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Experience at Live Trading Rooms

  #11 (permalink)

Paris, France
Trading Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
cunparis's Avatar
Posts: 2,565 since Jun 2009
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Big Mike View Post
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 and they can somehow beat the odds...

Very well said Mike. I thought I was smarter than that. I had always managed to figure things out quicker than everyone else. And since I was fortunate enough to have a lot of cash saved up, I didn't follow this advice. Two years later I wish I did.

If anyone asks me about getting into trading, I tell them pretty much what you said. You must trade only simulator until you're profitable for 6 months. Expect that to take 2 years.

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