There is another reason to do as calibertrader suggests - you know who is for real and who is not.Originally posted by calibertrader
Most traders won't reveal their secrets unless their is something in it for them. The best and fastest way for him to learn what works or doesn't work, is to get into a firm who will teach him. A firm that has other traders that trade other styles so the newbie trader could get a feel where the money is flowing consistently.
There are 12000 members here - I guarantee you that of those 12000, something like 200 to 500 are professional traders. Of those, maybe 200 - 300 are making money. How do you tell the frog from the prince? You can't, inspite of the fact that 8000 of them sound like they know what they are talking about.
Many people here will tell you that a prop/prof firms are churn shops. Perhaps some of them are, and that is part of learning this business - separating the shit from the diamond. But one thing that is certain - everything you will see and hear and feel there will be real - unlike here.
Elite is a fine traders board - perhaps the best in the world. But IMHO, unless you already have some experience, it will be super inefficient learning the art and science of trading here.
At a prof/prop firm, you can't hide behind a handle and spew out advice if you constantly get smoked. _IF_ you are lucky enough to go into an office with genuinely profitable traders, and hopefully they have an atmosphere that encourages constant learning and group work, if I were you I would do everything in my power to join one of these firms.
Listen to calibertrader - he knows of what he speaks....
nitro
