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I'm not against someone's opinions on the stock market. This is a discussion forum after all so there's no reason someone's opinions can't be questioned, or ignored.
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I was hoping a room moderator or someone similar would reply to my question.
I'm not some fly-by-night stock trader that looks to get people hooked into this for the thrill of it, nor am I looking to get people to lose alot of money.
I may be new to scanners but I'm not new to trading stocks, and happened to come across this forum to see what was below the Regional Radio Discussion Forums. I'm surprised at how many forums are here at RR and how active they are.
When I saw the Economics/Finance Forum in the RadioReference Tavern, I poked my nose in and saw what seemed to be quite a few threads on stocks, the stock market, and also general business discussions on companies, bailouts, CEO's, etc.....
I thought maybe I could give some positive feedback to some of the viewers here.
So here is what
I have for my interests in stocks and trading:
I started getting interested in the stock market back in the mid 90's when I worked at a print company and ended up becoming a pressman making pretty good money. Several of the pressman were interested in the market and suggested I start out investing in Mutual Funds.
Well, if any of you have read any of my posts since I've joined RR, you would have seen that I like to do my own research as I did when I decided to get interested in scanners so.......I started doing research on Mutual Funds, investing, and the ins and outs of the stock market and how it operates. Just as my knowledge of scanners was nil when I first got interested in that hobby, so was my knowledge of investing and the stock market. I did a ton of reading complimented by tons of research, then more reading and more research.
By the time I was ready to start my journey into trading, the 90's and the internet bubble had passed and I knew with the increasing usage of the internet in the stock market, that it was going to be a tough road for me. I didn't have the temperament to "buy & hold" stocks for the long term (long term meaning several years ) and I certainly knew I didn't like listening to the so called news gurus and folks on CNBC. I decided my game plan was to trade short term at first and if I was successful with that , than I would continue trading short term swings and continue studying the market to see if I felt comfortable enough to make longer term commitments, longer term meaning holding for weeks to months.
I opened a margin account with MB Trading, a direct access brokerage, and my charting software was eSignal Premier.
After several months of studying how these two operations worked and paper trading, I deposited over $30k in my brokerage account, and started trading live, short term (meaning holding for a few hours to maybe a few days) and was fully involved with the market.
I loved it. It was exciting, it was entertaining, and I was making more money in my profitable trades than in my losing trades.
After two years of trading with real money and continuing to be profitable in short term trading, I opened an IRA account for me and my wife, with Scottrade. I use them for trades lasting weeks to months.
I don't care a hill of beans about short term holdings (holding a stock for less than one year) and the tax consequence. That's miniscule compared to my enjoyment I'm getting in trading market movements.
I like it, I like learning about it and continue to learn about it. My process is simple-KISS. I use multiple time frames when looking at a stock. I rarely listen to or read newspapers, t.v., radio, etc... I get most, if not all the information I need in making a trading decision from the charts, the volume, and the Time & Sale (Ticker) window.
So how I will post my trading info in here is yet to be determined by me. I will certainly add my .02 cents in some of the discussions and
I may contribute to new threads, depending on the discussion.
I will ponder the thought of posting some of my trades here or to just make recommendations on what I think is a good trade-long or short.
I don't want anyone to think I'm in here to "pump" my stocks that I may be long or short in. I just want to provide a positive and hopefully a profitable learning experience.
Maybe some of you who are serious about stocks will profit from my suggestions.
I don't trade options, futures, commodities, penny stocks. My main interests are stocks.
Thanks again to Wayne for answering my question and letting me have the opportunity to contribute to this forum.
And like he said, you can either read what I post, or ignore what I post. You do have that choice.
Sincerely....
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