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Experience at Live Trading Rooms

  #10 (permalink)

Hartford, CT. USA
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: RTY
 
RJay's Avatar
 
Posts: 684 since Jun 2009
Thanks: 741 given, 760 received



Big Mike View Post
No trading room can teach you how to be profitable.


The best thing you can do is set aside all your money and make a promise to yourself that you won't spend a single dollar trading for at least 24 months from today, if you are just getting started. Then spend 60-80 hours a week for the next 2 years learning. But since most people think that doesn't apply to them

Everyone loves to make excuses for why something went wrong, but 99% of the time the trader is at fault and whatever excuse they make is pure crap. These are the traders that will fail ultimately. 95% of all traders do fail.

Trading is both the easiest thing to do and also the most demanding thing you've ever done in your entire life. It can ruin your life, your family, and everything you touch if you don't respect it, or it can change your life, your families, and give you a feeling that is hard to find elsewhere if you succeed.


Mike

Mike,

I'll be 24 months in the learning seat at the end of January, 2010.

Every couple of months I look back and say WOW!!! How much I've learned!!!!

I actually think I may nearly be there!!!

I just need to get this Volume/Time/Ticks thing down.

So much R&D, Time well spent. I hope!!!

I'm only going to get one chance at this... No reason to be hasty.

RJay

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