Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Which products do you/do you intend to trade mainly?  

315 members have voted

  1. 1. Which products do you/do you intend to trade mainly?

    • Agriculture
      46
    • Energy
      95
    • Equities
      197
    • Equity Index
      138
    • FX
      234
    • Interest Rate
      39
    • Metals
      101
    • Other
      79


Recommended Posts

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

Share this post


Link to post
Share on other sites

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!

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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!

Share this post


Link to post
Share on other sites
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?

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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...

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
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..

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By freetrading
      I won $75 in the weekly CloseOption binary options trading contest.

      You can also win if you register for free using the link below.

      Every week there is a contest with a total prizes of $1,000.

      https://www.closeoption.com/referral/2121479907845

      Read CloseOption Broker Review and Find How to Receive 10$ Binary Options No Deposit Bonus
       
       
    • By Ninjatrader_Staff
      Trade Nano Bitcoin Futures & Get $100



      New Nano Bitcoin Futures allow traders to easily go long or short Bitcoin with commission-free trading, $25 margins & $0 market data fees. For a limited time, you can earn a $100 cash bonus* when you trade this contract from Coinbase Derivatives. Simply trade 100+ Nano Bitcoin contracts prior to August 31st, 2022 & $100 cash will be credited to your account. It’s that easy.
      OPEN ACCOUNT
      4 Reasons to Trade Nano Bitcoin Futures Contracts

      Significantly less capital required to trade
      Trade commission-free with just $25 day trading margins & $0 market data fees Go long or short Bitcoin
      Easily trade both directions by simply buying or selling contracts based on your market view
      Protect your assets in a regulated environment
      Trade a regulated product in a marketplace regulated by the CFTC to ensure your peace of mind

      Gain exposure to crypto without owning crypto
      Capitalize on market volatility while maintaining the benefits of futures including increased leverage, tax efficiencies, segregated funds & more.


      If you have any questions on how to start trading this exciting new Nano product from Coinbase Derivatives, please contact us at brokeragesales@ninjatrader.com.
      _______________________________________________________________
      *Program Requirements:

      Available for both new and funded individual NinjaTrader accounts. Trade 100 or more Nano Bitcoin contracts (50 round turns) prior to August 31st, 2022 to earn a $100 cash rebate. The cash bonus will be distributed as a $100 credit to each qualifying individual account in September 2022 Credits may be subject to US withholding taxes & any associated taxes are the customer’s responsibility. IRA and professional accounts are not eligible for this offer. Program requirements subject to change.

      RISK DISCLOSURE: Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By Ninjatrader_Staff
      Nano Bitcoin futures are crypto futures priced right for all traders with $25 day trading margins, no market data fees and commission-free trading!
      Sized at just 1/100th of a Bitcoin, Nano Bitcoin futures from Coinbase Derivatives allow traders to navigate volatile markets with a contract size that fits any portfolio. Open your NinjaTrader account today & easily go long or short to hedge against Bitcoin price moves in a regulated marketplace.
      OPEN ACCOUNT
      4 Reasons to Trade Nano Bitcoin Futures Contracts
      Significantly less capital required to trade Trade commission-free with just $25 day trading margins & $0 market data fees Go long or short Bitcoin Easily trade both directions by simply buying or selling contracts based on your market view Protect your assets in a regulated environment Trade a regulated product in a marketplace regulated by the CFTC to ensure your peace of mind Gain exposure to crypto without owning crypto Capitalize on market volatility while maintaining the benefits of futures including increased leverage, tax efficiencies, segregated funds & more.
      If you have any questions on how to start trading this exciting new Nano product from Coinbase Derivatives, please contact us at brokeragesales@ninjatrader.com.
      Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By Ninjatrader_Staff
      Save on a Lifetime License!
      Open a new NinjaTrader Brokerage account by June 30th and save $100 on a new Lifetime license at a discounted price of only $999.
      OPEN ACCOUNT
      Along with access to the most powerful version of NinjaTrader, you will save even more with deep discount commissions at $.09 per Micro futures contract & only $50 margins.
      Your Lifetime license includes ALL of NinjaTrader’s premium features:
      Award-winning order entry options including Chart Trader & OCO orders
      Order Flow + tool set featuring the Volume Profile Indicator – NinjaTrader’s most powerful indicator to date
      ATM Strategies, advanced Alerting system, auto-close positions for additional risk management and more
      PLUS all future NinjaTrader platform enhancements are included at no additional charge – for life!
      Simply fund your account to lock in your savings. Once you have funded your new account, you will receive a discounted purchase link by email.
       
      Questions?
      Contact us at 312.262.1289 or brokeragesales@ninjatrader.com.
      *Platform License Discount Requirements:
      Account must be opened & funded in June 2022
      Discount is applicable to software purchase only
      2nd accounts for current NinjaTrader Brokerage account owners not eligible for platform discounts
      Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By Stocks4life
      $CDLX Cardlytics stock good buying at 29.29 support area https://stockconsultant.com/?CDLX

  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.