Trading against the Pro's?

Discussion in 'Professional Trading' started by rasblake, Mar 30, 2006.

  1. fhl

    fhl

    Trying to see how much you can get and how little you can give is a losing proposition, not a winning one. :)
     
    #11     Mar 30, 2006
  2. Exodus

    Exodus

    Depends on the mentor.

    Most profitable traders will not take you on unless there is something in it for them and the risk of their edge being lost is not worth it to most.

    Can it be done sure but it will cost u much more then 10k one way or the other.
     
    #12     Mar 30, 2006
  3. Just a comment (whoda thought, LOL)....Number 1 above is so much better for so many reasons, but primarily, since there is a finite number of those who have the ability to become successful traders....it makes more sense to work really hard to help these traders stay with you (make Money)...than to have the proverbial "revolving door" strategy that retail firms use...(you can tell by the amount of advertising money they spend)..... I'm happy that we have had some of the same traders for 14 years or more....

    And....discretionary traders don't even think about "ROI" as you said, what good is 25% on $10K....traders are like anyone else, they need to make good $$ to survive and thrive....and they get "paid" for their efforts, skill, discipline, training, etc. etc. "Idle" money is looking for ROI.

    All the best,

    Don
     
    #13     Mar 31, 2006
  4. Life is about risk. If you don't take the risk, you will never know. If you wanted to see whether or not you will succeed in trading then you have to try it. Worst comes to worst, you will lose $10k just to find out if trading is suited for you. There's a price for everything.

    My advice is to have enough money saved up for at least a year. If you don't make it in trading you can always do something else.

    best of luck!
     
    #14     Mar 31, 2006
  5. romik

    romik

    No Pain, No Gain
     
    #15     Mar 31, 2006
  6. fhl

    fhl

     
    #16     Mar 31, 2006
  7. there is the age old wisdom given to new traders.........start slow, trade 1 contract or demo trade and all of that old stuff.......no one does that unless he is a very unusual trader.........that is because of greed.......and ego comes in to play quickly, especially if beginner's luck is his........the sees all the secrets , patterns, etc..that no one else has "discovered"........then he steps it up and it starts to fail more often and emotion begins it's nasty little creep into the mixture as market shifts even from 1 day to the next.......so on and so forth.........he throws all the money he can afford at it and then finally he faces reality.......he lost.....somebody else now has his money in their account........... what % does this scenario happen.......?
     
    #17     Apr 1, 2006