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Old 03-19-2007, 03:15 AM
pig4bill pig4bill is offline
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Join Date: Dec 2005
Posts: 2,658
Default Re: NOOB investor, help appreciated

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1. Where is the edge in trading?

a. I THINK I understand the edge in long term investing, as the economy is usually moving forward...you make money by investing in various parts of it.

b. I don't understand where your edge is in short term trading (I'm talking about weekly/monthly, not by the minute). The only edge I understand is insider trading, where you buy the stock for less before the market realizes its worth.

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Insider trading gets you prison if you're caught.

"Edge" implies an advantage over other market participants. I don't think you want to think like that. As far as where profitability comes from, there is no "the". There are countless ways that different people use to make profits.

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2. I have a 10k bankroll. Can I even trade?


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Yes. Not daytrade extensively. Have realistic expectations.

Most people go broke several times before finding something that works for them.
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