I am a virgin! Well, to be precise, I am a virginal trader. Actually, I guess I just lost my virginity. I have worked exactly half a day as Proprietary Day Trader. Not a bad first day. I didn't lose any money! Profit? $3.50 (after fees) on $10,000 of capital. I am a student trader still. Need to earn $2000 of profit in one month to graduate and receive more capital to trade. I have been given complete freedom to trade any stocks priced under $30 on the Nasdaq, TSX, or NYSE. Minimum 100 share lots. I guess I can chose more expensive stocks, but with minimum 100 share lots this is risky.
I've been reading a lot about people's experiences on this forum and others. I am curious to know how many of you trade by yourself, and how many of you work for someone else. My suspicion is that those who start by themselves tend to do more poorly at first. Am I right?
Any further recommendation would be appreciated. Please, help me to succeed as quickly as possible. Thanks.
