Introduction to Trading the Financial Markets (With Q&A) - Page 3

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  1. #21
    AXL
    AXL is offline Member
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    Quote Originally Posted by Max727 View Post
    Where do you suggest I find data on stocks and the market in General? I use MarketWatch right now. Not sure if it is good or not.

    Also, how do you trade in Forex, Commodities, and Futures? So far all I have been doing is practicing using Market Watch's Stock Market Game. I never see a option for any of the above except for Equities Trading.
    TD Ameritrade does everything. Their trading platform is THINKORSWIM. Awesome if you are into trading. You can open an account and practice with paper trades for free.

    Interactive Brokers does everything too but has a minimum of $10,000, if I remember correctly.

    Reuters and Bloomberg are the only sites I use for general business news. Decent articles on there.
    Old Sport likes this.

  2. #22
    Monolith is offline Member
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    Quote Originally Posted by Max727 View Post
    Where do you suggest I find data on stocks and the market in General? I use MarketWatch right now. Not sure if it is good or not.

    Also, how do you trade in Forex, Commodities, and Futures? So far all I have been doing is practicing using Market Watch's Stock Market Game. I never see a option for any of the above except for Equities Trading.
    Yahoo! Finance has good, free historical data. If you want historical options data you'll have to scrape that yourself during the trading day. I did a research report and had initially intended to use 6 months of options data but I literally just don't have the space on my personal computer/external drive. You can also pay for historical options data. If you know exactly what you want it isn't really that pricey.

    Interactive Brokers is probably the best platform for forex, commodities futures, and so on for retail traders.

  3. #23
    R3LENTLESS is offline Banned
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    What is the average % return for long term traders who at the top of their game?

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  5. #24
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    Can anyone name a decent broker that allows naked put writing in an IRA account?

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    Arthur is offline Banned
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    Quote Originally Posted by LIGHTWEIGHT View Post
    What is the average % return for long term traders who at the top of their game?
    What do you consider long term? Investor-type or longer term swing traders?

    An investor-type actively keeping up with his stuff and updating positions accordingly on the bi-weekly basis should be doing about 12-20% depending on their levels of risk and the size of the portfolio. The goal for them is to simply outperform the S&P, if they do that, they're doing a good job. At the top of the game though I've seen investor-types who put in their research time and crank out 25-40%

  7. #26
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    Quote Originally Posted by DialM View Post
    Can anyone name a decent broker that allows naked put writing in an IRA account?
    Way back in the day Thinkorswim allowed you to do so but ever since TDA took them over its no longer allowed. I'll look into this and get back to you on it, I'm actually quite curious myself now.

  8. #27
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    This is great! Thanks!

  9. #28
    R3LENTLESS is offline Banned
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    Quote Originally Posted by Arthur View Post
    What do you consider long term? Investor-type or longer term swing traders?

    An investor-type actively keeping up with his stuff and updating positions accordingly on the bi-weekly basis should be doing about 12-20% depending on their levels of risk and the size of the portfolio. The goal for them is to simply outperform the S&P, if they do that, they're doing a good job. At the top of the game though I've seen investor-types who put in their research time and crank out 25-40%
    I was thinking 3-6 months.

  10. #29
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    Quote Originally Posted by LIGHTWEIGHT View Post
    I was thinking 3-6 months.
    That can still be classified as investor-type ish borderline long term swing trader. Either way, in the end you need to determine what it is you're trying to accomplish. Make income, or build wealth. Traders make income, investors build wealth.

    I try to do 20% on my Roth which wasn't hard this year because I just started it. I did 80% for 2012 but I'm a trader by nature so I used heavy risk even though I shouldn't have and also tended to perform trades on it frequently unlike most Roths people have.

  11. #30
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    Huge thanks Arthur! This is exactly what I have been looking for. You sir, are awesome!

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