Traders Laboratory - View Single Post - New Trader here, Need some help
View Single Post
  #3 (permalink)  
Old 09-15-2006, 02:33 PM
carter carter is offline
carter has no status.

 
Join Date: Sep 2006
Location: Boston
Posts: 53
Thanks: 0
Thanked 0 Times in 0 Posts
Re: New Trader here, Need some help

30-40 trades a day as a new trader shows that you do not have a strategy. It looks to me that you are buying or selling just because it feels right.

My advice is to drop whatever you are doing right now and just observe. How many different stocks do you trade? Do you know the stocks personality? The market makers behind it? etc... Would you buy a car without test driving it first? This is the same as trading.

If you don't mind I would like to hear more about your strategies that you are using. How are you basing your buy and sell decisions?

Reply With Quote