New to Trading

#1
Hi

Like everyone attracted to the glamour and glitter of trading after lost the job to recession almost 4 months ago working in IT and unable to get any opportunity for such a longtime.
Seriously thinking to invest my time and money in trading (fund management) to earn bread and butter for my family.

Would love all the guidance from the GURUS of the market.
 

deba72

Well-Known Member
#2
In my very limited knowledge, you need ONLY to learn how to place your stoploss.. If you learn that you will be a winner. Best of luck.
 
#3
In my very limited knowledge, you need ONLY to learn how to place your stoploss.. If you learn that you will be a winner. Best of luck.​
And the sun comes up in the morning and goes down in the evening, most important I have given a bla bla advise as I have no clue about trading in deep. Hello Mr. Deba 72 :D and let's have a look at your above statement which surely comes from a good vene, but is just an advise or statement like the one from mine with the sun.

Edit: Having a stop loss is not the guarant that any body will be a winner and make money with trading. Other wise in this forum and all over the world many would be winners in trading as they all know about stop loss and even use it. But the reallity has an other face even when using a stop loss, if even needed, as not all trading techniques require even stop losses. A stop loss, when needed and even filled, can and will protect some of our capital but makes no winner and successful trader. It is an important part in trading, but this part is not THE one who makes you a winning trader. Even you use it and still make no money with it according to your other posts.

Do you know what the following is, which even statistically is proved : 90 / 90 / 90 ?

90% of new traders will loose 90% of there capital in the first 90 days of trading. And not all of this 90% even do trade with out stop loss. ;)

So now we know it needs much, much more to be a winning trader as only using a stop loss and then thinking: If I use it I then will be THE winner and not the looser.​
 
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#4
sure stoploss is the key factor for trading...
but on the other hand you need some bit of knowledge and few tools to hold you up...:thumb:
 

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