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Old 08-30-2011, 03:01 PM   Nav to Top  #1
mnc$$$
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Default Hey !!!

Hi all!
I'm new here and very new to this, im in the process of learning to day trade, hopefully you guys can show me the ropes.
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Old 08-31-2011, 01:42 AM   Nav to Top  #2
MrMomentum
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Hi mnc$$$,

Just wondering if you have decided what your day trading system will be based on?

Will your trading plan be based on upcoming events e.g. entering a position based on an anticipated company profit announcement?

Will it be based on chart analysis e.g. following the movements of a major index, then trading stocks in that index heading the same way?

What are your initial ideas to base your strategy upon?
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Old 08-31-2011, 06:14 PM   Nav to Top  #3
mnc$$$
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I have know idea! I have been doing a lot research and trying to understand the lingo, any suggestions as a beginner?

Thanks
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Old 09-05-2011, 07:52 AM   Nav to Top  #4
MrMomentum
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Hi mnc$$$,

I found that the easiest way to start was to write down someone else’s rules then paper trade them to see if they work for me.

To do this, I went through stock magazines and books hunting for trading ideas.

I then created spreadsheets to test the rules to see how they performed in an environment where there was no money down.

This is how I learnt to day trade.
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