Everyday, espeically early morning, most time one day before, but I don't have much experiences on trading, and also don't have enough money. wonder where should I start?
You need risk capital to play this game. Start by documenting paper trades (in a journal on this forum will work) and review your performance ovet time. Be sure to have timely entries and exits if posting here. Simultaneously get a job in order to save money, or find investors. Good luck/quantum entanglement.
What is it about the market you predict? Predicting where is easier than predicting when and how. Having an idea about direction is useful, but you'll still need an entry, exit and position sizing strategy. What's your prediction for today? May the Force be with you!
I am a foreign engineering student, and I can't work legally in US. I did open an account for stock, and make about several hundred dollar per month on about 10k. I think I will use more aggressive strategy as I get to understand more about the market. I wish to find someone who could help me with the legal status in US, so that I can work legally, in exchange, I will provide my prediction for market everyday for certain time period. Wonder if that's possible.
I don't know the exact entry point, I know certain stock or spy will go up or go down on today or the day after today(less accurate than early morning prediction). I usually buy the dip, then sell high. Usually if I don't feel good, time to buy stock, when I feel good, time to sell, I mean for spy or DIA. As for some individual stock, I have other strategy, I just buy dip and sell high.
"I just discovered that I have psychic ability to predict the market..... most time one day before" You only have the ability to predict one day in advance? This is EliteTrader, most of us can see 3 or 4 days out. I think you need to work on your psychic skills a bit first and then come back here.
Happy602, We have been in a pretty strong bull market since 2009. Your psychic ability is going get a jolt when the conditions change. This buy the dip mentality was a famous pastime for those who could be called victims after the crash in 2000 and 2008. It's quite a legit way to trade until it stops being legit. Why do you want to trade in US and work? You can trade in other global markets. You are not dependent on data feed as you are using psychic ability and not using charts or even fundamental data. Just pick a market close to home and make tonnes of money and then move to where ever you wish to move. Gringo
Actually I have the ability to make the market down. If I want it down, it will. If I want it up, about 70% chance it might go up. I know it is crazy, but that's one of my ability. How about one day, everyone think the market will soar, I make it down the next day, and post the information here one day before?
"I know", "I feel" and "I have a psychic ability" could become a problem after a string of losses. Are you emotionally robust enough to withstand 5 or 10 losses in a row? Trading can be simple like you describe, but do take on board Gringo's observation. Expect the unexpected (if that's possible for a psychic). Did you encounter any of the 38 steps? drownpruf, this could be the start of happy's trading career, hence in Career Trader!