Need some help/advice/direction

Discussion in 'Prop Firms' started by Juice is I, Oct 18, 2009.

  1. exaltedangel09

    exaltedangel09 Guest

    Don't get too cocky cause you flipped $300 into $5k.
    Returns are not scaleable in trading...
    Can you do that with $300,000? I doubt it.

    So what are your options right now?

    A) prop shop
    b) day trade at home
    c) finish up CMT

    If you can find a prop shop with low training fees (check craigslist) go with them.. it will be worth your $.

    To the guys saying 'TRADE FUTURES' don't listen to them. You need training man, your chance of success day trading futures/stocks by yourself is perhaps 1%, your chance of suuccess with a prop shop is more like 10%.
    Also keep studying the CMT.. however as you learn more about the markets, you'll see that technicals.. mean jack all.
    The choice of yours on which % you choose to be on.

    --I'm a High frequency trader, and trading is one of the hardest jobs ever I've had to do.. your young.. so you got the energy and youth inside you.. you also sound motivated + ambitious so that's a plus too =)
    Didn't mean to come off ignorant/arrogant.. but I tell the biz the way it is.. not the way you want it to be... good luck --
     
    #11     Oct 22, 2009
  2. Im not bragging i turned 300 into 5000 b/c i know its a shot in the dark to do it again. Im just making a point that i have gambled and i have learned many lessons. I am ready to progress to the next level, whatever that may be, wherever that may be. so you are a high frequency trader? Isn't that just a nice name for a scalper? If you think T.A means jack shit then im guessing you think fundamental analysis doesn't mean much either? I bet there are a few ppl that disagree with your assumption on T.A. Maybe you are just wet between the ears for all those liquidity points you score. You say it like the way you see it, not that way it is.
     
    #12     Oct 23, 2009