90 out of 100 years that is good advice, but in this moment there is much more risk of a drop than a spike so being long is riskier
25-30%,over a $mil,20%, you control the funds, they have to trust you, you have to trust them, it's a marriage, make sure you are comfortable, first with risk, and then all the other things, if you're not, you will be in his head and haunting his decision process, hence lower profits
You know how to make a small fortune? Start with a bigone! Let the professionals take care of your money.
IRA!!!! Here are some of the facts that every investor should know about day trading: Be prepared to suffer severe financial losses Day traders typically suffer severe financial losses in their first months of trading, and many never graduate to profit-making status. Given these outcomes, it's clear: day traders should only risk money they can afford to lose. They should never use money they will need for daily living expenses, retirement, take out a second mortgage, or use their student loan money for day trading. http://www.sec.gov/investor/pubs/daytips.htm More than 90% of small traders lose! They just lose!!
There are tons of successful big traders (Higher Educated) vs Small Traders ( Lower Educated and Under Capitalized). Study this chart: http://www.elitetrader.com/vb/showthread.php?s=&threadid=236628&perpage=6&pagenumber=3 Higher Education is the key to become a successful trader! Higher Education!! P.S I should add on the Ghettos Level: Small Traders openning IRA account
Trade whatever moves. Learn technical analysis and keep it simple. Trade price action and charts, nothing more and try not to waste time on the buy and hold strategy, thats a waste of time and too risky in this environment. Best of luck. Dan
Please, before you make any decisions you must determine if you are self directed or if you trust others. In a market like this there are so many ways to make great gains that to describe them would take a while. The very best thing to do is to set up demo/practice accounts with Fx and or Binary sites and test your skills BEFORE placing ANY real money into a real selfdirected account.
Emg, You have a point : retail traders should always stick to demo till they can show 6 months of consistently profitable trading. This would eliminate a lot of the "reloadings". You have a point : retail traders should realize and admit they are retail, so as to stick religiously to their stops, and their money management. Remember retailers are competing against arrogance, so stay humble. Thank you for helping the small traders become better. More info please .
I don't know much about others but it makes sense to protect 'PRINCIPLE'. Mutual funds that garnish YTD gains on an annual basis should work well. If you want to trade, allocate a portion and see how you do. If you can beat out your current holdings, then continue. If not, it's a clear sign that you should just leave it somewhere safe! There's no need to be macho.