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Timmy said:
Yes, it is. Drop the dentistry and study economics, or combine the degrees, that will give you a grounding in markets.
Click to expand...

Economics?
I did that over summer
Just the subject not a major
What does economics teach that helps trading?
 
beamstas said:
Economics?
I did that over summer
Just the subject not a major
What does economics teach that helps trading?
Click to expand...

Read the thread beamstas.
This guy wants to spend money to learn, $9,000 at last count.
We all know what will happen to him if he pays money to 'trading educators'.
Studying economics is the next best option for this guy.

As to your question of the value of learning economics, I believe it can be very helpful. Bit more to it than a one semester subject though.
 
Timmy said:
Read the thread beamstas.
Click to expand...

Sorry beamstas, just scanned back through the thread and you have read it and contributed quite a bit.

Chaka appears unwilling to take ANY advice from the posters here.

Maybe Radge's newsletter could be useful?
 

Yes
Got a few more to go for eco
That was first one
IMO his best bet isn't doing a combined degree
It's a waste of time
Takes too long

If you can paper trade without lying to yourself (1% of people) then that's good practice
 
Timmy said:
Sorry beamstas, just scanned back through the thread and you have read it and contributed quite a bit.

Chaka appears unwilling to take ANY advice from the posters here.

Maybe Radge's newsletter could be useful?
Click to expand...

Possible
Im a subscriber so probably biased

9 grand will get him a bit over 9 years

To be honest his best bet, if he wants to be EDUCATED and not TOLD is to buy Radge's dvd and book.

The subscription for buys/sells is probably a good idea, he should probably look at the growth portfolio over there.. Then he can be lazy like he wants to be
 

No doubt this suggestion will be disregarded too.

Chaka doesn't seem willing to listen, or nothing is good enough for him. (Assuming its a him).
 
don't drop dentistry just because you want to dip into the stockmarket... does anyone here even know how hard it is to get into dentistry or medicine?? its incredibly difficult and it should not be wasted by switching to a econ degree just because you want to learn how to trade.

I'm studying medicine and I've been able to find enough time to learn about the markets - read forums, books ect ect and have started trading. Its not that hard to do in your spare time if you have an interest in it and you are motivated. If not, which is what it seems like here... then dont bother, just stick with dentistry and get a p/t job
 
Timmy said:
Yes, it is. Drop the dentistry and study economics, or combine the degrees, that will give you a grounding in markets.
Click to expand...

I would disagree here.
It is quite difficult to get into dentistry, and to excel in that field alot of hours need to be put in.
Not only that it will provide him a lucrative career path [albeit boring imo].
Whether it is his dream or not is another debate.

There is an opportunity cost involved here.

My opinion is also that economics may help, but is not essential for trading. Too often there is supposition without empirical support.

But Nick Radge subscription is a good place to start [I do not use his services]
 

Thanks. At least someone here understands me. I didnt say I am not willing to put time in researching stock marketing at all. I will, but now now as I have my uni starting in 10 days and I am sure that 10 days isnt enough to have a good proficiency in the marketing area. I am planning to start doing that on December after my end of year exams...
Another question for you, what do you think is better for me to start with- forex or stock marketing?
 

studying dentistry is what? 25 hours a week contact? plus 10 hours study at home? There is still plenty of time there, like on weekends to put in 30min a day or several hours on the weekend to put into studying the markets, basic econ, charting skills ect ect. If you are willing to put in the effort, you will find the time.

I suggest you dont just jump into the market and spend several months learning. Then start paper trading for a while before even considering using real money.

I would think that 'stock marketing' - which is not really a term, its stock trading/investing over forex as I personally find it easier. However, its probably personal preference, I know people that started out on forex.
 
Chaka1988 said:
Im doing dentistry and yes, I live with my parents.
Click to expand...

ok, u r obviously a very intelligent young fella -- congrats on the dentistry

and living at home means u dont have to cook and clean -- u r much smarter than people realize !!

U need to forget about trading --- your mind set is all wrong to be successful at it at this stage
---- u need some worldly experience under your belt

concentrate on your degree ---- start up your own dentistry practice and pocket 5-10 grand a week ---- after u have half a million in the bank, then u can dabble with trading

seriously -- u have limited time, limited resources (currently) and priorities on a different tangent ---- not conducive to trading. Long term investing will most likely suit u best but thats certainly not advice ---- talk to your old man about it !! -- Good luck.
 

LOL. My non contact hours can easily double/triple the 10 hours stated. Plus, during uni time, I live away from home and I need to cook, shop etc, which also take quite a bit of time...
 

There is absolutely no reason why he should wait until he has a mill before he starts trading. If we all waited till we have a mill in the bank I'm sure most of us here on the forums wouldn't be trading yet.

I've spent several years learning since high school and have been able to be profitable with only several thousand.
 
Cartman said:
--- your mind set is all wrong to be successful at it at this stage
----
Click to expand...



Jono, it was actually half a mill : (U may have missed the picture of my tongue in my cheek

seriously though --- most people trading on this forum probably shouldn't be trading yet

If u personally have become profitable -- well done, but my comment was squared directly at Chaka --- no-one else ---

my point was --- his mindset is all wrong to start trading (at this point in time) ----
 
Stop making excuses as to why you can't research trading.
No one cares if you don't, but to make any money you'll have to put in some time at some stage. Making excuses about why you can't learn won't mean someone else will learn for you.


Take a look at Radges site
"We tell you where and when to buy"
 
Im Majoring Finance and Accounting, doing 3 semesters a year and working full time.

What i'd give to be doing uni alone. Obv dentistry is harder but you can't be that stuck for time, seriously.
 
Chaka, give me 4k and I'll have you double the other 6.5k within a couple of months.

I am sure that 10 days isnt enough to have a good proficiency in the marketing area.
Click to expand...

You can learn plenty in 10 days. It's not "marketing", as we're not advertising, distributing and selling products here. Use "trading" instead.

concentrate on your degree ---- start up your own dentistry practice and pocket 5-10 grand a week ---- after u have half a million in the bank, then u can dabble with trading
Click to expand...

A novice with a half a million dollar account? That's a disaster waiting to happen. Better to test the waters when he is young as he has less to lose, and his experiences may help him in the future. Young and ignorant is better than old and ignorant, as the young have time on their side.
 
Timmy said:
Yes, it is. Drop the dentistry and study economics, or combine the degrees, that will give you a grounding in markets.
Click to expand...
No, no, no, Timmy. Don't swap dentistry for economics, Chaka.

Yep, I agree with Cartman, though probably wouldn't think quite half a mill needs to be the starting base.

Congratulations on getting into dentistry, Chaka. It's a very lucrative career if you actually like poking around in people's mouths.

What I'd be doing is reading , starting with Stan Weinstein's "How to Profit in Bull and Bear Markets" and maybe for a start buying a 'almost can't go wrong' defensive stock like WOW (Woolworths) just to get a feel of the market.

Good luck. I'm sure you didn't mean to come across as being as uppity as you did. Just a case of unrealistic expectations which you've hopefully now modified.
 
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