Good Morning,
Well, as you know im not the best blogger in the world. So i have decided to change up my blog a little bit. I have decided to open up a live trading room. Not sure who i am going to use yet, probably Vyew. Im not sure how im going to use my blog. Probably room updates on trades and key macro economic news. I will also be doing educational blogs.
The trading room will be free for those who open an account through palmers choice. or you can pay 25 dollars a month.
As far as the room goes, I will have my active trading screen up whenever im trading live. We will have education tutorials from not only me but a bunch of buddies i know who trade.
JP
Showing posts with label macro economics. Show all posts
Showing posts with label macro economics. Show all posts
Monday, February 11, 2008
Tuesday, January 8, 2008
Daily Fundamentals
Good Morning,
Here are the fundamentals for today,
Philly Fed Comes out at 8:20am EST.
Pending Homes sales comes out at 10:00am EST, Projection is -0.7%
Boston Fed comes out at 10:50am EST,
Consumer Credit comes out at 3:00pm EST, Projection is 7.5B
I Hope everybody has a great day trading. I'll be back around 5pm for the rap up. Happy Trading!!
Here are the fundamentals for today,
Philly Fed Comes out at 8:20am EST.
Pending Homes sales comes out at 10:00am EST, Projection is -0.7%
Boston Fed comes out at 10:50am EST,
Consumer Credit comes out at 3:00pm EST, Projection is 7.5B
I Hope everybody has a great day trading. I'll be back around 5pm for the rap up. Happy Trading!!
Sunday, December 9, 2007
Trading compared to gambling
Morning
Hope everybody is ready for the week ahead.
Even though its Sunday I have had an itching all weekend to talk about trading compared to gambling. Ever sense I've started to trade people have been telling me to not to it cause its gambling and you can lose all your money. I do give them 50% credit in that statement, because you can lose all your money. But, its not gambling. I have came to the conclusion that the people who claim trading is gambling are the people who's uncles brothers friend lost 800 dollars on a stock, so that makes them an expert in why you shouldn't trade. Well i don't want to insult anybody but that is just ignorance talking. TRADING IS NOT GAMBLING!!
When you gamble you cannot predict the outcome. Trading you can predict the outcome 95% of the time through studying macro economics of the trade, recent events, and possible future events. You cannot do that in gambling. The reason people compare trading to gambling is because they just bought a stock there brothers uncles friend told them was good. Then the company was investigated by the IRS and their stock dropped 50 bucks. They bought that stock with no studying into the company. These people wouldn't know what a stochastic or moving average is if it came up and bit them in the ass. These are the people you don't want to talk to if you want to get into trading. Because they'll just bring you down and tell you not to do it.
To be success full as a trader you need the following
1, to study technicals and fundamentals as much as you can
2, read every book on macro/micro economics, I also would suggest Socio economics
3, Treat your trading as a business, Get it registered as an llc.
4, Trade Trade Trade, lose, lose? Yes so you learn more then WIN WIN WIN
5, Don't listen to ignorant people who failed then bring that negative B.S onto you.
Hope everybody is ready for the week ahead.
Even though its Sunday I have had an itching all weekend to talk about trading compared to gambling. Ever sense I've started to trade people have been telling me to not to it cause its gambling and you can lose all your money. I do give them 50% credit in that statement, because you can lose all your money. But, its not gambling. I have came to the conclusion that the people who claim trading is gambling are the people who's uncles brothers friend lost 800 dollars on a stock, so that makes them an expert in why you shouldn't trade. Well i don't want to insult anybody but that is just ignorance talking. TRADING IS NOT GAMBLING!!
When you gamble you cannot predict the outcome. Trading you can predict the outcome 95% of the time through studying macro economics of the trade, recent events, and possible future events. You cannot do that in gambling. The reason people compare trading to gambling is because they just bought a stock there brothers uncles friend told them was good. Then the company was investigated by the IRS and their stock dropped 50 bucks. They bought that stock with no studying into the company. These people wouldn't know what a stochastic or moving average is if it came up and bit them in the ass. These are the people you don't want to talk to if you want to get into trading. Because they'll just bring you down and tell you not to do it.
To be success full as a trader you need the following
1, to study technicals and fundamentals as much as you can
2, read every book on macro/micro economics, I also would suggest Socio economics
3, Treat your trading as a business, Get it registered as an llc.
4, Trade Trade Trade, lose, lose? Yes so you learn more then WIN WIN WIN
5, Don't listen to ignorant people who failed then bring that negative B.S onto you.
Subscribe to:
Posts (Atom)