Stock Chat: new to cfd’s

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new to cfd’s

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Category: Market Discussion
Forum Name: Stock Chat
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URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=439
Printed Date: 03 May 2024 at 6:30pm
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Topic: new to cfd’s

Posted By: riddle
Subject: new to cfd’s
Date Posted: 02 Oct 2007 at 6:26pm

good day all. i hope there is someone still using this site...i am very interested to know others opinions on a positive expectancy system and whether or not such a beast can exist, all the best...mike

Replies:

Posted By: IT-Trader
Date Posted: 09 Oct 2007 at 1:24pm

Mike,

In short the answer is not only "yes such a beast can exist", but you should own such a beast before you put money in the market!

Read the expectancy chapters in Trade Your Way to Financial Freedom by Van Tharp.

Beyond that, the very best advice I can give is to focus on price action.
I know nothing is valued unless earned but you will save yourself literally thousands of dollars by remebering those four words.

The study takes months, even years, to truly assimulate but the rewards far outweigh the effort. However the effort is far from inconsiderable. There may appear lots of apparant short cuts but honestly there really aren't.

ITT.

Posted By: chart rider
Date Posted: 09 Oct 2007 at 6:03pm

Excellent reply IT, all said in a few short sentences.