Trading Stocks- Strategies!?
What is the easiest to use stock-trading software to use (I’m not talking about broker, I use Sogotrade!)?
What search functions do you implement?
How much real money have you made?
I am not familiar with any of the software packages out there. I am, however, a successful trader, having managed my own portfolio with a significant profit (this is how I support my family…) for about ten years now. I do it the easy way. First, I do not take advice on individual stocks from anyone. I do my own research. I make my own decisions. I punch the keys to execute every trade. (no automatic trades…) I have been told that anyone who trades for more than 90 days without going bankrupt is a success. Whether true or not, I have exceeded that milestone by far.
Now, how did I learn to do this successfully? Easy. I spent 10 years reading every book on tradeing and markets I could find. I studied technical trading. I studied fundamentals. I watched markets over time. I learned a few companies inside out. Then, after 10 years, I set aside a small amount of cash, and dove into the market. From my initial investment of 15K, I am now in positions that exceed my own expectations.
I had set out to support my family comfortably, and grow my reserve by 10% a year. I have greatly exceeded that goal, and as the total funds I am trading grow, it just gets easier. It has taken me exactly 20 years to be an overnight success! As to the total amount of real money I have made, suffice it to say that I have just graduated my third child from Uni, and I am driving a modest 2008 vehicle. I have a small mortgage that is getting smaller. Otherwise, no debt. To make it work, do your homework, develop a plan, then discipline! Software is a poor substitute for education, a plan, and discipline.
February 27th, 2010 at 7:52 am
I am not familiar with any of the software packages out there. I am, however, a successful trader, having managed my own portfolio with a significant profit (this is how I support my family…) for about ten years now. I do it the easy way. First, I do not take advice on individual stocks from anyone. I do my own research. I make my own decisions. I punch the keys to execute every trade. (no automatic trades…) I have been told that anyone who trades for more than 90 days without going bankrupt is a success. Whether true or not, I have exceeded that milestone by far.
Now, how did I learn to do this successfully? Easy. I spent 10 years reading every book on tradeing and markets I could find. I studied technical trading. I studied fundamentals. I watched markets over time. I learned a few companies inside out. Then, after 10 years, I set aside a small amount of cash, and dove into the market. From my initial investment of 15K, I am now in positions that exceed my own expectations.
I had set out to support my family comfortably, and grow my reserve by 10% a year. I have greatly exceeded that goal, and as the total funds I am trading grow, it just gets easier. It has taken me exactly 20 years to be an overnight success! As to the total amount of real money I have made, suffice it to say that I have just graduated my third child from Uni, and I am driving a modest 2008 vehicle. I have a small mortgage that is getting smaller. Otherwise, no debt. To make it work, do your homework, develop a plan, then discipline! Software is a poor substitute for education, a plan, and discipline.
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