What I found that worked best for me was to read the TD, Scottrade, and other internet tools on charts and what not and all other info I could read and then download the free stock market games for my iPhone. Most start you off with 100,000 and used the different things I had learned in this fake environment to "practice" before I learned my lessons the hard way for real. Once you get a "system", and feel comfortable (AT A MINIMUM) with it, then implement it with real money, but in small chunks.
I developed a certain set of parameters and have the discipline to stick within those boundaries. I am successful around 65-70% of the time. And what I define as successful is a trade that I still profit from after the transaction fee, whether it is $1 or more. The same for when I lose.
I cannot tell you what a dollar amount would be due to the different values of the stock and how many positions I hold. But overall, I am up a little from where I started once I started with real money.
I developed a certain set of parameters and have the discipline to stick within those boundaries. I am successful around 65-70% of the time. And what I define as successful is a trade that I still profit from after the transaction fee, whether it is $1 or more. The same for when I lose.
I cannot tell you what a dollar amount would be due to the different values of the stock and how many positions I hold. But overall, I am up a little from where I started once I started with real money.
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