Extreme Deviation Automatic Price Targeting - "X_DEV" - Bitcoin

[Qarel]

Hi niceboat,

Yes that is were we all started: losing money. I am still a starter, and I had the back luck to start just before the top of the recent bull market, so I am in the same unnice boat with you: I lost about 40% overall.

I think the important thing is to get your feet back under you first. I think you get a lot of excellent advice to start using X_DEV, but perhaps you'll need a bit more caution. And you'll need money! It is not for nothing that Myst's X_DEV examples have a $30,000 size. Anything below $3000 per stock will strain X_DEV's performance, because of commission costs. X_DEV likes to trade, and trades cost. If you don't have enough money, try building up. Do it in cash, or by Dollar Cost Averaging into an index fund or an ETF like QQQ, SPY, or DIA.

In the meantime, start paper trading some stocks with X_DEV. You could use the three stocks of the evaluation version of X_DEV, but better would be to invest in the package and see the cost as learning money. At least for this money you'll get something in return!

Look very well at what happens. Evaluate not only whether the stocks make a profit, but also whether you are beating a benchmark you want to beat. (DIA, SPY, QQQ, or why not! BRK.A - beat Warren Buffet!) And very important: evaluate whether you understand the X_DEV action, whether it "feels good", whether it fits you. (That's the main reason why I stay out of X_DEV currently, because I don't think its trading style will fit me.) Ask questions on this board when you don't understand or like what you see happening in X_DEV.

Do this for at least 6 months, or better: a year. When you have found some confidence, you can make a start.

In case you might be interested in a more laid-back style of investing, try http://www.investorshub.com/boards/board.asp?board_id=949 (that's AIM). The folks over there also know about some alternatives to dollar cost averaging.

And now I really have to go back to work.

Good luck,

Karel