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  #171 (permalink)   Spam Kill
Old 01-12-2007, 09:40 PM
Xeller8 Xeller8 is offline
Mr. Optimistic
 
Join Date: Jan 2007
Posts: 700 | Points: (Donate) Xeller8 is on a distinguished road
Quote:
Originally Posted by orange
had a couple comments abt ppl not having $500 to start. relax- i don't think anybody will object if you come in smaller. the idea is steady gains. i started in this racket in march 2005 with $212. i'm doing okay now, but i lost a lot of time and money trying for the "big score". i wish somebody had grabbed me by the eyeballs back then and said, "Look, knothead-- you ain't going to hit the big score. the mm's are just gonna steal your money little by little. do this 10% thing with your piddly $200 and in a year you'll have $25,825.98 and in a year-and-a-half you'll have $878,185.56 -- wise up!!" but nobody did- not exactly. so now i'm grabbing YOU by the eyeballs and telling you the same thing.

if commissions worry you- get a cheaper broker. check out zecco (zero commish, not sure if any minimum to open) or lowtrades ($5, no minimum to open). then come on in here and do BETTER. i see you out there jumping into trades and getting stuck for weeks at a time. i did the same thing. you deserve BETTER. so come and get it!

and another thing, while i'm on this rant! right now i see 9 members, 130 guests. what's THAT about?? lemme tell you "guests" something abt trading psychology. it's EMOTIONAL. you need emotional support. you don't get tech or emotional support anyplace else like you can here. and the only way to get that support is to be able to post AND be recognized. and the only way to do that is to sign up as a member. so stop drifting around and put down some roots. that's how life works. that's how money gets made.

okay. i feel better now.
LOL!!...thanks for the support and the kick in ass Orange!

I have the money..thats not a prob...I could probably work with 1k actually...but right now it is tied up in a couple of DOGS...I am just waiting for them to go green and I am going to bail...I'm sure I'll at least hit a break even point next week then I'm OUT!

Right now my prob is lack of experience and constantly worrying about picking losers...I am only down about 30 bucks since I started trading and except for the 2 dogs I got into the past few days I am up on everything else which is MORE than making up for exiting on a couple for a small loss and I'm holding steady in the green and slowly gaining ground to a point where I may be able to start taking some profit here and there and still hold some positions...commissions are not a real prob right now either as I signed up with TDA and have about 3 weeks of free trading left at my disposal (was 45 days)...but I also have to be careful about being flagged as a daytrader...I can make 4 round trips in any rolling 5 day period so I need to keep that in mind...

With all the thinking I've done on this I think the only way (at this point) for me to make this woprk would be to shadow someone and asking for that just isn't right...LOL!

I appreciate the feedback and I really am glad I found this site...you peeps are GREAT!..hopefully it will help me mold myself into a smart trader and make some big bucks down the road!
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