New Trader Advice

Discussion in 'Professional Trading' started by cdowis, Dec 18, 2006.

  1. cdowis


    1. Open a account with thinkorswim for 5k or less. Learn how to use their software. Ask for the Random Walk Trading commission ($1.50 with no ticket charge).

    2. Each month do three or four one lot calendar spreads -- equities and index. To learn about calendars, see Dan Sheridan's webinars at

    3. Do this for a year, until you are good at it.
  2. 1. Join a prop. firm

    2. Watch and learn from top traders in the firm.

    3. Trade small size.

    Don't go through all the vendor stuff. Exchange sponsored training is generally a lot better than retail training material.