Chaos is coming

[smaksy]

Hi there!
This is a particular period for me, can someone help me please?
Few months ago, I've followed a technique that I've found on Internet and after I had some satisfaction in trades, I began to lose (I also did a backtest and It didn't like me). So I decided to leave that method and to stay out from the market. In the meantime I read a lot of books, I follow a lot of On Line Course and sometimes in class. I found a lot of technique based on Price Patterns, Indicators, etc.
Probably now the market is particular, not simple, but I've a little of confusion....
Have you any suggestions about what I can do, please?
Bye,
Max

 

[rols]

Hi there!
This is a particular period for me, can someone help me please?
Few months ago, I've followed a technique that I've found on Internet and after I had some satisfaction in trades, I began to lose (I also did a backtest and It didn't like me). So I decided to leave that method and to stay out from the market. In the meantime I read a lot of books, I follow a lot of On Line Course and sometimes in class. I found a lot of technique based on Price Patterns, Indicators, etc.
Probably now the market is particular, not simple, but I've a little of confusion....
Have you any suggestions about what I can do, please?
Bye,
Max

For a novice I'd stay out until things calm down a bit, or paper trade.

What is it you want to trade exactly? Forex, Equities, Options, or anything that moves?

 

[smaksy]

At the beginning, I'd like to trade equities on Italian Market (only the main index, for the liquidity), also because I think It's better to trade on the market and the companies where there is more familiarity.
Then, when there will be good results I'd like to trade the miniS&PMib and Forex!

 

[smaksy]

For a novice I'd stay out until things calm down a bit, or paper trade.

What is it you want to trade exactly? Forex, Equities, Options, or anything that moves?

At the beginning, I'd like to trade equities on Italian Market (only the main index, for the liquidity), also because I think It's better to trade on the market and the companies where there is more familiarity.
Then, when there will be good results I'd like to trade the miniS&PMib and Forex!

 

[fibonelli]

Un forum dedicato al mercato del trading forex

Trading Forex Forum :: Index

Un forum dedicato al mercato italiano, europei e americani.
Forum di Finanzaonline.com - Powered by vBulletin

 

[Lee Shepherd]

Hi there!
This is a particular period for me, can someone help me please?
Few months ago, I've followed a technique that I've found on Internet and after I had some satisfaction in trades, I began to lose (I also did a backtest and It didn't like me). So I decided to leave that method and to stay out from the market. In the meantime I read a lot of books, I follow a lot of On Line Course and sometimes in class. I found a lot of technique based on Price Patterns, Indicators, etc.
Probably now the market is particular, not simple, but I've a little of confusion....
Have you any suggestions about what I can do, please?
Bye,
Max

Yo dude,

As you've done a lot of studying and reading books and courses since dumping your system a few months back, go back to it and see what was wrong. Your knowledge should have increased and so you should be able to understand more as to why the system worked, then didn't.

Try posting some of your results and time periods, trades, percentages ect. It's possible that you may have given up on it as soon as it started to give you losers which may just be part of the system. Either the system needs changing or you do, the good news is that both of these can be fixed.

 

[Jaydee]

Hi again Max

If you are trading equities, avoid trading them intraday to begin with (it is particularly hard for stocks and they don't trade well with Tech Analysis intraday). Also, try to focus on a particular sector (I'm quite a fan of the miners and banks), and learn as much about the economics behind what moves it as you can.

Trade the most liquid equities that are order book driven. Market makers of illiquid stocks are hard work.

I believe that equities are one of the hardest products to value, there is a huge amount of tangible and, even more, intangible variables to account for. Take your time and do your homework - the market will always be there so there is no rush.

I actually believe that it would be easier for you to trade an index future cfd to start with. However, you must fully understand the concept of leverage, margin and risk before you do this. Equities are less risky but harder to trade in my opinion.

Best

JD