My experience tell me that day trade is not profitable and stressful. But if you trade (short term trade and not day trade) during the market uptrend on solid reputable companies, the chances of you making money is almost 100%. Cut loss and stay away from stock market when you think downtrend is developing.
The next biggest fool is Obama when he wants to ban the banks from trading. He may not know or understand that at least 60% to 70%of the trades on NYSE or any big exchanges by done traders from those too-big-to-fail banks. If they are ban from trading, what happens? Liquidity will dry up and many people will panic and dump their stock. He also wants the banks to sell off or have no relationship with the hedge funds. Again, what will happen? I don't trade at all but I do understand the liquidity that those big banks, funds and traders bring. When trading is ban, who is more communists, America or China ? I'm quite disappointed by his performance lately. I sensed he is trying to please the American public for political reason rather than anything else. But the general public are mostly brainless and do not think deep enough into the repercussions. May be the next crash is around the corner. God Bless America...Asia as well. Just my thoughts...
Dont worry about Obama and his plans or policies.. the bottom line is:
Every Government in the world will not allow their economy to fail. The consequence is too big to ponder.
The collapse WILL come, I agree. but not in the next 15 years or more. This will be slow death.. so slow that people will not notice it. Enjoy the moment.. after all, there is nothing that anyone can avoid it anyway.
In eveything, we need to understand and learn, the reason day traders fail, is that they want to make money instantly, that will never happen=failure.
You need to learn the "trade", and work on your emotion and psychology and then be patient. Day trading does not mean only stocks, there are many other "products". Learn and understand inter market analysis.
Well, I am a day trader myself. While it is indeed tough to day trade, I still believe that it is possible, though I am still learning, sometimes can be through the hard ways.. The most important aspect is really overcoming yourself, especially overcoming emotion and fear. I believe there are a lot of other aspects to look at, but I see emotion as your biggest enemy.
As the article mention, "Most Wall Street traders get paid to day-trade other people's money", I find that very irresponsible.. If you cannot succeed through trading with your own money, I don't see any reason why you should be trading with other people's money. And if you can succeed in day trading with your own money, then it makes no incentives to trade for other people.
Investment is one of the best ways to achieve financial freedom. For a beginner there are so many challenges you face. It's hard to know how to get started. Trading on the Cryptocurrency market has really been a life changer for me. I almost gave up on crypto at some point not until saw a recommendation on Elon musk successfully success story and I got a proficient trader/broker Mr Bernie Doran , he gave me all the information required to succeed in trading. I made more profit than I could ever imagine. I'm not here to converse much but to share my testimony; I have made total returns of $20,500 from an investment of just $2000 within 1 week. Thanks to Mr Bernie I'm really grateful,I have been able to make a great returns trading with his signals and strategies .I urge anyone interested in INVESTMENT to take bold step in investing in the Cryptocurrency Market, he can also help you recover your lost funds, you can reach him on WhatsApp : +1(424) 285-0682 or his Gmail : BERNIEDORANSIGNALS@GMAIL.COM tell him I referred you
Anonymous said... My experience tell me that day trade is not profitable and stressful. But if you trade (short term trade and not day trade) during the market uptrend on solid reputable companies, the chances of you making money is almost 100%. Cut loss and stay away from stock market when you think downtrend is developing.
My experience tell me that day trade is not profitable and stressful. But if you trade (short term trade and not day trade) during the market uptrend on solid reputable companies, the chances of you making money is almost 100%. Cut loss and stay away from stock market when you think downtrend is developing.
ReplyDeleteThe next biggest fool is Obama when he wants to ban the banks from trading. He may not know or understand that at least 60% to 70%of the trades on NYSE or any big exchanges by done traders from those too-big-to-fail banks. If they are ban from trading, what happens? Liquidity will dry up and many people will panic and dump their stock.
ReplyDeleteHe also wants the banks to sell off or have no relationship with the hedge funds. Again, what will happen?
I don't trade at all but I do understand the liquidity that those big banks, funds and traders bring. When trading is ban, who is more communists, America or China ?
I'm quite disappointed by his performance lately. I sensed he is trying to please the American public for political reason rather than anything else. But the general public are mostly brainless and do not think deep enough into the repercussions.
May be the next crash is around the corner. God Bless America...Asia as well.
Just my thoughts...
Dont worry about Obama and his plans or policies.. the bottom line is:
ReplyDeleteEvery Government in the world will not allow their economy to fail.
The consequence is too big to ponder.
The collapse WILL come, I agree.
but not in the next 15 years or more.
This will be slow death.. so slow that people will not notice it.
Enjoy the moment.. after all, there is nothing that anyone can avoid it anyway.
We will go to heaven.. with or without economics
In eveything, we need to understand and learn, the reason day traders fail, is that they want to make money instantly, that will never happen=failure.
ReplyDeleteYou need to learn the "trade", and work on your emotion and psychology and then be patient.
Day trading does not mean only stocks, there are many other "products". Learn and understand inter market analysis.
Well, I am a day trader myself. While it is indeed tough to day trade, I still believe that it is possible, though I am still learning, sometimes can be through the hard ways.. The most important aspect is really overcoming yourself, especially overcoming emotion and fear. I believe there are a lot of other aspects to look at, but I see emotion as your biggest enemy.
ReplyDeleteAs the article mention, "Most Wall Street traders get paid to day-trade other people's money", I find that very irresponsible.. If you cannot succeed through trading with your own money, I don't see any reason why you should be trading with other people's money. And if you can succeed in day trading with your own money, then it makes no incentives to trade for other people.
Anon: March 31, 2010 10:06 PM
ReplyDeleteU wrote:
"The next biggest fool is Obama.."
Wow! U're talking like Glenn Beck, man.
you can go to POEMS investment centres around the island, so many retired old men inside investing or enjoying the air-con.
ReplyDeleteTheequicom facebook
ReplyDeleteThe Equicom Financial Research's Competitors
jobs in Theequicom
Investment is one of the best ways to achieve financial freedom. For a beginner there are so many challenges you face. It's hard to know how to get started. Trading on the Cryptocurrency market has really been a life changer for me. I almost gave up on crypto at some point not until saw a recommendation on Elon musk successfully success story and I got a proficient trader/broker Mr Bernie Doran , he gave me all the information required to succeed in trading. I made more profit than I could ever imagine. I'm not here to converse much but to share my testimony; I have made total returns of $20,500 from an investment of just $2000 within 1 week. Thanks to Mr Bernie I'm really grateful,I have been able to make a great returns trading with his signals and strategies .I urge anyone interested in INVESTMENT to take bold step in investing in the Cryptocurrency Market, he can also help you recover your lost funds, you can reach him on WhatsApp : +1(424) 285-0682 or his Gmail : BERNIEDORANSIGNALS@GMAIL.COM tell him I referred you
ReplyDeleteAnonymous said...
My experience tell me that day trade is not profitable and stressful. But if you trade (short term trade and not day trade) during the market uptrend on solid reputable companies, the chances of you making money is almost 100%. Cut loss and stay away from stock market when you think downtrend is developing.