If you knew then what you know now, what would you have done differently to learn to trade?

Thank you, I must research this further for the instruments I trade.

 

I'd say that margin is the biggest contributor for losing accounts , you can make money in stocks , if you keep adding to your position and don't day trade , and keep investing in dividend paying stocks.

 

Margin is just leverage. Trading is either profitable or it isn't. Risk management is a given in all cases.

 

100% agree, margin & leverage is the main reason why novice lost their account.
Too many snake oil bucket shops in today's market, 10 years ago you rarely heard someone are able to trade forex with $500 starting capital, and loss 80% in a week.

 

I was the one who asked this question in my thread and my answer to this question is trade stocks beause you can control your risk better, also you can always find a stock in play. Theres just day when the indices are not tradeable. When your trading stocks you can trade really small until you learn how to trade.

 

I would have listened damn bear blindly to the guy who introduced me to trading instead of taking his words and then going on my own so-called knowledge quest. Why? Because when I finally learned the info that made me profitable, it was the info that the guy had given me in the first place.

 

TO PAPERTRADE FUTURES FIRST. 8k lesson.

 

"If I knew what I knew in the past. I would've been blacked out on your ass."
"I'm aware I'm a wolf. Soon as the moon hit. I'm aware I'm a king'"



All joking aside though, to answer this post...don't bet directionally blindly. Think pairs or two, or have backup. Two is a very feng shui earthly lucky number...alot of things in this world revolve around the number two, or pairs.

"All movement in the universe is caused by tension between positive and negative furies." -- Big Trouble in Little China, 1986 movie

 

Never looked at charts or gone down the TA rabbit hole. That's what i would do over. surf

 

After learning to read stock charts to a certain degree,
I would have ignored any charts that didn't have a
recognizable TA indication that stood out like something
jumping out of a 3D movie, learning later that the farther the
indication is from the textbook drawing, the less chance of it
working out. And I would have never, ever attempted to apply
TA to a given chart, as it's too easy to bend the lines and
see what's not there. So with the limited choice in futures,
it's 3D or pass.

When I worked for a major investment bank I was forced to
write TA comments in the analysts reports. Really had to bend
the lines in order to say something for a given chart.