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 $500 k to trade with
& have 5 years of successful trading behind you to attempt it.
How about your good self are you trading full or part time ?
GLTA
strength in numbers, page-87
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1 | 100000 | 0.069 |
3 | 15100 | 0.063 |
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1 | 86000 | 0.058 |
Price($) | Vol. | No. |
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