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cintrix

06/07/13 8:32 AM

#3008 RE: Gixene #3007

You know, most people don't pick what type of trader they are going to be. You don't just one day wake up and say "I think I want to be a value player." Most people who first start out will find a stock that they are interested in, invest in it, and learn about that stock. Hopefully for them they DON'T make a load of money on their first play. Why? Because that is, imo, the kiss of death. You are better off losing money in the beginning so you don't get cocky and have a false sense of "I am really good at this." After you begin trading and you have a bunch of trades under your belt you then will become familiarized with the different types of approaches.

When I first started out I was trading based on the growth stock theory of William O'Neil - his CAN SLIM strategy. This is because I would read Investors Business Daily religiously since because back in the dark ages we didn't have access to the information we have now on the internet. When I decided I wasn't interested in long term investing and wanted to trade short term I began trading based on news. Then I got into trading based on filings. I also did a lot of bk trading at one point too. I am now a bounce trader and have been for many years. I still will trade something based on a filing, news item, and bk play every now and then if something interesting comes out.

Once you begin trading actively you will figure out what type of strategy you like and works best for you! Just remember that you WILL lose money and to take your losses when they are still small.