I'm interning at a small trading firm and would like to know: From your personal trading experiences what advice would you give a new trader?
Make sure you start your trading career with the right firm and experienced mentors that will work with you.
-Learn how to read the tape. -Money management will determine your staying power. -Look at the habits of those who win and those who lose. -Have a reasonable goal. Whether its per day/week/month. Stay small and disabuse yourself of the notion that you will own Chicago and New York in 6 months. -Compete only with yourself. Good luck.