If you want to fail as a trader, study TA

Discussion in 'Psychology' started by The Expert, Apr 27, 2010.

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  1. odlareg

    odlareg

    Nice Pic,

    Better than this as an example will be hard to find.

    Te, is the last red the BOB?
     
    #801     May 26, 2010
  2. How are you getting on with IG?

    Trying to wangle a commission deal with them myself...
     
    #802     May 26, 2010
  3. Something as simple as a moving average cross?!? NAHHH!!

    [​IMG]
     
    #803     May 26, 2010
  4. Mysteron

    Mysteron

    Well I already have a Vauxhall. :D

    I hope that some day GM = Good Morning, rather than at present when I get up to go to work, and think "s**t not again".

    I have a CFD account now, with a UK broker at a cost of $4 in total for a trade (buy+sell) and I put £1000 into the account. I've been trading 100 shares in the evenings after work, which is not ideal, fortunately I can be at home each Friday afternoon in time for the NYSE open. It should be interesting to see how long my account lasts. I'm down about $40 so far. I lost a bit last week but have made a few $ this evening and yesterday on DV!
     
    #804     May 26, 2010
  5. Four bucks round trip, with a 1K margin??? who's that with?
     
    #805     May 26, 2010
  6. odlareg

    odlareg

    MN, could you post a chart with your entries?
     
    #806     May 26, 2010
  7. Mysteron

    Mysteron

    CMC Markets.

    Account size is currently $1400 its for training purposes, cost $4 (buy+sell) and theres the spread too. So risk per trade is already abut 0.5% before considering a stop loss.

    When/if I use a much larger account I'll then choose whatever broker is best based on whatever minumum commission charges they have.
     
    #807     May 27, 2010
  8. Hmmm, I don't want to sound negative and perhaps I shouldn't say this, but I had a look at them and there are some woeful reviews out there, have a look on the site that TE doesn't like to mention...
     
    #808     May 27, 2010
  9. ellokn

    ellokn

    Sometimes you get what you pay for. Inexpensive can translate into hugely expensive. Just wait until you make your first error or have a technical problem on your end and need to get someone on the phone. Your minimum commission broker will suddenly become very expensive.

    I have no affiliation with any broker. Am not a broker.
     
    #809     May 27, 2010
  10. Mysteron

    Mysteron

    Before I chose a broker I did read the reviews on the site you mention and so far can't say that I've had any problems. I vaguely recall one reviewer saying that the CMC software caused their PC to freeze every few minutes, but thats not happened to any of my PCs.
     
    #810     May 27, 2010
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