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Ulics post is probably the best advice post i have ever read regarding trading
invest in a lot of time studying market psychology, 90% trading is psychology
If you want to trade large cap and the market itself, you need a decent sized account and buying power unless u go options but totally ignore options for now, need to learn how the market works
When i started off, i picked a small cap sector and figured 100% exactly how those stocks worked (biotech) and built up a lot of capital and now i only trade the real market , the big boys
ulic is right start fucking around in a paper account for a some months, but be prepared its 100% different ball game with real money, then u are tested on how u control ur emotions
this is a huge mountain to climb if you want to be profitable, the path will be a huge roller coaster of ups and down... you probably won't be profitable for at least a year++ , most people give up/ quit
a lot of people thinks stocks is easy money, if you think like that you have already lost
start off by picking a sector/type of stocks you'd like to trade and go fuck around in a paper account while reading up on psychology of trading
there is just so much stuff to know its endless, the best way is learning your self IMO
and i wouldn't spend any time researching fundamentals of stocks if your TRADING like PEs , eps and all that stuff. A trader only looks at TICKER and PRICE and VOLUME
also fundamentals of the MARKET as a whole.. very important.. know what NEWS moves the market can hit some huge trades...
Last edited by strykn; 02-28-2013 at 05:04 PM.
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