Reply to: any traders here ?

[SantaClaus]

2008? That's a long time to be benched!

Have you considered stopping the gambling and maybe retraining?

As I said before... go and play with your nursery pals. Must be past your bedtime by now.

[eek]

2008? That's a long time to be benched!

Have you considered stopping the gambling and maybe retraining?

5

[GlenSausio]

Sorry, I don't have time for juvenile delinquents.

But for the record, I gave up contracting in 2008.

2008? That's a long time to be benched!

Have you considered stopping the gambling and maybe retraining?

[GlenSausio]

I think the phrase is owned....

You believe in Santa Claus, do you?

[administrator]

Hello fancy face.

If you were a successful trader, you wouldn't be contracting in IT.

You've perhaps been lucky. You'll do your bollocks eventually.

As per the warning I just sent, you need to earn the right to be a cocky git on here.

[eek]

Sorry, I don't have time for juvenile delinquents.

But for the record, I gave up contracting in 2008.

I think the phrase is owned....

[SantaClaus]

Hello fancy face.

If you were a successful trader, you wouldn't be contracting in IT.

You've perhaps been lucky. You'll do your bollocks eventually.

Sorry, I don't have time for juvenile delinquents.

But for the record, I gave up contracting in 2008.

[GlenSausio]

I think you guys are getting investing mixed up with trading.

Sticking some money into long term share holdings is not trading.

It is true that 90% of traders lose money, but that's because it was always a hobby for them and they didn't persevere for the 5 years that it takes to learn a profession, be it accountant, doctor or lawyer.

Hello fancy face.

If you were a successful trader, you wouldn't be contracting in IT.

You've perhaps been lucky. You'll do your bollocks eventually.

[SantaClaus]

I think you guys are getting investing mixed up with trading.

Sticking some money into long term share holdings is not trading.

It is true that 90% of traders lose money, but that's because it was always a hobby for them and they didn't persevere for the 5 years that it takes to learn a profession, be it accountant, doctor or lawyer.

[stek]

It is not for day trading I guess.
One of the comments from Asirikuy admin reads " it might take you about 2-3 years to live from this while you truly get an understanding and learn how to do this"

Yeah, the guy makes no promises which is why I spunked up the cash to join, something to pursue when benched maybe. You need to be able to code a bit, and I can't (I can korn shell) but I'll have a bash (geddit!) when I'm less busy. There's a shed load of material on the site, even wading through that is a major task, and I think what others have said is correct, you can do it but not like 30% compound like some claim, 5% compound is maybe possible and from what I read on the forum, 3% compound certainly achievable.

But it's not set it and forget it, to make even a part-living out of it seems you have to be 'into it' and enjoy dicking around with it. That's not me yet but I'm interest enough not to let it die.

[BlasterBates]

"Trading Platforms" for day trading are a mugs game, you'll lose your money.

What you want is an on-line broker that just gives you access to the Stock Exchange.

My on-line broker has an interesting statistic actually shows how customers are performing with their portfolios. There is a small percentage of investors punting on speculative trades who earn a bit more than investors with solid portfolios (eg Blue chips and bonds), but most are making a loss.

i.e. go for broke you might earn 20% (tops) but on average you lose 25% because an awful lot of them are wiping themselves out.

With a conventional boring portfolio i.e. following the FTSE tops you earn 11-12% but your losses wouldn't be much more than 10-12% and on average they're getting 5%.

Conclusion, it aint worth speculative trading because the risk isn't worth the extra few percent. Just learn to be a good trader with blue chips and try and get 10-12%. For that you don't need a trading platform.

90% of day traders lose 90% of their cash in 90 days

[GlenSausio]

Just say no

Trading from home is a mugs game. The brokers are selling you a dream. They just want you to trade because they take a commission when you trade, doesn't matter if the market goes up or down.

Banks make money in the same way, putting on customer trades (they can do that cheaply) and skimming.

Even prop trading in banks, which has largely died out , is done by cheating (front running, insider trading), co-location gaining an IT advantage on your trade.

And on top of that,your broker may be gaming you - trading against you.

Invest long term, and invest in yourself. I've seen IT guys wiped out by piling into trades they were doing well on for a few months- then ... Boom... 250k turns into 30k

[raphal]

One word - Asirikuy.

It is not for day trading I guess.
One of the comments from Asirikuy admin reads " it might take you about 2-3 years to live from this while you truly get an understanding and learn how to do this"

[SantaClaus]

Rule no.1 when checking out a trading system... find it on a forum and go to the very last post:

http://www.donnaforex.com/forum/inde...topic=3714.270

Also, beware of backtested systems with curve fitted results.

[DimPrawn]

One word - Asirikuy.

Worth the fee?