Do Your Own Research

What type of trader are you????

As Remo has highlighted this is important and it doesn’t get more individual than this, but trading styles are not mutually exclusive, it is possible to be long (buy and hold, recession proof in low enough with an appropriate proportion of your portfolio) and trade (short or long) over a shorter time horizon.

I’m sure many won’t be overwhelmed and get sucked in to live real time trades fitting a fellow trader’s style as I feel many here are just visiting to confirm the supports/resistances on their long held favourite holding. However, learning to trade in small amounts with a limit loss of 2% of the total trading cash pot as pointed out by Remo seems a wise step to provide an income or increase one’s capital. (Given some fish for free or learn how to fish).

I’m happy to have paid to join chartsview.co.uk to financially support the hard work of Remo and Ronnie to provide this learning platform for the benefit of others, long may it continue.

In developing a trading strategy there are many things to be considered: return, risk, volatility, time frame, style, correlation with the markets and methods (plenty of methods are highlighted within this website in the Learning Section). Back testing is no guide to future performance, but does give the trader confidence that the strategy has worked in the past.

Good overall portfolio management (Property, Cash (Funds for living for 12months+ if not working + Emergency), Gold Coins and of course Equities) establishes that you’re not all in with higher stakes with higher stress levels than should be the case.

So the first DYOR is on you, again and again, if trading unsuccessfully to date.

Couldn’t agree more with Remo’s statement: it's important to know ones’ self.

“I know millions of things that won’t work. I’ve certainly learned a lot” – Thomas A Edison

With this website and expertise from participants you don’t have to re-invent the wheel, you don’t have time and can’t afford to lose money.

This is possibly the most important thing to do. Even when taking advice from fellow members including myself.
Everyone has a different method.Some people like to be in and out quickly ,some are long term, others swing trade, etc,etc.
When ever you hear a tip from me or anyone else you need to ask yourself what type of trader are you. What's good for me is definately
Not good for you. I'm more of a day trader and will cash in my profits quickly and move my stops up to break even real quickly once I'm in the trade.This does mean that I miss out on some of the big moves due to the volatility due to my stops taking me out . I tend to trade a lot so I can find other oportunity else where. I love the thril of trading. So what I'm trying to say is if you follow me or any one else then
bear in mind that you don't really know how I or any one else thinks so you are actually gambling. You need to find your own two feet.
Anything I say should be treated as an example. This board is here to help you succeed and not make you a gambler. Unfortunately there will be a lot of real time trades placed by me and others and it can be overwhelming some times and you may get sucked in.
Don't get sucked in. I'm only showing the examples so that you can learn from them. This site is all about learning from fellow traders.
I show real time trades before it even happens .Im not a hindsight trader like many out there . This I find is the best way to teach someone. The only down side to this is the losing trades attached to this method...lol.....
All books are hindsight material.

So what I'm trying to say is you need to do your own research and don't listen blindly. Trading is all about learning from your mistakes .

Hope people take this in as it's important to know ones self..What type of trader are you????

Remo