Recent content by rookie55

What I got from reading some RDPD books is basically a wake up about what you're doing with your money. I wouldn't read him to learn specifics of investing, but i would recommend his books to an absolute idiot who spends money without really thinking about it. He's like a wake up call. But...

Thanks whit. In poker 90% of all players lose money in the long run due to other players having more skill, and the rake the house takes. Is this similiar to day trading? Are most traders bad, and the good traders capitalize on their mistakes? Or is that not a good analogy?

Could you elaborate a bit more on what you mean?

Why not? What is it that I need? If there are any other newbs like me out there, I just found this article which is a good primer on basics. http://www.daytraders.com/day_trading_information.html

I'm so green, I know nothing about money, other than reading 1 or 2 rich dad poor dad books. My goal is to become a day trader, and a damn good one. I'm not interested in becoming a good trader so I can boast about it. I'm not doing it for any reason other than I like a good challenge and i...