Getting started - beginner part time trader

Discussion in 'Trading' started by YP88, Aug 14, 2017.

  1. You have to Understand everything about the market.. Many people out there believe they have the Crystal Ball on trading but hardly any work.. Get into a rhythm of how you are comfortable to trade.. Understand everything, Get all the information you need on a daily basis.. Understand charts, Momentum, News, How market works, your trading style will eventually come and you will be comfortable.. TOS good system for charts and basic information.. Lots of good free service info out there too like Twitter and Seeking Alpha.. News Services I use is TTN and The TradeXchange. TradeXchange is very cheap and gives you a good foundation of news and Options cannot trade without it.. TTN more expensive but deeper software of info. Good Luck!
     
    #11     Aug 15, 2017
    YP88 likes this.
  2. #12     Aug 15, 2017
  3. YP88

    YP88

    Thanks for your suggestions. I have downloaded Ninjatrader and have started with reading books related to fundamental analysis. I think, I Should gain some good knowledge first and then think about mentor. I will choose stocks and start reading about swing trading.
     
    #13     Aug 15, 2017
  4. I wish there was a good answer I could give you.
    The best I can say is don't trade ES, CL etc
    Trade an ETF on a your simulator until you are consistently making money.
    I read Wd Gann and each trader will tell you his own.

    I suggest you do something very simple
    Like double tops/bottoms.
    and measured moves.

    Don't give up your day job.
    Don't risk anything that you can't afford to lose
    If you have a winning streak don't let your ego get hold of you.
    Respect how many smart well-funded institutions and people form your competition.
    Think - out of the box.
    If you find an edge KEEP Quiet about it - tell no-one and be always alert for changing conditions to stop your edge from working,

    Good luck.
     
    #14     Aug 19, 2017
    YP88 likes this.
  5. vanzandt

    vanzandt

    If I lived next door to the CME...
    I'd be setting up microwave towers and leasing space on em.
     
    #15     Aug 19, 2017
    murray t turtle and comagnum like this.
  6. Overnight

    Overnight

    Yeah, and look at what those microwave towers have done to your dog! Poor little nibblet. :-(

    hehe, j/k
     
    #16     Aug 21, 2017
    murray t turtle and comagnum like this.
  7. vanzandt

    vanzandt

    #17     Aug 21, 2017
  8. Overnight

    Overnight

    #18     Aug 21, 2017
  9. %%
    I accidently microwaved some ants with my coffee water,once. That really woke them UP LOL.[the microwave ,not the coffee LOL......] DO NOT try this @ home with a cat-LOL.Maybe the ants are small enough to trend follow /ride between the waves?? NOT a prediction.:D:cool::thumbsdown::thumbsup:
     
    #19     Aug 22, 2017