencies.apart from that i was working before in a banking corporation..but this is not a basis to become a trader.

 

in short i signed in to class session..

[clara 10]

good luck guys i hope you will be succes

[rbizllc 10]

Hi. I'm a former financial advisor/planner for A.G. Edwards and LPL. Recently retired and am interested in finding out if I can adapt my old fundamental value philosophy to a value/momentum philosophy. I'm not interested in day trading but would like to shorten my holding periods by focusing on stocks that have intrinsic value and have begun to exhibit changes in momentum. I am primarily a "long" investor but would also like to learn more about trading in down markets too.

[Tradewinds 12]

am interested in finding out if I can adapt my old fundamental value philosophy to a value/momentum philosophy. I'm not interested in day trading but would like to shorten my holding periods . .

 

Sounds good to me. Use value for your foundation, and trade the direction until you see momentum slowing. What are you using to gauge momentum? MACD? Do you pay attention to the news? Do you have a handful of stocks you know well?