How should a newb trade 50 K

[proedge_joe]

http://www.scs.northwestern.edu/pdp/npdp/trading/index.cfm

 

[mustang]

Go somewhere like www.onlinetradingacademy and buy some class materials or take a class. If you have 50K why do the prop thing. I'd suggest a retail direct access firm and learing at your own pace.

 

[tradewiz50]

Quote from mrfong8:

i am licensed, and i don't have to deposit that much, that's how much i have altogether including my checking .

yea, seems like most people do get burned out within a year, i will work hard at it but i am not looking forward to beat the odds.

So i decided getting another job, i do have a college degree.

any job that pay between 1000 to 1500 a month will do me pretty good, then i don't have to fight to try to make up for the desk fee.

So my strategy now is to sit tight, wait for a year ........

thanks everyone

Keep your 50K in the checking account. Develop a system that suits your trading style. No one can tell you what your style is. All we can do is make suggestions. Paper trade that system till your at least hitting 70% of all your trades. Then open an account and trade 100 share lots to get your feet wet. Eventually you can increase the size till you have a blow up day.

 

[InvestorTerry]

I think I would back away until I have a system in place that you can consistenly make money with and not blow my 50K.