I Need Some Help

[kevinphillips]

Hi

I am brand new to stock trading and would like some simple tips and strategies to help me get started. I am already day Trading using Spread betting which we use in the UK.

It would be great if you could share some easy strategies which I could apply, backtest etc.

Thanks in advance

Kevin Andrew Phillips

[brownsfan019]

	Quote:	kevinphillips
	Hi I am brand new to stock trading and would like some simple tips and strategies to help me get started. I am already day Trading using Spread betting which we use in the UK. It would be great if you could share some easy strategies which I could apply, backtest etc. Thanks in advance Kevin Andrew Phillips

Well Kevin, part of this job is to do a little work. So, search this forum, head to google, check out elitetrader, etc. and then start the process of what we all go through.

Good luck. There is no easy way to the riches or holy grail, so make sure to spend a little time researching.

[kevinphillips]

Hi

Thanks for the reply.

Let me give you a quick rundown on what I’ve done over the last 3 Months, Firstly I Got a home DVD Course from Darren Winters, a Comprehensive Share Trading Course. 6 Hours covering the basics. I attended a 3 Day Course with Vince Dowd from Serine Investor. I go to Network meetings here in the UK and learnt a lot from them.
I use TC2000 for technical analysis and IGindex to trade.
I have paper traded about 100 trades, and made more than I lost. I am now day trading using the leverage of spread betting and beginning to make headway. What I am really looking for is some strategies used by the professional trader which I can paper trade and back test to see which ones suites me best.
Do you know of any web sites or forums you use which discuss these issues. I would be very grateful for any ideas or advice.

By the way it’s now 3 o’clock in the morning, I really should get some sleep. Thanks again for replying to my post. I really appreciate it.

Kevin

[brownsfan019]

	Quote:	kevinphillips
	Hi Thanks for the reply. Let me give you a quick rundown on what I’ve done over the last 3 Months, Firstly I Got a home DVD Course from Darren Winters, a Comprehensive Share Trading Course. 6 Hours covering the basics. I attended a 3 Day Course with Vince Dowd from Serine Investor. I go to Network meetings here in the UK and learnt a lot from them. I use TC2000 for technical analysis and IGindex to trade. I have paper traded about 100 trades, and made more than I lost. I am now day trading using the leverage of spread betting and beginning to make headway. What I am really looking for is some strategies used by the professional trader which I can paper trade and back test to see which ones suites me best. Do you know of any web sites or forums you use which discuss these issues. I would be very grateful for any ideas or advice. By the way it’s now 3 o’clock in the morning, I really should get some sleep. Thanks again for replying to my post. I really appreciate it. Kevin

Kevin,
I think you'll find A LOT of GREAT info right here on TL, you simply have to take the time to look around. There's A LOT here, so take your time. Elitetrader is also a trading forum but the good info is buried in between a lot of trash. Outside of that, that's what google is for.

Good luck!

[mister ed]

Search and browse through these forums here on TL, and take a shortcut if you like on this thread, the Best of TL.

[froggy]

I've been spread betting for the last 15 months and one thing I've learned is not to use too much margin. For quite a while I kept my net "Trading resources" balance ( (cash) minus (open profit or loss) minus (margin requirement) ) to around 10 to 20 percent of my net overall balance ((cash) minus (open profit or loss) ). I found that when markets went against me, I was ending some stock trades at time I'd rather not, in order to free up the margin.

Currently I'm aiming for keeping a 30 to 40% ratio of "Trading resources" to "net overall balance ".

If trading stocks, especially in the current markets, you may want to aim for an equal(ish) ratio of up bets to down bets too.

Hope this makes sense and helps.

[kevinphillips]

Thanks for the shortcut list, I just started looking at some of the threads in this forum and they are very useful. Thanks again for replying so quickly.

Kevin

[smwinc]

You learn to drive by driving.

You learn to swim by swimming.

You learn to trade by trading.

Go to any professional trading firm, and their training program will broadly consist of 10% theory / trading setups / etc and 90% live trading.

The time to sit down and analyse is when you are analysing your own trading results.

Use all other outlets (forums, books, etc.) as a means to bounce ideas, learn new things, etc. to compliment your actual trading.

[Tenerifetone]

	Quote:	kevinphillips
	Hi I am brand new to stock trading and would like some simple tips and strategies to help me get started. I am already day Trading using Spread betting which we use in the UK. It would be great if you could share some easy strategies which I could apply, backtest etc. Thanks in advance Kevin Andrew Phillips

Don't Spread bet. you are better to trade the index futures market. With spreadbetting you are trading at broker prices, which make it virtually impossible to make a consistant profit. With futures trading you are trading in the market at true market prices.
A good chap to read on trading is Michael jardine you can see him at Enthios.com. There is some good free tuff on there.

[mister ed]

	Quote:	smwinc
	You learn to drive by driving. You learn to swim by swimming. You learn to trade by trading. Go to any professional trading firm, and their training program will broadly consist of 10% theory / trading setups / etc and 90% live trading. The time to sit down and analyse is when you are analysing your own trading results. Use all other outlets (forums, books, etc.) as a means to bounce ideas, learn new things, etc. to compliment your actual trading.

What a great post smwinc ... it challenged my thinking ... I reckon it deserves a thread of its own. Thanks very much.