Wall Street Under 30

There are many investment vehicles available to first time traders and investors which offer a wide range of reliability and risk profiles to suit every investor. The most prevalent form of trading and investing is obviously stock trading also known as trading securities. Investing in securities is one of the oldest forms of investment and speculation but it is also one of the most limited. Until recently, the high price of trading securities has made it impractical for traders with small accounts. Accounts that are under $25,000 in value are still subject to the Pattern Day Trade (PDT) rule which limits the number of day trades a speculator can make in any given 5 day period. Modern day discount brokers such as www.robinhood.com offer stock trading completely commission free which helps small traders make small returns from trading securities. For new investors, stock trading is the easiest market to break into as information concerning these markets is readily available. However, s...

This post is primarily aimed at traders who are just beginning their trading careers. First time traders will need access to a “demo account” in order to try their hands in the market before committing real capital to the project. I recommend at minimum 4 months of consistent profitability before risking real money. Note that it may take several months before one can achieve profitability; so, the actual time required demo trading is most likely much longer than 4 months and can be as long as necessary. The most important thing to remember when demo trading is to treat the account as if it was real in order to get a general idea of how trading real money feels. A demo account will also help first time traders learn to manage their emotions in a low stakes environment. The type of demo account depends on the type of market one plans to trade. For those trading stocks, there are countless “stock simulators” that will work for a beginner’s purposes and a simple internet search will retur...

This blog will focus on free investment advice primarily in the equity, futures, and foreign exchange markets. The posts made here will represent my personal assessments and analysis of the markets, but they should not be taken as indications to buy or sell any securities. As a market analyst, it is my responsibility to analyze global macro and micro trends as well as per form technical analysis of these same markets. However, in my personal trading, I focus primarily on technical analysis to find trading opportunities and entry points. For this reason, this blog will not only contain posts regarding the state of my personal trades but will also contain helpful how-to’s for those of my readers that may be either unfamiliar with trading at all or are very new to the scene. In an effort to make all this information clear and concise to read and understand, the posts here will follow a chronological order that follows the journey of a day trader. Many of my readers will question why I am...