Originally Posted by Kalashno
Wow, Im very surprised that people is so handful and kind in this forum, Im very thankful.
No prob! Here we love new people (new ideas) coming in everyday!
First of all I wanna make clear im spanish (I stated it last page) and I have never invested with my own money, my dumb dad dumped 6k € on some shitty mutual fund that his bank's "friend" offered before the financial crash.
You are spanish!? Well...nobody is perfect...! But I will (try) to help you anyway!
I have recently won a first prize of 5k€ and an iPod from a contest the broker GVC Gaesco and my local university organized, I have assisted to some speeches + i got very handful technical info + my IQ is pretty higher than average and I always loved this kind of things (im former sportsbetter and pokerplayer).
Good, seems you got what it takes to win in the markets! Add some more hard-working, money management, trading planning and few methods and you will have it all!
So, Im pretty obsessed now with all this stuff, its been ~2 weeks that I have spended 12-14hrs/day checking historical charts from many companies + reading + watching videos (Hi SJe <3) and since my goal in life is becoming rich this can be the start of my future profession. Im now studying business and administration direction which implies that im familiar with all the P/E, EBITDA, etc ratios.
The thing is that im more fundamental than technician, I find it less risky (even tho i love risk) and at the same time a much better way to make profit as my capital is pretty low and comissions would eat me if i'd speculate.
It all depends om your time frame. FA for daytrading is rubbish, useless. However if you are planning long term holdings that can be a smart bet.
So, about papertrading, I feel like my theories will be correct, plus im not assuming a huge risk, top dogs of dow and BES arent much of a risk. I will just wait until april's heavy pullback and then just jump on the dogs and maybe JVA/MET/DMND. On the other hand depending on what I get from today's "conversation" I will go tomorrow and simply buy 2.500€ worth on BES stocks.
Test your theories by papertrading them. If they work acording your initial thoughts move on...
About bonds, I need information of how is Portugal doing, because the risk prime can perfectly be manipulated and topped by speculators and may not show reality, even though 16,49% for 5yr bond is SICK.
How Portugal is going? Simple, as a spanish twin shadow...same problems, same solutions. Risk is similar, however Spain is more critical (I believe that in economical terms Spain is 4/5 times bigger than Portugal), due to his size.
Should I buy longterm stocks such as BES + pt bonds using ING broker? (only buy-sell comission, no custoding or any other fees).
Should I use Interactive Brokers to purchase stocks on the US?
I strongly advise you to search a good broker in Spain. Compare costs, comissions, fees, etc. For sure there will be one. However if you are going to trade mainly american market I think you should open an account in an american broker. For that Im not the ideal person to help you but for sure SJe will give you an hand on that.
And also, where do you get that software that gives you such handful charts? I used during the contest Visual Chart V, which is pretty cool, but it turns out that if I wanna use it furthermore I've got to pay.
The trading platform from you future broker for sure will have a decent one. But meanwhile you can use finvizz, stockcharts or this one I use (www.realtimepro.com).
Thanks for reading me guys,