RU12NVME51 said:
Thanks for the warm welcome. I need to learn fast because in the financial services industry, people only listen to people with a lot of money. I am, for all intents and purposes broke, lol.. I always made decent money personal training and bartending but you always get sucked dry by those 'friends' who only call you after 8:30 Friday night.
But anyhow, I don't even know what type of returns to expect. Realistically, what sort of returns can I expect? Say I put in $1,000 tomorrow. With a good solid strategy and continuing education, how much can I expect to have after 6 months or even a year?
Many successful people have said that investing isn't risky but thinking investing is risky, is.
I think I'm going to start on the late night Asian open market this Sunday.
Sorry if I'm asking such basic questions, I just don't want to start ANY bad habits.
Hello, mate.
All the best with it, now then you are going against the worlds best traders right? we all are, so what makes you think you gonna put one over on them and take their money?
What's your strat ready for that late sunday Asian kick off? If you know Jack which is fair to assume if you are just kicking off then its fair to say how long will your money last? days weeks?
if you can commit 80 hours solid study a week for 6 months as a starters working on a strat and testing it that would be a positive. Depends how bad you want it mate.
I'm not here to put you off, quite the opposite but its typical for many to go through years of learning especially part time etc. You would be doing very well to have any money left at the end of your first year.
I'd suggest watching the asian for a good few weeks, looking at the market, and thinking whats going on, just watch, unless of course you know an experienced trader who will provide a basic outline of learned,observed gameplay going on in the markets, but i'd expect even this trader would at least want to see evidence of some solid determination on your part.
So id say observe, make notes until you perhaps can see, sense where you are being drawn to, timeframes, type of price action, like breakouts? drawn to buying falling spikes? , selling ramped prices ? longer trend player ? gone in 60 seconds trader ? both ?
I think the strat has to be your own developed and not off the peg, not to suit your own personality but more like you have to go through the stage so you change (adopt) your personality to suit the market environment. That bit can take mucho time. Having said that some people trade strats without the foggiest of whats going on or their own drive to know , this is also o.k. and again something only the individual can ask for the answer of themselves.
But if you go off in the Asian as you are then your gonna very likely get creamed.
And in the spirit of Zenish philosophy, don't take my word for it, go and find out for yourself.
All the best.
