EMG , when your parents wasted their hard earned money to get you that " higher education" that you supposedly received . Well I am just wondering, how much did it cost mama and daddy to send you to school to teach you how to have 20+ user names and post non stop BS all day? Does your teacher pay you per post? It seems you have alot to learn not only about trading but life in general.
The ONLY thing you need to be successful in trading or running a business is common sense and know how to add and subtract. Common sense is much more valuable in trading or running a successful business than any college degree...Common Sense IS the HOLY GRAIL!
Here is an interesting statement from the SEC: http://www.sec.gov/investor/pubs/daytips.htm Be prepared to suffer severe financial losses Day traders typically suffer severe financial losses in their first months of trading, and many never graduate to profit-making status. More than 90% of small traders lose! They just lose!! Higher Education will help u become a successful trader HIGHER EDUCATION!
To answer another Thread question: http://www.elitetrader.com/vb/showthread.php?s=&threadid=241274 the answer really is
Here is an interesting Dave Ramsey's Video <iframe width="420" height="315" src="http://www.youtube.com/embed/BWIpTdg7tj8" frameborder="0" allowfullscreen></iframe> Dave Ramsey - Day Traders Lose Money 7 Out Of 10 Times - Let the Pro's Manager Your Money with a long track record on a Mutual Fund that will average between 10% and 12%!
Earning outsized returns on capital is a highly competitive field (as it should be) with most successful having the greatest dollar weight in pushing prices towards perfect efficiency, so common sense isn't going to be enough.