My high school summer job: trading the NQ

Discussion in 'Journals' started by zdawg164, Jul 3, 2008.

  1. Yeah post your trades, with as most of your thought process as you care to share. Focus on explaining your exit process because that is the hardest part of trading.
     
    #181     Jul 14, 2008
  2. VictorS

    VictorS

    Compliments to you Baggerlord. You've been giving good honest advice to this guy.
     
    #182     Jul 14, 2008
  3. ha thanks, i'm sincere but I'm still just a 100 share piker.
     
    #183     Jul 15, 2008
  4. I love the brutal honestly. Credibility just went up like the Euro!
     
    #184     Jul 15, 2008
  5. Baggerlord, like VictorS said, thanks for the helpful advice.

    Sorry I haven't been updating my journal lately guys, it's just that I decided to take my mind of the markets for a couple of days before I jumped back in to do anything. So starting tomorrow and maybe the next week, I'll document my sim trades as best as I can using the excel spreadsheets that cashmoney suggested. If I get good results, I will jump back in with real money and hopefully I will be able to make it all back at the very least.

    Compared to my net worth now and a month ago ($2k, $1.5k) I'm a broke fuck!
     
    #185     Jul 17, 2008
  6. Hey no problem, I'm still just learning myself, but have already gotten some of the dumber mistakes out of the way. Maybe you can still avoid them!
     
    #186     Jul 17, 2008
  7. I had a trading account when I was 16.
     
    #187     Jul 17, 2008
  8. Hey, Dude, here's some serious advice. I started trading stocks at 19, with family money, and I survived and made a little after a few years in May of 2003. Not a very good time, believe me.

    Your problem is not that you have no desire, you have no strategy. I've spent the better part of the last five years figuring it out. If you want to go down that road, you can look at my profile to see what the end result is.

    To learn takes 2 years, and you'll most likely lose money. During that two years, you must write down systemattically what you were thinking and come up with a system.

    I have a bias towards Wealth-Lab, and Fidelity will treat you a lot better. Learn on ETF's first. I'm pretty sure you'll be out your whole wad soon enough, otherwise.
     
    #188     Jul 17, 2008
  9. yayt

    yayt

    Yeah I'd have to agree, trade 100 or even 50 share lots of ETF's (especially SPY/QQQQ/DIA if you're dead set on trading those futures)
     
    #189     Jul 17, 2008
  10. auspiv

    auspiv

    hey, how about you shut the fuck up.

    1. i'm 18 also, and have an individual account. not my parents money, all my own.

    2. i started with $3000 and am doing well, thank you.

    3. wow. you whipped that out of your ass.

    if you have nothing nice to say, dont say nothing.
     
    #190     Jul 17, 2008