If hes that stupid to start live trading without learning how and why the markets move, and not using to SIM trade first till he finds a strategy that works, then let him blow is acct. He deserves it..
Thank you all for the comments guys. Really helpful. Thanks!!! I am a new guy, not multi-alias. I wanna ask one specific question. I observe the sp500 curve for several days. For a single day, let's exclude those days with fairly obvious trend. Then the curve seems completely random at any point for a single day. You just have no reason to buy or sell a contract!!
when you trade a stock, you at least know when you buy, you are expecting the company will earn more in the future, right?
I'm sorry if this sounds harsh but your an idiot and you deserve to loss all your money. For fun, next I recommend jumping into the cox pit of a Boeing 747 and take that out for a joy ride with no experience and let us know how that works out for you.
Let me correct you, idiot. "I'm sorry if this sounds harsh, but you're an idiot and you deserve to lose all your money." LOL and the OP, pay an educator all your money to teach you the ways of the market. idiot.
Says the guy that was virtually a cult member of Jack Hershey's and still doesn't trade to this day The Swordsman (R. Raskolnikov) is a great example of the stages a Hershey trader goes through while studying Jack's "teachings." Stage 1 -- Eagerness and Ingratiation licking my chops as i only get better yes, agree jack and spyder are great, jack is a little tough to follow but his teachings, once untangled, are very helpful! http://www.elitetrader.com/vb/showthread.php?s=&postid=1563544&#post1563544 Stage 2 -- Delusion and Defensiveness Im sure you probably didnt know this but actually on the very first page of the "Spydertraders Jack Hersheys Futures" thread there are links to many pieces of info for people to do their due dilligence first, ranging from the terminology to concepts to just basic background info. Anyone who read that stuff and continued on would never been seen as following a guru blindly. And it cleary states that one should read all the associated links before moving on. http://www.elitetrader.com/vb/showthread.php?s=&postid=1862711&#post1862711 Stage 3 -- Denial I've repeatedly told you I don't trade SCT only that I asked some questions over a year and a half ago http://www.elitetrader.com/vb/showthread.php?s=&postid=2082939&#post2082939 Stage 4 -- Acceptance Not once have I ever spoken to Jack Hershey and for all I know he's a shitty trader like you all say. http://www.elitetrader.com/vb/showthread.php?s=&postid=1753104&#post1753104