Eric, I know your words are true.
I've been learning about trading first hand for about 6 months. I've read a lot, took a course in Chicago on options, sold puts and wrote calls, bought a few stocks and "position traded", subscribed to some newsletters, surfed the web. I've had some winning trades - have had losses on BUYING calls, which I've committed not to do again until I figure out timing/direction better (!) and still have 92% of the money I started with back in June. I'm trying to learn not to do the things that have cost me $$ (buying calls, chasing stocks, make a killing rumours) and concentrating on the things that I think will make me money (having a system, keep stops tight, pass up a bad trade, learn about the markets, understand how things are inter-related, learn to judge the merits of stocks). Today was a bit of a watershed day though!!!! I cautiously believe it's possible to do this.
Thanks for the support. Cloudless
>>Your biggest challenge in the 2-4 months ahead is survival. Don't try to get rich, it's a certain way to go broke. Take things slow and easy and try to gain experience and knowledge from each new trading day.<< |
