tag:blogger.com,1999:blog-20374666.post8083396786927925913..comments2024-03-05T07:50:04.017-05:00Comments on Stockbee: Don't bet the farmPradeep Bondehttp://www.blogger.com/profile/16750002566366368685noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-20374666.post-65828146012767922942011-05-11T08:00:55.603-04:002011-05-11T08:00:55.603-04:00SLV looks horrible here, but if you think about it...SLV looks horrible here, but if you think about it right now it is where it was 1.5 months ago. This is a potential long term top, but I suspect it will give a signal to get back in 1-3 months from now because there is a commodity bull market right now.<br /><br />Generally, I've noticed that momentum stocks break and take out 1-2 months profit in a week or two when they top out. The right move in this situation would be to wait and see in case of SLV.<br /><br />Personally, I would skip trading commodities altogether and focus on stocks whether they are commodity stocks or not. And high momentum commodity stocks should outperform commodities themselves.MGhttps://www.blogger.com/profile/10379318968029633048noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-66132942583668722142011-05-10T20:12:19.005-04:002011-05-10T20:12:19.005-04:00Good learning strategy.Good learning strategy.Pradeep Bondehttps://www.blogger.com/profile/16750002566366368685noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-4078756056575836932011-05-10T18:27:29.289-04:002011-05-10T18:27:29.289-04:00Hi Pradeep
I have a little trading story to tell ...Hi Pradeep<br /><br />I have a little trading story to tell about my experience.<br /><br />My trading journey began sometime in 2009 when I got interested in the markets.<br /><br />I open up a managed forex account with fxcm but they later closed that service.<br /><br />Then I started to learn about trading from Investopedia and few other places and then thought I was ready to trade and win. I put in $10k which was reduced to $5k or below (I do not remember correctly) basically trying to buy stocks when they reached their climax (swing high) or buying when they reached their swing low. Technically I had NO IDEA what I was doing.<br /><br />Then I gave up for a few weeks and started searching for "short cuts" meaning all these signal providers. Found tradingmarkets.com and nearly bought all their subscriptions. Wasted atleast $10k on it (I was part of their Chairmans club) which basically means if you pay $2k per year you can get holy grail strategies.<br /><br />Put in another $10k into the account and then lost some and won some but mostly lost because I DID NOT learn what swing trading was all about until my account nearly hit another blow.<br /><br />I could afford all this because of the business but my interest always remained for learning.<br /><br />Pulled the money out and really started learning the game and especially trading without indicators (had to take an expensive course from mike bagdaddy). It opened my eyes to trading and then spent hours and hours learning.<br /><br />Some how found your website and read every thing on it. I scan 500 to 1000 charts every day now looking for range breakouts or momentum and maintaining market monitor data.<br /><br />My paper trading results have increased and I am ready to get back into trading full time. Things I have learnt<br /><br />1. Do NOT depend upon others to give you signals. Learn the method yourself. You cannot trade in your past time. Its a full time job requires hours of work to build rhythm which then becomes your second nature and you only trade setups IF they build up.<br /><br />2. There are no short cuts. To be the best in this game you have to put continuous effort into it AND you can only do it IF you enjoy doing it. You cannot excel at it if you take it as JOB. <br /><br />3. Cut your losses. Its always a good idea to cut your losses and be wrong to win another day then to keep going through the mental agony of being wrong.<br /><br />Thank you and I will keep reading your blog posts. <br /><br />Safvan.safhttps://www.blogger.com/profile/15736896793915759353noreply@blogger.com