OP, (original poster) Be smart and join a GOOD prop firm. Put up $5000 and get $100,000 buying power and more importently TRAINING. benchmarqtrading.com
Quote from Kastro_316:Are you for real? That's what I'm wondering. Either a jokester or he's got poor reading comprehension or just a tradin' fanatic.
No. I'm fake. I'm forced to trade the way I trade because I have classes from 2:30-10:00 every tuesday and thursday.
Thanks for the website. I'm definitely going to consider this firm. Getting 20:1 is the type of leverage I'm looking for. What are the commission structures? Do you learn how to scalp there? Thanks for the advice.
Yeah man, definitely join a prop firm... your commissions will be much lower. and you might have some smart people around you to learn from... cheers! mnx
So what are you going to do if there is a bear market? Hope your not trying to limit yourself to just longs.
Leverage is a wonderful thing when you are building a business, and you have the necessary tools and experience to be successful. The only thing an inexperienced highly leveraged trader has is future debt.
I am sure a lot of traders got a chuckle out of your post. I know I did. Forget if you can about being rich. You are 24, cmon all I did was drink and chase girls when I was your age. Second and most importantly calling yourself a loser is silly. Never judge your self worth by material shit. Warren Buffet lives in a modest ranch home, is he a loser? Your life situation is irrelevant. Although if you want a girlfriend (questionable proposition) try asking a few girls out. Be bold!! As far as trading goes there are many paths for you. You may consider a job in the industry, start as a runner, back office clerk, work for a market maker, work for a Scotttrade, the possibilities are endless. My advice would be to read as many posts as you can to try to shortcut your mistakes. Leverage is a crowbar in any industry and it hurts a lot when it swings against you, ask any options or futures trader. There is lots of great information on career paths on this site. I would advise you to consider trading as a career first then you can scheme about getting rich all you want and get paid for it. LOL.