Rick,
I'm just a trader in training like you, I'm not a PRO ...
I'll try to help you as much as I can.
First, please read my posts.
In this thread:
Subject 16961
Reply #591, 593(Philip Berber - CyBerTrader),
599 & 683 (Alexander Elder), 604, 685,
739 (Jeff Cooper's Hit and Run Trading),
757 (Jeff Cooper's 5 Day Momentum Method)
825 (STREET SMARTS by Laurence A. Connors and Linda Bradford Raschke)
See also:
www4.techstocks.com
Second, limit your loss with tight stops, maximum 5-10% !!!
Third, set up an initial goal (let's say 5-20% profit per week).
Work out/Develop your own strategy. Develop your network of traders you trust, this is the key of my success ! DON'T BE GREEDY !!!
I still prefer volatile penny stocks on news, using:
www4.techstocks.com
Good Luck,
1stSunRay
PS1: To paraphrase Warren Buffet, "In the short term the market acts as a voting machine. In the long term as a weighing machine".
More is made in the sitting than in the thinking ...
PS2: I still use FarSight, but I have to move !
PS3: It's good to try newsletters & books, but USE your inner talent,
intuition & discipline ! Don't buy trading systems and too much software ... won't help ... |
