Re:Ask HN: I want to get into stocks and options
by DonkeyChan on Thursday January 28, 2016 @04:00AM
(#10987170)
Thank you very much. Everything inside me tells me that it's exactly what you said, an efficient system and luck plays more of a factor than anything else (besides having a giant amount of capital).
What kind of informational resources do you suggest?
BTW I've been paper trading for well over a year now, I never feel like I have enough knowledge to "pull the trigger" with real money.
Metatrader was one of the ones I looked at.
What are your thoughts about ForEx? I consider it MORE risky than day trading especially when you don't have the capital. But I'm taking all input.
Thanks again!
Problem is: don't do it.
I agree with the others.
As someone that has spent years trading stocks futures and warrants(a kind of option)...
And as someone who has read roughly a 100 books on trading, markets, investing, predictive finance...
And as someone who spent 5 years trying to write automated technical trader bots....
(And sought out and paid trading "experts" to learn from them in person)
I'm telling you: Don't do it.
The markets are pretty efficient.
Making money by trading is very very hard work.
You have significantly better odds with buying and holding high growth blue chips.
I know you want to trade.
But reconsider: at least paper trade for a year - this will open your eyes - and prove whether you are serious about becoming a professional, or just a dabbler about to lose a painful amount of money.