He's only miserable because he is not successful himself. I have asked him many times to post proof of his own trading (as he asks everyone for theirs and puts everyone down). I have yet to see a journal with screenshots, trading blotter or a track record from him. He's a fraud.
Jack thanks for the response its very informative. Do you know where Dons trader expo is? Im not to familiar with this event.
Don does not run the TradersExpo. Don is one of the prop trading gurus and sponsors this forum. See top of page for Don's contact info. There are three TradersExpos a year. 18 through 21st of NOV in Vegas (Mandalaybay); In FEB it is in NYC and in early Summer it is in the San Diego area. Check hookup part of ET or Google it. The schedule is posted on the WEB and there are bios of the presenters as well. There is no admission charge but there are some half day sessions that are fee based. A lot of heavy hitters attend, too. There is a panel of "Great Traders You Have Never Heard of" usually and there is live trading by some of these people. Most sessions have Q and A's and that is where you will be able to pick out knowledgeable people in the audiences. Over a four day period, you will be learning a lot since there are five sessions a day, as I remember. Check out the ET sponsors. Many of them have booths and several do presentations. Hospitality suites abound and go 24/7. Some outfits like ET also have booths. T shirts and DVD's and CD's galore!!!!
Don has the best URL in the biz.. http://www.stocktrading.com Most of your questions will be answered there.
Risk management is the essential element more than account size or any other ability or strategy. There are lots of successful traders making tons of money, however rate of success is very, very small i.e. percentage wise in low single digits.
I know a lot of people didn't like this post but I am not a newbie but never had any success in trading. I know most people do not like TZ but this post is very truthful. Enter the trading world with caution and a bankroll that can support you and your trading losses for 2 years. If you can't do that then think about working part time while trading.
You might not have liked it but TZ's reply was right on the money! "....Trading is a profession, not a high paying career for an untrained newbie who is not willing to put in the time, work and dedication......" If you're after a 'truly lucrative' fast buck on 'a small capital deposit' then try a casino, the odds are probably better! "Retitling this thread from "Truth for Beginners " to "Delusions for the Lemmings"", lol, sounds about right to me!
longhorns24 Don't let all the losers around here spoil your play. You can be making $5,000 per day in three to four months, it is not as difficult as these idiots make out. jjf