I dont think i need to say any thing more Pretty good advice..

CT79 wrote:
agree with the above and I permit myself to add these
discipline, strategy,Make a Plan ...... Execute the Plan.... psychology
don't forget the mistakes that one can make
Not Taking Profits
Not Limiting Your Losses
Not Controlling Your Emotions
Overtrading

of course could be a longer discussion but the above IMO are the starting point
""don't follow me Iamneverright"

Debbie,

iii is a bit like a bear pit. A lot of investors have lost money and are looking for people to blame.

Unfortunately to find the person responsible for their losses all they need is a mirror. Not the usual accessory for most men!

With depressed SPs on Oil & Commodities gives opportunities to buy beaten up shares.
Just be careful that they are not overly debt saddled, or have bonds to pay or other such devices that can cause nasty surprises.

I post on iii regularly my screen name is Elena Saratov. You can find some useful investment advice. You just need to be patient and look for the needle in the haystack.

Have fun.

Elena and CT79 that is some great advice

Its refreshing to find nice people on a trading website, I joined III and the people on their are awful!

To be honest I was nervous about trading but having found chartsview I feel a bit better.

Thanks for your help.

Good luck Debbie

Hi Debbie,

CT79 has given you some very good advice.

What can I add to that?

Don't believe the hype on any share.

Look at income and debt.

Hi Debbie,

I would recommend reading and reading again Remo's Learn to Trade section, so much good advice.

Decide on what you want to trade, whether it be specific stocks/indices/commodities etc but only pick a few to follow at first
The more you follow them, the more you'll feel comfortable in how each acts to certain levels etc - try to follow too many and you'll probably feel overwhelmed

PATIENCE is so important, set your support/resistance levels on the chart and wait for the trade to come to you. Don't just jump in because the market is moving and you feel you're missing out, wait for your level

STOP LOSSES are going to become your best friend - Please don't trade without them, I learnt this the hard way....it breeds stress that nobody needs!

GREED is a killer also, never be afraid to collect your reward even if you feel you could get more as profit slips away much quicker than it can arrive

STRESS usually comes when you've jumped into the wrong trade and are holding onto it. As soon as you feel it's wrong, it is usually best to bail sooner as things can get a lot worse

Just take your time, there's always another trade around the corner

A few of us spend most our time in the chatroom, pop in and don't be afraid to ask any questions......after all, with trading we're always learning!!

CT79

Hi Elena,

I'm new to trading, I'm a stay at home mum with 3 small kids and wanted to earn a bit on the side.

Joined chartsview to learn more about it.

Have you been trading long? What advice would you give to a newbie?

Its even quieter in the old Charts View BB.

Has everyone lost all their capital?

I am still trading but with reduced capital.

My much more conservative strategy is paying off.

I realise that I will have to work and can't retire in 5 years.

What is everyone doing?

What do people think about the arrest of the Hounslow trader?

Governments eh?