New to the world of trading and excited about it!

morfrius · #1 (**permalink**) 01-17-09, 02:38 PM

Hello Dear Friends,

How are you?
I am new to the world of trading and I would like to get some advice on developing trading strategies. I have an account with TD Ameritrade and I started doing some small trades. Can anyone help me get on the right track? Any good hearted people that are willing to mentor are most welcome!!!!!

Thanks a Lot!

Morfrius.

Stocktrading101 · #2 (**permalink**) 01-19-09, 11:10 PM

Welcome to the community!! Glad to have you onboard

.

My advice is to definitely bookmark our stock education page here on the site which has over 100 great articles covering everything you can imagine,

http://www.stocktradingtogo.com/free-education/

Beyond reading practice definitely makes perfect. Have you considered utilizing a stock simulator?

Airelon · #3 (**permalink**) 01-20-09, 08:33 AM

Welcome aboard.

Best strategy I can think of, that fits every single trader?

Money management principles. Without them? I'm of the opinion that the trader is guaranteed to lose in the long run. Money management trading principles are literally the keys of the kingdom.

Man ... I remember when I first started ... phew. 24, and a lot more hair.