Newbie

#1
New to trading and investing, after realizing our dishonest broker used his discretion in 18 trades and locked in a realized loss of over $11K; he made a profit of about $500 in 2 fund exchanges. The brokerage fired him, but won't return the losses.

Studying candlesticks and western techniques; trying to understand entry and exit points. Any recommendations would be appreciated.
 

newtrader101

Well-Known Member
#2
A combination of basic technical analysis and horary astrology is helpful. These are the things that help me:

  • Humility
  • accepting own trading mistakes and quitting a trade
  • creating trading rules and strictly abiding by them
  • Read a TA book atleast three times before starting trading
  • Make yourself thorough about how the broker's system works (technical/legal)
  • Stick to one time frame
  • Stick to one instrument
  • Trade with minimum capital
  • not investing serious capital until you have established safe trading habits (stop loss, risk reward, vaR, trading only when atleast two signals are present)
  • Read TA, Astrology atleast 15 minutes per day

It's a steep learning curve, but well worth the effort.
 

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