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The Electronic Local method

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Northern California
 
Trading Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
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imnewtrader View Post
as i have read your post, i was stuck with this phrase "I particuliarly like the fact that he told all of the beginners that 90% of people who attempt trading 10% who have been successful. And i believe that you are a great trader, can you please tell me some good things to start when you are just starting with this? thank you so much. i will be waiting for the reply!

Greetings imnewtrader,

Here's my 2 cents of advice for you........

I believe the reason that 90 % of people fail that attempt to trade is.......that they don't respect trading......they think because they have been successful in some other endeavour in their life that they will conquer trading with the same skill set that brought them their past success........sadly...the skill set in NOT transferable to trading. You need to develop a whole new skill set....this takes time. You need an excellent education in trading......but how to get it? Ultimately....you teach yourself.....you have to find out what type of trading is suitable for YOU. What market, scalping or swing etc.

Also.......while you are learning......don't use real money.......unless you are extremely wealthy....then do whatever you want. Most people only have a limited amount of "risk" capital........if you use all of your risk capital while you are learning....there won't be any left at the end of the learning process.

Before you risk real money demostrate that you have an "edge"........then perhaps there is a chance that you will succeed.

Good luck! Jeff


Last edited by Jeff Castille; May 4th, 2011 at 01:26 PM.
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