The reality is, anyone who is trading with $2,000 should be considering it as tuition money. No market, commodity, etc. should be considered as providing an inexperienced, learning trader the ability to MAKE A LIVING trading $2,000 of capital. Let's see to make a paltry $4,000 a month to live on, I only need to make 200% per month. Gee that's should not be so hard. C'mon be real.
The 25k rule has taken the ability for the new trader to LEARN and gain experience in a live market with a limited amount of live discretionary capital. I only wish I had used a smaller amount of $$ and traded smaller size when I started. My "tuition" would have been much less.
I am not sure of the details of this program but if I deposit $2,000 and get 4:1 leverage, I can trade 300 shares of a $25 stock and fortunately there are plenty of them now that offer good trading opportunites for the learning trader. If I can make 13 cents on the trade, I scratch after commissions and passthrus. Will I make 13 cents on every trade as a new trader? Hell no but I should be able to on a lot of them if I use good consistent set-ups and don't worry as much on risk/reward for now (ie I take quick profits) and take even quicker losses.
It's all about learning at this stage and $2,000 IF MANAGED WELL, could provide an extended learning period for me trading live capital that I would otherwise not have the ability to gain with the new rule. The fact that Guy however is making money off me in a "risk-free fashion" (not true since I could blow up more than 2,000 intraday) should be irrelevant to evaluating the opportunity IMO.
And finally, for those that have traded both stocks and derivitives, tell us HONESTLY which you would feel more comfortable and would be more beneficial as something tradable for the LEARNING CURVE period.
The 25k rule has taken the ability for the new trader to LEARN and gain experience in a live market with a limited amount of live discretionary capital. I only wish I had used a smaller amount of $$ and traded smaller size when I started. My "tuition" would have been much less.
I am not sure of the details of this program but if I deposit $2,000 and get 4:1 leverage, I can trade 300 shares of a $25 stock and fortunately there are plenty of them now that offer good trading opportunites for the learning trader. If I can make 13 cents on the trade, I scratch after commissions and passthrus. Will I make 13 cents on every trade as a new trader? Hell no but I should be able to on a lot of them if I use good consistent set-ups and don't worry as much on risk/reward for now (ie I take quick profits) and take even quicker losses.
It's all about learning at this stage and $2,000 IF MANAGED WELL, could provide an extended learning period for me trading live capital that I would otherwise not have the ability to gain with the new rule. The fact that Guy however is making money off me in a "risk-free fashion" (not true since I could blow up more than 2,000 intraday) should be irrelevant to evaluating the opportunity IMO.
And finally, for those that have traded both stocks and derivitives, tell us HONESTLY which you would feel more comfortable and would be more beneficial as something tradable for the LEARNING CURVE period.
