Anybody investing in the stock market?

Student Lounge College Life
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<p>The efficient use of technical indicators is part of the art of technical trading. But there are many obvious ones out there that work quite well in particular time frames and market trends.</p>

<p>One of the toughest things to learn is to take a loss. I run into so many people that can't do that because it's an admission that you made a mistake.</p>

<p>Another thing is good tools and good execution on trades. Efficient trades. Using the limit order on a stock where you know it will work to save a penny per share. Or a market order on a momentum play.</p>

<p>You just have to win more than you lose.</p>

<p>The difference with professional gambling is that it's pretty easy to work together with others. Doing the analysis can take a lot of time so splitting it up can lighten the individual load.</p>

<p>One problem I have is that people walk into my office and look at my trading display for ten or fifteen minutes asking me questions which can get in the way of getting work done.</p>

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<p>bc are you interested in investing management/banking? </p>

<p>hey guys lets all pool our moneys together and trade. sort of like a mutual fund but its like us, you know?</p>

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<p>So - what kind of indicators do you use and are you trading stocks or futures??</p>

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<p>"Technical analysis may be less work but only after you have busted your butt to develop a system that works and they don't always work no matter what the system is."</p>

<p>It's less work than reading annual and quarterly reports, listening to conference calls, reading up on channel checks, understanding the product lines of a company, etc.</p>

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<p>My standard stockcharts settings are slow stochastics, macd, 13-day ema, 50 dma, 200 dma. I use analysis from others for sentiment (put/call ratios, TOM, VIX, NHNL, etc.) It's easier to just get a few words from someone else that studies a particular area than it is to keep track of everything yourself.</p>

<p>My mainstays are trendlines, gaps, island reversals, BARR patterns, channels, head and shoulders formations, flags, penants, fibonacci retracement ratios, W formations, triangles, rounding bottoms and tops, rectangle consolidations and probably a bunch of others. These are discussed in John Murphy's Technical Analysis of the Financial Markets.</p>

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<p>i just look at graphs, statistics, management, future management, product services, and the economy and make up my own opinion.</p>

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<p>I just finished reading murphy's book. I hope to make some money next summer and invest it. What do you guys recommend I start out with? Should I stick to stock? commodities? options? What would be the best place to start?</p>

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<p>depends, how much money you got?</p>

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<p>Start with stocks. With commodities and options, you have to factor in the time value of money. I'd also suggest starting out with paper trading (you can do that right now if you want to) to get a little feel for making simulated transactions.</p>

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<p>I'll probably start out around 15k. Which stock simulators do you suggest?</p>

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<p>Clearstation.</p>

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<p>Rawr. Bought 1000 shares of UAUA at 3.35, sold at 9.75, now 7.45. Thats $6,400 I didn't have 9 days ago.</p>