I thought long and hard about what this first post should be about and after a few false starts decided to just start writing and see how it goes.
I plan on writing in a pretty casual style and will try and keep the jargon to a minimum and the posts geared towards new traders.
My reviews and recommendations will be based on my personal opinions based on actual use of a product or after extensive research. In order to give you a complete picture of what is available in the trading world today I will also write about products that I personally would not use but may be of some value to you.
The reviews will be brief and to the point to save you time. If you want to read about the features of a product I will provide a link to the site. No sense repeating what someone else has already written right?
I trade stocks using technical analysis (TA) and trading systems with defined rules so I will not be writing much about fundamental analysis, long term investing or other markets like FX or commodities. I find that most TA techniques will work no matter what the market is I just happen to like trading the stock market.
I make and lose money in the stock market. Anyone that tells you they always win is probably lying to you. Losses are inevitable and part of the cost of doing business and in order to be successful in stock market trading you need to treat it as a business or you will fail.
There are as many ways to make money trading as there are traders. There is no shortage of trading software, trading books and trading courses available. Some are very good while others are pretty bad and should be avoided.
There is no one perfect trading method for everyone and one of the main challenges facing you is finding the trading method that is right for your comfort level. That is, what works well for someone else might not work for you at all.
This along with getting your mind right will be your two biggest challenges. Get either one wrong and you will probably not make it and become another trading wannabe statistic.
Many people foolishly believe that they can read a book or two, maybe go to a weekend seminar and then start a career as a trader. If you are one of those people I would ask you to think about your current profession for a minute…
Did you go to college?
How about graduate school?
Maybe a technical/trade school or apprenticeship program?
How many years did it take you to get proficient at your job?
Have I made my point? It takes time to learn how to trade just like it takes time to learn to play a musical instrument or become a doctor.
Don’t rush things, take your time and learn as much as you can before committing any money to trading and you will be far ahead of the pack.
Comments are welcome but I do reserve the right to delete them. Some of the reasons will be for swearing, asking where the market is headed, asking about or touting a particular stock or asking for specific trading advice.
The no swearing rule is to keep this site professional and there is no such thing as a hot tip and no one knows what the market will do tomorrow or the next day.
You alone need to make your own trading decisions and take full responsibility for them. No blaming anyone else, that’s what losers do.
