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PureBytes Links
Trading Reference Links
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My contribution for help for newbie:
1) Decide the amt. of time and the hours you have avail each day..... this
will determine whether you trade intra-day ticks or weekly bars real quick
2) Decide how much percentage loss you personally can stand at any one point
(your drawdown)..... this will help you select the market you want to consider
learning..... i.e. where on the risk/volatility/leverage spectrum you fall.
If you consider a 5 to 10% loss hurtful, then consider trading sector funds,
large caps, webs, conservative options, etc.... If you can handle a loss above
30%, then consider direction-trading futures.
3) Once you've taken the above 2 profiles, you can then focus on a particular
market or markets and build a system that is highly applicable to that
particular market.
I Feel the biggest challenge for a person considering trading is to get a
"fit" between their time availability and their risk tolerance.
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