Advice for all the noobs who want to be a full time trader...
- Thread starter vincentnyc
- Start date
%%I think for someone learning the ropes without a mentor, very tough.
THAT;
or use a good private or public library or both........................................
This remind of a quote. It goes something like this...how you make $1 million dollars in the stock market? Start with 2 millions.
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He has some Very good points;
noted trade small x3 times /LOL.
I don't think he was making a prediction\ may lose money for several years\most likely right.
He suggested trading FAS/FAZ, but thats another thread;
may do better with qqq/SPY or sso to start[smaller moves]...................................
Many many years ago my vehcle driving habits was to drive fast. I've owned several motorbikes, dirt bikes, fast road bikes, fast cars.
I imagined trading was like driving down a freeway with me weaving in and out of traffic getting ahead of everyone. I thought too I would outsmart and outrun the majority.
Well today many years later its not like that, other traders have the smarts, tools, methods, contacts, education, experience which I lack.
Yes, I make money but its not like I'm leaving the pack behind in the dust.
but that does not mean you cant lose a million
in 13 years i lost over 2 00 000 usd.
now i wonder how on earth i managed to do that. once you learn something it becomes simple
it is critical in trading that you understand a few things: other wise you are going to join the iconic { sic! } 95 %
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If a person has built a nest egg of $1M, he or she is frugal / wise enough not to plonk everything into stock.