Any traders out there?

Question

Do you trade for a company or for personal use?
What do you trade?
Do you make good money doing it?
How would a person become a successful personal trader or land a job trading a company's equity?

Answer 1

Hi,
I'm forex trader more than 5 years.
I'm trading for myself.

As about becoming a succesfull trader I hope those books would help you:
Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;

Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;

Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;

Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill M. Williams;
New Trading Dimensions by Bill M. Williams
Trading Chaos II by Bill Williams – Maximize Profits with Proven Technical Techniques by Justin Gregory-Williams and Bill M. Williams

Good luck!

Answer 2

I am not a trader, but you might be interested in the following website, http://www.top10traders.com - this is a free site that showcases the market's best traders. You can see which trader has performed the best for the month, as well as see all of their trades. You can also create your own portfolio with $100,000 in "play" money. Then you can see how your own trading strategy compares to other traders.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Hope this helps.

Answer 3

I have been short term trading for about 4 years. why do I do this??? I don't know, but it sure is fun, but very difficult. It is like the ultimate game of chess.........so much thinking and strategy. I just trade stocks...normally only one at a time. I have a stocktrade account, they are very good, and cheap to use. I made about $350.00 today on Lows, symbol LOW I had 500 shares of it and it was up nice today. with trading there are unlimited amounts of money to be made, but you can also lose all of your money.. I think it takes at least 5 years to be any good at it at all......the hardest thing to learn is to quickly cut your losses when a stock you own starts to go down in price. it sounds like it would be so easy to do, but it is very hard to sell when you start losing money........because you always believe it will come back in price, and sometimes it does but sometimes it keeps going down in price, and then you are cooked..........lots of good books out there on trading.....read them all, you can start to trade with a very small amount of money, even $1000.00 you might as well just assume you will lose it all, that is the only way to learn. good luck to you.......study hard and maybe you can hit it big, don't invest money you can't afford to lose, because you will lose it, it takes many years to learn how not to lose it. anyone can buy a stock any day and get lucky and make a few bucks, but to be any good at trading you have to teach yourself how to consistantly make money over the long term while limiting your losses to small losses.....that is it in a nut shell, no more or no less complicated than that.........

Answer 4

I trade for personal use making 30% of my income with a return of 80% to 100%. See my blog for how daily thoughts, though during holiday break, I've also taken a break from trading and blogging. I'll be back in January.

gmoolah.blogspot.com

The technique I use is layed out in 3 chapters:
Creating Investment Cashflow parts I,II,III. The first installment is in November archives.

Enjoy, but take care with the information. Despite having strategies layed out in my blog you still need to learn what works for you, the level of risk you're willing to assume, your financial status, and your emotional / psychological makeup.