Good day all I'm new here, and I'm new in the market as well. (please forgive my english, as english is my second language) A little bit on my bg: I was first introduced into derivative trading around 4 months ago. I then decided to join some seminars regarding options and futures. For options, I have done some simulation with optionsxpress for 3 months with roughly 11 percent return (out of 10,000 capital) I was up to almost 20% actually, but because of some "experimentation" it went down. I mostly long short term, based on momentum. (hit some "jackpot" with apple, sbux, yum, wmt) I usually hold my position no longer than a month. But upon my own review...I probably was just lucky...starting on earning releases month ^^; plus playing it virtually, so emos are almost non-existant during the 3 mths period. For futures, I've decided to just participate in trades that met criterias lined during the seminar I joined. I've done a couple of paper trading, and it looks promising. I guess by doing this i will only hold roughly one month most of the time. I've decided to join in the market with real money, starting small. Today I just applied to open an account with IB. As i trade, I'll do my best to update this journal to get some feedback So before my first real trade, I am looking for some...wisdom...from ppl who have many experience in the market. Any volunteer to help this newbie? Cheers
I just finished reading BULL! by Maggie Mahar. What a great read it was! I've learned a LOT by just reading this book. Warren Buffet was right. I highly recommend it next book to finish is "5 rules to successful stock investing" by Pat Dorsey. Its supposed to be a very nice book as well.