Questions from noob about trading from home!

[professor_frink]

Cheers, Prof! I really respect your opinion from what I've read of your posts, so I'll nab a copy. Hopefully they sell it via the bookshop here

Cheers Paladin

http://www.moneybags.com.au/default.asp?d=0&t=1&id=5203&c=0&a=74

 

[oldpos]

Aussiest,

MichaelD was correct when stating that it appears you are gambling and you should stop trading until you get your plan in order. I, and I suspect many others, started out like you, too eager to get started. You need to do your homework first. A TRADING PLAN IS ESSENTIAL BEFORE YOU START TRADING. I found it hard to put a plan together early on so I adopted Colin Nicholson's - his is laid out in his book "The Aggressive Investor" (www.bwts.com.au) - you don't need to accept his plan as your own but it's an excellent starting point, just shows what the academics put in their plan. And the book is a good read, one of the best that I have found on Risk Management which appears to be what you need to study. It has certainly helped me.

Moderator, I hope you dont take this as spamming. It's just what has helped me with my plan and the understanding of risk. There are many other good books out there though.

All the best.