Advice to a newbie

Ditch · Apr 23, 2004

Quote from Spitfire:

Oh dear. Truly? You have an MBA? Seriously? And this is the best question you could ask?

Did we need to know you have an MBA - what, did you imagine there are special trading books for clever (?) people.

Your need to expose yourself will undermine your trading. Try politics. Seriously.

Dr, Trader, MBA.... smells like low self-esteem

Spitfire · Apr 23, 2004

Quote from qwiktrade:

yes, very true..

"Daytrading etiquette for those with class, and an MBA".. perfectly logical..

-qwik

I have a copy if you want to borrow it - a little worn of course, but only in the best way.

Did I tell you I have a PFD?

Time for new lows in the Bund

Dr. Trader · Apr 23, 2004

Thanx for the good information on books. Much appreciated.

What do you fellows have against an MBA? I worked damn hard to get it, and i'm proud of it. And now I'd like to learn about trading stocks. What's the biggie?

qwiktrade · Apr 23, 2004

Quote from Spitfire:

IDid I tell you I have a PFD?

im almost afraid to ask.. PFD?

-qwik

Oldtimer · Apr 23, 2004

>>>What do you fellows have against an MBA? <<<

Thesis envy.

caplan8293 · Apr 23, 2004

Quote from Dr. Trader:

Thanx for the good information on books. Much appreciated.

What do you fellows have against an MBA? I worked damn hard to get it, and i'm proud of it. And now I'd like to learn about trading stocks. What's the biggie?

I myself have an MBA, and here is what I have gathered from reading this board:

1. Many people with MBA's feel that because of their background they will have a better chance of being a successful trader. That is absolutely not the case and may actually be the opposite.

2. Perhaps people on this board are just a *little* jealous and feel that they can make themselves feel better by giving people with more education than them a hard time.

I will now step back and prepare for the flames I am about to receive.

Spitfire · Apr 23, 2004

Quote from Oldtimer:

>>>What do you fellows have against an MBA? <<<

Thesis envy.

Against MBA's - why nothing. Re read the thread.

Did I tell you my IQ?

PuffyGums · Apr 23, 2004

Quote from qwiktrade:

yes, very true..

well.. there is "Daytrading for Dummies".. and "The Complete Idiots guide to Daytrading like a Pro".. perhaps he just assumed that there would also be "Daytrading with power using your MBA" or "Everything you always wanted to know about Daytrading but didnt learn while completing your MBA".. also dont forget "Daytrading etiquette for those with class, and an MBA".. perfectly logical..

-qwik

Then there are the innumerable Zen and trading books and 'flow' and trading books...

traderob · Apr 23, 2004

Quote from Dr. Trader:

Thanx for the good information on books. Much appreciated.

What do you fellows have against an MBA? I worked damn hard to get it, and i'm proud of it. And now I'd like to learn about trading stocks. What's the biggie?

The thing is is that an MBA is not worth much at all in trading. The fact that you are proud of it means you might imagine you have some sort of edge over traders who don't. And that will be to your detriment.

Dr. Trader · Apr 23, 2004

Quote from roberk:

The thing is is that an MBA is not worth much at all in trading. The fact that you are proud of it means you might imagine you have some sort of edge over traders who don't. And that will be to your detriment.

I don't "imagine" that at all. Quite the contrary. That's why I started a thread under the title "advice to a newbie". While I am proud that I attained an MBA, and you would be too if you went through what I did, I do not connect an MBA to being an able trader at all.

With stock trading, i'm looking to start from scratch, which is where I am. The MBA simply shows my resolve to attain my goals, and my recent goal is to learn about trading.