[Ulic Qel-Droma]

lol bump this thread. I get a lot of PM's asking for advice.

a lot of questions get ignored in the stock thread. It would be great if people could help out newbs in this thread..

people should try to help answer as much as they can here.


my first advice is (if possible), find someone that already invests that you can go and pick their brain. whether it be an uncle or your dad or a friend or whatever.

you'll learn more sitting with them for a day than you will asking questions here.

once you have questions then you can ask here.

but just remember, everyone has a style of trading.

it's like a martial art.

you could ask a kungfu master and a MMA fighter the same question and they'll tell you two completely different things.

everyone has their own style. you learn and you slowly integrate what works for you.

start by reading about the different types of orders you can put in.
stop orders, limit orders, market orders etc. (and remember not all markets have all types of orders).

learn what hours the markets you wanna trade trade on, and why.




start virtual/paper trading.

its kinda like a video game... you read the very very basics, and u just fuck around with your virtual account and learn and play as you go on. and any questions you come up with just ask.

question... why did you lose money? why did you make money? what happened?

strykn is right... you will only learn through your losses.

gains are nothing.

learning how to control your losses is everything.

it's like running a marathon where you're the only competitor.

your goal is to get to the end... no matter how long it takes you.

you focus on how to not trip, or wipe out, or fuck up too often along the way.

everyone can get to the end of the race, just most people fuck up too much and lose confidence and quit.




forget the term "a good offense is a good defense". doesn't work for trading.

the market is like a giant pool of money, thats constantly in a vortex.

once in a while you reach into this pool and you manage to grab some money and put it into your own little pool.

but every time you reach in, you expose your own pool of money.

the vortex will always try to suck your money away.

just learn to protect your own fund and only reach into the vortex when you're SURE you'll grab money.

eventually u might get good enough that you can grab a little each time you reach in.

eventually you realise you grab more money from the vortex faster than it grabs money from you.

then you start putting in two hands.. three hands.. 4 hands.

eventually you'll get good enough and confident enough you can put in 100 hands.

even though each hand is only pulling a little out. with 100 hands you can pull a lot.