Advice to New Traders

Discussion in 'Professional Trading' started by AkbarTrader, Mar 7, 2006.

  1. go work for a trading firm that knows how to make money for a few years
     
    #11     Mar 7, 2006
  2. vl_86

    vl_86

    can i subscribe to the wsj if i live in canada?

    cause i just glanced at the subscrption and the only kind of wsj are for asia, europe the us
     
    #12     Mar 8, 2006
  3. Ebo

    Ebo

    #13     Mar 8, 2006
  4. KS96

    KS96


    What happens intraday has nothing to do with the wsj.
    Don't subscribe.
     
    #14     Mar 8, 2006
  5. Ebo

    Ebo

    Great advice!
    Read Playboy between positions.
    I actually find I have a better day when I drain the main vein pre-market.

    Dude, It's $100 for a year, that's really a huge Capital investment.
    If he makes 1 profitable trade for a Grand a year he made 10X his investment. Nobody said it was a "daytrading tool".
     
    #15     Mar 8, 2006
  6. KS96

    KS96

    He said that he wants to daytrade.
    WSJ is going to give you a bias (bad for daytrading) you don't need.
    (plus you are gonna save $100 a year :)
     
    #16     Mar 8, 2006
  7. Ebo

    Ebo

    I responded to a specific question about subscribing to The WSJ in Canada, NOT the original poster.

    Maybe if you paid attention to what you read, you could turn a profit. Now I totally understand why you frown upon reading the WSJ.

    Good Luck

    PS:

    Now I have seen it all here on ELITE!
    The WSJ is bad for daytrading.
    That is a classic.

    I will PAY for his $100 WSJ if you never post again.
     
    #17     Mar 8, 2006
  8. KS96

    KS96


    Didn't mean to offend you honey.... what's your real problem?
    He asked for an advice in a public forum, anyone can reply
    with his/hers opinion, right? Whatever... I am off.
     
    #18     Mar 8, 2006
  9. romik

    romik

    borrow initial capital from your mother-in-law, odds are that you will probably lose both the money and mother-in-law. Basically - always hedge :)
     
    #19     Mar 8, 2006
    Buy1Sell2 likes this.
  10. bitrend

    bitrend

    Buy this book Reminiscences of a Stock Operator.

    - Read it. You will have an idea how Wall Street works.
    - Make some trades. You will lose money.
    - Reread it. You will understand how Wall Street works.
    - Make some trades. You will break even or so-so.
    - Develop your own system. You will have confident.
    - Trade with your system. You will get my sincere wish for luck.
    - Come back and start argue with ET members. You will be known.

    :)
     
    #20     Mar 8, 2006