Be careful dude.... the trading education world is a sea of sharks looking to separate you from your cash. Take a year or two to learn about markets and strategy development before putting capital at risk. Do your best to find reputable sources of advice. This won't be easy because of all the snakeoil sellers, some are very convincing. Be skeptical of anyone without a verifiable track record of success in markets (either their own success or their students success). This is a highly competitive arena... you don't just walk in off the street and start banking cash....
When a golfer was asked what he would score he would have to shoot to win, he famously said' the rest of the field'
Do yourself a huge favor, find another job. You don't realize that most have taken several years plus to become consistent. You going against HFTs, large traders automation and large traders manually who have done it for decades, some of the smartest people on the planet. Most wannabee day traders would give up their first born, wife and right "nut" just to make $50. Commissions will eat you up fast, if you paying more than a buck for 200 shares. Check these rates. https://www.lightspeed.com/pricing/commission/ At the wrong broker, you can easily be paying a couple thousand a month in fees if your active. I know of one guy who is a billionaire that made it in day trading, and many billionaires who made it longer term, this says much as how tough it is for day trading. I started in long term stocks for several years, then thinking day trading was going to be just as easy, but what I didn't know was the 80s was huge bull run, took me 7 years to learn how to do long term commodities and scalping, wish I never did day trading. You learn every weakness within your mental being that is bad, very very slow path to becoming consistent for most. Very few vendors worth it, if 99% could trade, they wouldn't be wasting their time teaching others for so small money. Way too many have unrealistic dreams of how much they need to pull in, takes years to just get to being a breakeven trader. Learn how to swing trade and options-credit spreads and hedging. http://thepatternsite.com/index.html learn like the back of your hand till "know it" instead of having to think about it. Good luck.
if you cannot watch a profitable trader at work....meaning sit next to him when he is trading, since you cannot watch them trading on TV, since they are not televised live, like the sports pros,THEN DO NOT GET INTO IT. i do not want to discourage you but 99% all new traders and all new businesses go bankrupt in the first year. it took me 12 years...to even have clue of what was going on, I had to go out of the maze of what is known as technical analysis. I should point out that if anyone takes money from you by misleading you in any area of the world, that person is liable for a jail term. if the same thing happens in markets, that person is liable for a bonus. so continue to venture into the markets but with both your eyes open. the market will mislead you into thinking it is going up and it will go down....unless you are able to withstand this charade without going bankrupt, you will never become a trader..... I lost 135000usd before I had a clue what was happening.... today I can look the market in the eye without fear and know what it will do. but please decide NOW whether you are willing to pay the price...a cover charge or admission fee, demanded by the market to join the most exclusive club in the world, The Profitable Trader's Club
You are a beginner and aim to generate 312% returns,are OK with penny stocks and look to lock in 5-10% within 1-2 sessions. Thank God for the stupid and uneducated, hopeless cases. Without you folks trading would be so much harder.
Yeah of course it has nothing to do with you that your company let an experienced IT veteran go to have him be replaced by an inexperienced, more highly paid, foreigner where the company has to bend over backwards to get that visa approved. Coupled with your claim that after 17 years with your employer you still did not make 6 figures and that you were replaced under the circumstances you described, could it possibly be that you are a total asshole or a complete retard? There is no way that anything you mentioned so far is remotely true.
Thank you so much. I was about to ask whether it is just me who is a total asshole and imbecile to berate others the way I just did, but I can't help it when I come across the idiocy displayed by OP. Am I the only one who either smells utter lies and a fraud or a complete idiot. Until I read your comments. Are there seriously multiple ET members who took what OP wrote at face value? How is that even possible? Are there really such few people on this site who know what they are talking about?
Sweet Bobby, 1. Do you have any verified proof, that teachers at Theotrade make money trading for the past +3 years? 2. Have you see the teachers trade in real time and see them make money consistently for at least 2 months? Thank you
I agree with Pigsky, Whoever or wherever you learn from, if the teacher can not prove to you he or she is making money with YOUR own eyes,you will lose a lot of time and money. I mean actually see them pull the trigger on a real account for at least 2 months.