SMB is the best
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You are new here? Looks like it is your first posting with this name but i am sure you are not that new, here.
But i like the way you thin, well done bro
What happened to VRSN? Hit the target? And then...?
Quote from newbie2010now:
You are new here? Looks like it is your first posting with this name but i am sure you are not that new, here.
But i like the way you thin, well done bro
Well Bro,yes I am new . I have spent a lot of time doing due deligence work for "international angel investors" and the prop trading sector of the financial services industry is something we have looked at and it seems that the money is in the "education ".
We will stick to honest to goodness trading of our own capital and not some newbie's cash wanting to become a pro. The internet is filled with all this BS . I am aware of one firm( non US) in the forex scene that claims for $20K you become a member , you have access to all the "experts" and are now allocated firm capital to trade forex with a profit sharing scheme. What it probably does not tell you is that you are actually trading your own 20K . Hopefully all the " in house experts" transform you into a pro.
Welcome to ET Bro, we need more honest traders like you here and less shillers and spammers like guys from SMB that think Elite trader is a free advertising place.
Looks like no one is any more paying 10k for SMB trading classes , and now with no budget they turn to ET boards and other free blog to attract uninformed newbies.
My 2 cents worth of advice to newbies is that yes, trading is not something you learn overnight or even a year or so. It is a constant learning process no matter how long you have been at it. The problem is not the systems , methods and training programs,but yourself. It is all about pure honesty.The ability to accept your faults and not blame every loss to the market, to my internet connection, my wife,my broker, my dog etc..When you take responsibility for your actions and accept the consequences then you are ready to take the first step in suceeding to become a pro. One other thing, not everyone can be a surgeon or an astronaut. I knew someone who dreamt to be a surgeon and worked hard at it the problem he had a phobia for blood and sharp objects. It took him a while to accept this,but he finally quit and went on to become a successful chemists.
In fairness to SMB and I know I may hear howlings and even be cruficied for this.
In my personal opinion, Mike's book One Good Trade is an honest and no hype picture of what trading is all about. It has no holy grail systems or trading secrets,but pure honest narrations of newbies wanting to become traders.It is a book I would truly suggest to add to your reading list.
Finally, I still don't recommend someone joining any prop firm that sells education as a way to trade "firm capital". I rather be up front and set up a Trading School instead and market it as a school and not a prop firm. As to SMB I don't have any personal knowlege on what they require to trade "firm capital" so I am the wrong person to make any judgements. All I can say is that I enjoyed Mike's book and if they do indeed require some form of capital contribution in order to trade the firm's capital then I rather not get involved,but you know what that is just me.
Mr Max: How could i work for SMB if i always laugh at their model?
I can assure you i dont work for SMB( read my previous posts). Now you tell me what made you to come here, create an ID and right away ask others if they know anything about SMB trouble?
Do you trade with them? If not why do you care if they are in trouble or not? Yes i heard from lots of traders that their plan to charge 10K to teach is not working any more, Their Wall Street Warrior movie lost its effect since all know it is just a show case and it was created to make a hype, i know they have problem to bring new traders aboard and get their 10K in advance,
So now you tell me what trouble you are talking about? But i am asking you to please be fair and do not spread any rumors.
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