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Old Aug 2nd, 2012, 04:42 PM   #1
johnstac
 
 
Join Date: Feb 2006
Posts: 69
I am a newb. Not in its purest sense as I have traded on and off for years but the only reason it was on and off was to recoup losses.

If your friend came into the market today with your $25K and no experience and insisted on trading something, what would you tell him to begin learning? There are many choices. Are there any that are easier to learn then others?
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Old Aug 2nd, 2012, 05:08 PM   #2
oldtime
 
 
Join Date: Jun 2011
Posts: 7,479
Quote:
Quote from johnstac:

I am a newb. Not in its purest sense as I have traded on and off for years but the only reason it was on and off was to recoup losses.

If your friend came into the market today with your $25K and no experience and insisted on trading something, what would you tell him to begin learning? There are many choices. Are there any that are easier to learn then others?
what are planning on trading? Stocks? Forex? Commodities? ES? Options?
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Old Aug 2nd, 2012, 05:17 PM   #3
oldtime
 
 
Join Date: Jun 2011
Posts: 7,479
otherwise, I try to be nice to other brokers, but the min at interctive is 10k, so you have that covered, and that's who I would open with.

Plan on paper trading for 6 months

to each his own, but 25k is more than enough to trade forex at ib

start with just 25k units.

forex is very simple

the problem with other vehicles is 25k can be a little tight

ag spreads are also cheap

ask more specific questions and you will get better answers

not many make it trading ES regardless of how much they start with
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Old Aug 2nd, 2012, 08:10 PM   #4
Wide Tailz
 
 
Join Date: Sep 2011
Location: California
Posts: 1,875
Quote:
Quote from johnstac:



If your friend came into the market today with your $25K and no experience and insisted on trading something, what would you tell him to begin learning?
1. Deposit $5k with Thinkorswim / TDA so you can open a sim account

2. Pick up Trade Your Way to Financial Freedom, by Tharp

3. Follow the instructions in the book

4. Back test whatever ideas come up

5. Gamble away (lose) the $5k to respect risk management and the need for a system

6. When the sim account / back testing shows something that makes money, reload the account with another $5k and go live.

7. Rinse and repeat.

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Old Aug 2nd, 2012, 09:11 PM   #5
BlueTurtle
 
 
Join Date: Jan 2012
Posts: 569
For 20,000 i can teach you what no book will ever print!!

The secret to trading. It has never been discussed here.

I have been perfecting this method for decades.

Then, take the 5,000 left and open up a sim account.

i will chat with you for up to one month after my training.

Then, and most important, get more money:

Because my part 2 course is 10,000 and it teaches the most important rules of all.....
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Old Aug 2nd, 2012, 09:16 PM   #6
JuniorCTA
 
 
Join Date: Jul 2010
Posts: 335
Quote:
Quote from johnstac:

I am a newb. Not in its purest sense as I have traded on and off for years but the only reason it was on and off was to recoup losses.

If your friend came into the market today with your $25K and no experience and insisted on trading something, what would you tell him to begin learning? There are many choices. Are there any that are easier to learn then others?



You might want to start by not trading at all for 1-2 years. Just pay for real-time/historical data and play with that until you find something that makes you confident enough to actually risk capital.
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