Here is what I would recommend.... Learn quantative methods... By reading as many books as you can find.. in the mean time trade extremely small. So small it's boring...if you have 10k to trade.. then use positions that only have a variance of +50 to -50 ... Trade on the largest time frame.. if not only to learn patience... You like most everyone else starts out the same way just to learn the hard way about the facts of trading... It's not sexy and romantic... It's a grind... If you can't make money trading extremely small then more money will only hurt you
Getting some money
- Thread starter Scalperten
- Start date
At first I was very serious as well... but then I read that you want to borrow 20k to start trading as a newbie with no experience...
you can call my response whatever you like... but it's a dumb thing to do...
Not trying to be rude, but don't you realize that the guy in the 2nd link with the way he writes sounds like a troll? I just find it hard to believe some people actually would believe he was being real.
You're not going to survive if you can't handle a little criticism. I've been told worse things. It's a dog eat dog eat dog world out here.
When you have a good job - your chances of getting wealthy are much greater if you keep your job and swing/position trade ETFs/equities while adding as much to your account as possible until you have traded your way up so you can live off it for a few years. Traders do much better when they don't have to make money from trading - it's a well known paradox. Using money you made from the market already gives you an edge going in, and you will need it. Best of luck to you 
Robert Morse
Sponsor
Borrowing money from a bank or credit card to trade is a VERY bad idea.
I disagree with you. Not everyone was born with a wealthy father or even friends to obtain trading capital.
Some folk need to borrow money to get started. I mean, what is worse, borrowing and losing it or working your ass off for 2 years then losing the money? If its borrowed, at the worse you can BK and start over. YOU WILL NEVER GET THE TIME BACK working for the lost money!! Just trying to show reality rather than the fantasy land of elite trader.
Robert Morse
Sponsor
If I borrow off my credit card, I need to make a 15% return to just break even, and CC fees are not a business expense vs trading income. Most traders can't hit 15% per year, let alone someone with minimal funds and the pressure to cover those fees.
Wow. This is fantasy land. You think BK is a clean slate?
Don't try to get rich fast. To paraphrase a quote from the only honorable character in the movie Wall Street: "IBM wasn't built in a day."
Truth is, and I know it hurts people who make a living from the NUMBER of transactions conducted, undercapitalized folks HAVE NO CHOICE but to go for broke on the first trade or 3. Double or nothing-- grinding away with $5000 in your account is slow death-- might as well try to double it.
Once again, this is market reality-- fortune favors the bold, not the meek grinder UNLESS the grinder is well capitalized then its a different story.