Brand Spanking New... A few tips?!

Quote from thedewar:

I'm planning on dropping out of my business degree right now...


Stupid. Finish what you started.

Now i have about 40k i'd be able to use and would like to delve into trading full time.

Put half of that money in CDs, fully fund a Roth IRA for 2008 and put $10k into an IB account to paper trade. Do not trade cash at this time.

Eventually i'd like to trade futures and options just because of the high profits that are available.

Papertrade. At least a year. Read this site completely. You will learn more from diverse posters because a book is just one point of view, and here you get opinions of assholes and professionals alike. There are two ways to learn lessons, easy or hard. You wanting to jump in headlong is the hard way. Your choice.
 
so much negativity :(

lol fine i wont quit school even though i think its a waste of time

i better learn a crapload from these forums then ;)

well thx for the advice every1

-Taylor
 
Quote from thedewar:

Hello one and all, i've been browsing these forums for a week or so and am starting to get passionate about trading.

I'm planning on dropping out of my business degree right now, just because i spend all my classtime reading up on markets so i figure school will always be there if this doesn't pan out. :D

I've been taking in as much info as i can for the past few months i've read through a bunch of books and have been reading through financial periodicals and checking up on the market daily. I'm thinking that this is something i'd really like to get into.

Now i have about 40k i'd be able to use and would like to delve into trading full time. From what i've read getting into a prop firm and learning the ropes is one of the best ways to do things. If anyone has any advice on how/where to get started i'd greatly appreciate it. I'm currently in Edmonton Alberta Canada but have no problem relocating if there's a good firm around this Country.

Eventually i'd like to trade futures and options just because of the high profits that are available. At the moment i'm open to any kind of trading just to gain experience.

Any thoughts?

B&Q in Wigan have some vacancies I believe.

It's a pleasant little town that has lovely bakeries that sell great meat and potato pies - they speak a funny language but it's quite easy to pick up. The weather isn't great and on weekends the local youths provide some very bloodthirsty caveman-like entertainment in the form of streetfighting. Wigan also has some great looking birds who go over like bambi on ice after a couple of Blue Wickeds.

That is my advice. You will have good fun (not in the job granted but hey beggars/choosers etc), and you will get to keep your 40000 bucks.

Which you will undoubtedly spunk should you persue a career in trading.

Your last two lines are frightening.

Stay away for your own good.

Alternatively - come in and be eaten
 
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