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Jason Solomon

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Posts posted by Jason Solomon


  1. On 24/06/2018 at 3:48 AM, BBBBrian_1 said:

    Hello, my name is Brian. I have been a small time buy and hold investor for about 20 years or so. I began with a mutual fund. I watched the price go up or down again quarterly, and never knew what I should do about that. Live and learn. I have been trading in stocks and ETF's for the last 7 years or so, with some success, in that " Hall of Mirrors" known as the stock market.  I have recently become interested in the idea of actively trading, which for me means weekly/biweekly short term positions, using fundamental analysis, market/economic information and advisors ratings as guides as to what to purchase and when.  I want to use short timing to increase my current income, and I am hatching an idea to do this and not to give up my day job. With some skepticism, I would say  am a devotee of Warren Buffet, as I have read several of his books.

    Welcome here Brian,
    As a devotee of W.B. I can only say "Never depend on a single income. Make investment to create a second source." 


  2. On 22/06/2018 at 2:30 PM, Donald said:

    What do you mean by a journal? I'm not sure how I could make decisions off of pure numbers on a paper.

    What I've learned so far that you really should have a record of what you've done on the market. Not necessary every position and detail, but the outcome, mindset and the triggers of your actions. This way you can examine your motivation behind following a plan or a gut feeling etc. This way you won't only have numbers, but the documentation of what was going on in your mind while you made a given trade.


  3. The idea of cutting your learning time many hours is valuable for me. I like saving time so I can spend it with family, relaxing, etc. Also like learning from less source and not seeking among hundreds of answers but using a reliable source. Maybe one doesn't have to invent every rule on his/her own but use the knowledge of others. I mean maybe you are not da Vinci, but you can still make a living by doing what he does.


  4. I use them because a lot of traders stick with them. It’s like a self full-filling prophecy. When a lot of people use a specific tool it will become true. They are great in normal conditions, but when something unpredictable happens at the market they are less reliable.


  5. I'm a newbie too, but what I've learned so far is the KISS method (Keep It Simple Stupid). The more tool and method you use the more confusing it will become. Don't overcomplicate things. When you follow a proven simple strategy and you start piling it becomes hard to figure out what is working and what isn't. You also limit the number of trades that you could execute and start missing out on possible great opportunities.


  6. Yeah, I think what you highlighted here is trading 101 and should not be neglected. Just as Livermoore said: "The game taught me the game. And it didn’t spare me rod while teaching." Even he lost almost everything not even once until he learned this lesson.
    When you have money they lose you're more likely not to make desperate moves and have patience to wait for the right time.


  7. I try to have positive P/L but that's not always how things turn out. However, I don't feel the pressure to always have it that way. When you have a major goal in your life you can't get there right away and that's where most beginners lose their fate. Minor goals are more profitable and they make us progress further and faster. So my advice would be not to give up and just like with everything, one step at a time ;).


  8. That is a question I ask myself regularly and always come up with a different answer. Some people say it takes at least 2-3 years of learning and practicing. I'm only a wanna be trader but I definitely want to share my conclusion on that matter. I subscribed to a learning package only this week. They have a 4-month learning package, they let you "play" with monopoly money on a platform with real market data, and if you have a good enough result they promise to have you a funded account. So fingers crossed, I'm very excited about Earn2Trade and hope that I can say soon that I'm a trader.


  9.  

    I just entered the big game, have tons of stuff to learn about, but another forum member just mentioned here a learning package I got curious about. So now I'm freshly subscribed to Earn2Trade. I have big hopes with their learning package. They offer a funded account once you complete their gauntlet challenge. I hope I can become a full-time trader.

     


  10. On 08/06/2018 at 5:09 PM, Donald said:

    Well, their package has a bunch of video lessons. After the lessons you get quizzes which I like a lot, because you can test yourself if you just watched them or you actually understood them :D So far I haven't really used their other services, but one step at a time. Will let you know about more when I get there. Videos are high quality by the way, and very educational.

    Thanks Donald, I really appreciate any information. At their website, they mention private mentoring sessions and webinars too. Have you tried any of them?


  11. Hey fellow newbies,

    I guess we are in the same boat. I'm learning on my own, but I feel like I don't want to learn things the hard way. I mean why would I go straight into the woods when there's a road ridden by thousands before me?
    So I decided to swallow my pride and look for a teacher or an online course. What do you think, trading is something that you can learn online efficiently? I think so, but there are quite a few options to pick from. And I don't want to waste my time nor my money. Last year was all about crypto and I read a lot about how a bunch of companies was nothing but a scam. They promised to double/triple your money within a very short time. I don't believe in getting wealthy in a week, so I'm looking for a trustworthy course where they can make their promises come true.


  12. Hey Everyone,

    I'm a newbie, started trading forex not so long ago from scratch. What do you think guys, what would be the best strategy choosing a pair? I have 30misn to 1 hour a day to trade, so nothing too time-consuming. 
    Would you go with exotics or rather go straight with majors? What is the most predictable market? 


  13. 22 hours ago, Donald said:

    Hi, I am learning from Earn2Trade. They have a nice collection of videos, quizzes, etc and not on an absurd price.

    Hey Donald,

    I think I'm kinda looking for something like them. I checked their website, but still not sure. Can you tell me some more about how they work?

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