general trading tips for the novice trader, page-24

The post above make a great read and thankyou to Profit taker and Freehold for taking the time to make their post. Even for the seasoned traders it good to remind yourself of the basic fundementals of trading.

For my 2c worth i believe being educated about the market before making your first trade is very important.Read as many books as you can and learn from the mistakes and knowledge of those who have been doing it a lot longer than you.

When dicussing shares avoid language like "take a punt" or "I took a gamble", The psychology, attitude and research towards your trade is very important. If you treat it as a gamble then that is what it becomes.

For the eighty dollars a month which reduces with each trade. It well worth looking at power etrade or etrade pro. The speed at which you are able to excute your orders is well worth the investment. I am not sure of other trading platforms that are available but speed of excution can be the differnce between a winning and losing trade.

I have also found it useful to invest in a charting package to assist in making decisions.

Finallly I don't necessarily agree with the philosophy of sell in May and go away or October is a bad month. There are always opportunities in the market it just a matter of finding them.