Whoever you are excited, please stop the postings. You're only stirring up trouble. If you still work at the firm please come see me.
Joining the Forum to learn! I'm a former futures trader away from trading for several years, and interested in equities trading. A question for Livingston: Do you prefer NYSE stocks or NASDAQ? Which would you recommend to a new trader to equities? Thanks for any help!
Defintely NYSE, I hardly ever trade NASDAQ, begin with NYSE, much easier to take advatage of the specialist system and measure your risk...
OK, I'll take the bait. I want to learn how to trade well enough to net at least $150K annually. I'm willing to put in whatever time and work is necessary, and I have available capital. What do you advise?
Thanks, Livingston! Would you agree that the position itself dictates holding period? It would seem that in some trades you're going to exit almost as soon as you get filled, but in others (especially those going well) you might well hold for hours. A suggestion if you're willing: It'd be great to see a "trade dissection" of sorts. The stock itself isn't important, but the thought process you use in analyzing and managing the trade relative to the factors influencing your thinking would be very helpful! Glad to see this thread revived!
iT TAKES 6 TO 8 MONTHS, FIND YOURSELF A MENTOR, PUT UP 5 K, AND GET READY TO FEEL A LOT OF PAIN, AND IF YOU ARE GOOD ENOUGH, SOME PLEASURE
In and out my friend, I dont hold for hours, when things move, they move quickly, some of my most profitbale trades have taken less than a couple of minutes.... READ THE TAPE, it will never lie to you!