Hi SaberX ,
Yes , Your right about the pros having an advantage over the Mum & Dad retail investors,
some just placing money into their favorite stocks & hoping for the best.
I own my own business & decided to try trading as I had time to watch the market for up
to 6 hours a day & read all the HC posts & get ideas on stocks etc.
Previously I was placing funds into superannuation but was not happy with performance & money
tied up till you reach 60 years old - so trading & investing for me is to build a nest egg.
I started with little knowledge & still consider myself a beginner trader but have learned most
of what I need to know through trial & error using real money. I think human nature (greed ,
fear , impatience , bad capital management, no stop loss etc cause losing trades.
I now trade/hold more slowly & carefully , with only 3 stocks , using hand drawn charts.
This approach is working for me , If I can continue to build capital fantastic , If the market
dives & everything goes pear shaped I will pull out & preserve capital.
I will never try to be a full time trader as you would need to continually take capital
out of the market to live on , I think you would need to have say $500 k to trade with
& have 5 years of successful trading behind you to attempt it.
How about your good self are you trading full or part time ?
GLTA
strength in numbers, page-87
-
- There are more pages in this discussion • 136 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OAK (ASX) to my watchlist
|
|||||
Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.889M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.6¢ | 93 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19 | 0.070 |
1 | 20100 | 0.061 |
1 | 86000 | 0.055 |
1 | 55000 | 0.053 |
1 | 13890 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.086 | 93 | 1 |
0.105 | 1524 | 1 |
0.175 | 22450 | 1 |
0.180 | 30000 | 1 |
0.190 | 29137 | 1 |
Last trade - 16.12pm 28/08/2024 (20 minute delay) ? |
Featured News
OAK (ASX) Chart |
Day chart unavailable
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online