Here is some information on various trading instruments you may find useful; including pros and cons, as well as a few personal notes at the end of each subject heading. Remember, retail trading is stacked more in the favor of brokers than traders, so make sure you do your homework before diving in. If you don't, you'll end up drowning in the deep end and having your carcus eaten by sharks till theres nothing left.
This will be an ongoing list, meaning that I may add, delete, or change a few things here and there as time goes on.
-1:1 Long trades
What Lies Beneath
I've seen alot of websites that say they have some secret to wealth in the markets or some hidden formula. Well, since I am not aware of any secrets going back 200 years in market history; here is what I believe to be the keys to trading success...
First, it's extremely important that I have a diversified portfolio in order to improve the odds of my long term survival (The amount of instruments one decides to trade depends solely on how much a trader can comfortably manage). Here is an example of one such portfolio which uses stocks taken from the Dow30.
Trading-Lab Securities Performance Calculator
- January 29, 2008
Here is a free Performance Calculator/Trading Diary for anyone interested. The logic and code is quite simple and is easily replicatable if you are interested in creating your own.
The program is coded/calculated in Microsoft Office Excel 2007 (.xlsx)
If your are running a previous version of MS Office or you do not have Microsoft Office...no problem...
Microsoft has this to offer...
..."By installing the Compatibility Pack in addition to Microsoft Office 2000, Office XP, or Office 2003, you will be able to open, edit, and save files using the file formats new to Word, Excel, an... »