yeah u might say i got hydrideded! it friggin sux.. u need deep pockets to survive. its pathetic. there's more manipulation going on now than ever.. try going to atlantic city with 10 bucks.. lets see how long u last!
Not seasoned, yes, I'll agree ... do I realize that there is potential for large loss? Yes. Am I working on developing a trading strategy such that I don't suffer too much? Yes. Feel free to laugh at me ... it really only looks bad on your maturity level.
Slick, if you're struggling with daytrading stocks or scalping, you might want to look into options trading just make sure you put your time into knowing about options. I think there's a better chance at making money with options although a lot smaller. If you're expecting 100% gain every year from options, then you're not gonna get it unless you're increasing your risk to the point of gambling. But if you want consistent income with a more manageable and limited risk, start reading the SPX Credit Spread Trader thread and other options thread. Just my personal opinion. Obviously, there are very highly profitable daytraders,too, like lescor, Tachyon trader, etc...
Got to say there is something to it. I think about 80-90% of traders in here can all tell a story of the market hitting there stop order at the dead low or high and the watching the market reverse course with maximum speed and volatility. The thing is they have market makers in the middle of a 2 party operation. When you want a house you have to buy it from another person that owns one and wants to sell.....In stocks both buyers and sellers go to a middle man that is supposed to provide liquidity.....That would make sense if it didn't mean they artificially rigged the market.....Anyone here know how to short a house or anything else for that matter. That is artificial supply (selling something you don't own to buy it back later).....If you think about it that is totally ridiculous and one of the reason markets go down so much fast than up. There are a few other mechanism in the market that make it difficult but if you understand what the masses have been taught and what part of that education makes no logical sense then you will begin to realize how they are being misled and what not to do with the pack. Know your game. And if CNBC has 90% of the investing publics attention and only 10% of the people in the country hold all the wealthy why would you take your info from a station owned by the 10% to get advice in that same 10% stock markets for which they are the counter party. That just wouldn't be very smart. I remember Maria Bartiromo calling bubble on the Nasdaq at 3000 and 3500 and 40000 and 4500 then I remember on the way down the same crew list good support areas to dollar cost average into that landsliding tech index. They are not stupd and so perfectly wrong it the morons that follow them they are trying to catch and they are very good at it. If they gave good advice to fools watching wouldn't a great majority of Americans tuned in be making solid investments.? Any thoughts????? Jack
There's no failure in walking away from this business. A wise man knows his limits. Best of luck in your new endeavors.
I'm sorry everyone who reads that gets a chuckle simply because paper trading and "real" trading are worlds apart for many many reasons...however we do wish you luck
agreed.. i was making 3k a day on demo... never a losing trade....talk bout skills why did they have to tell me i'm live.. why
Yowsa... Paper trading is like playing laser tag or joining a paint ball war... Real money trading is like going to Iraq with a bulls eye painted on your butt... with kleenex for armor... might difference dere... cj... HAVE STOP <img src="http://www.enflow.com/p.gif"> WILL TRADE