Comments on: So you want to be a stock trader? (Part One of Many)

By: Goode Value Investing & Trading Blog » How I Stopped Stockpreacher’s Alanco (ALAN) Bull Raid

Thu, 29 Apr 2010 23:44:09 +0000

[...] I have mentioned repeatedly in my articles on becoming a stock trader (Part 1, Part 2) and in my Introduction to Evidence-Based Investing, the bane of any trader (or investor) [...]

By: So you want to be a stock trader? (Part One of Many) « Reaper Trades

So you want to be a stock trader? (Part One of Many) « Reaper Trades — Tue, 28 Jul 2009 15:18:11 +0000

[...] No positions in any stock mentioned. This article was originally posted on my investing blog on 2/2/2009. I have a disclosure [...]

By: Goode Value Investing Blog » So you want to be a stock trader? Finding a Trading System & Dealing with Emotion (Part Two of Many)

Sun, 08 Feb 2009 03:00:23 +0000

[...] to find a trading strategy that works. This is the second article in a series. I suggest reading the first article (on the extreme difficulty of trading [...]

By: Nightly (Value) Investment Links #72 | Simoleon Sense

Nightly (Value) Investment Links #72 | Simoleon Sense — Tue, 03 Feb 2009 22:04:14 +0000

[...] So You Want To Be A Stock Trader – Via Goode Value [...]

By: nojobmaui

nojobmaui — Tue, 03 Feb 2009 20:06:01 +0000

Yes I completely agree with you, be afraid, very afraid, because as you said above for most you will get eaten alive. The likes of AAPL and RIMM print $100 bills for me, however I have very very strict rules.

By: michael

michael — Tue, 03 Feb 2009 15:27:19 +0000

Thanks nojob. My point is that trading such stocks is difficult. 10c per share on a $90 stock is a tiny, tiny profit margin and would not be worth most people’s time unless they are already a full-time trader.

By: nojobmaui

nojobmaui — Tue, 03 Feb 2009 15:22:07 +0000

Michael,
I will answer you question about AAPL, however is the point that it can be traded? I trade it on a daily basis now as taught by TRO, usually for a scalp of .10 at a time. Its part of his Milk the Cow also known as Never Lose Again.
Good trading!

By: michael

michael — Tue, 03 Feb 2009 14:48:58 +0000

Mark – as to options, they increase your leverage but also your transaction costs. The other problem with options is that they create weird (non-normal) return distributions which most people have a hard time truly understanding.

By: michael

michael — Tue, 03 Feb 2009 14:46:48 +0000

nojob – How many times have you traded AAPL? What is your percentage of winners / losers, and average profit ($ and %) per trade?

By: Mark

Mark — Tue, 03 Feb 2009 13:25:43 +0000

looking forward to the next one.
I suspect the only traders probably with success in large-caps trade options. I’ve never used options yet but I think you can do a straddle with calls and puts and sometimes get profit if it goes either way.