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Earn While You Learn Trading Rooms

  #6 (permalink)

Elite Member
Western Slope+Colorado/USA
 
Futures Experience: Beginner
Platform: ninja
Broker/Data: NinaTrader Brokerage, Interactive Brokers
Favorite Futures: Coffee
 
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Posts: 22 since Aug 2012
Thanks: 37 given, 25 received


Gary65 View Post
Hello,

I am somewhat new to trading and am wondering if there are any good earn while you learn trading rooms on the Internet? I would prefer to pay monthly, since I believe that they would be more honest than the lump sum ones.

Thank you in advance!

Gary

I realize this is an older post, but I thought I would like to comment on it anyhow. I would pretty much agree with the last couple of posts here, in that you HAVE to learn trading on your own. I can attest from experience that trying to learn from someone else's methods is extremely difficult. If it were that easy to 'earn while you learn', then that's what EVERYONE would do, because hey, earning is what this is all about right?
I was a member of a trading room which will remain unnamed, and the moderator would call out "ok, I'm short....blah, blah price", or "I'm Long!!! GO, GO GO!!", and it just seemed so confusing and chaotic for a new person trying to trade. My biggest mistake was that I thought this was going to be simple, so I started with real money. Big mistake! I blew through about 10 grand my first month!! Fortunately, I quit that mess, and stopped trading for a few months and really took a step back and tried to figure out what it is I am trying to accomplish. I needed to decide whether I am here to try to "make a quick buck" or do I really want to build a long term, sustainable business. Because that's what this is, is a business, and you have to enter the market everyday as if you are the CEO of My Trading Business, LLC, have your game face on and be prepared for whatever the market sends your way. It's just that the problem with listening to someone else tell you when to take a trade and when to exit is, how will you trade when/if that person retires, or quits running a room? I'm not saying that there isn't any room out there that can't tell you when to enter and exit and that you won't make money, because there probably is. But most people will quit the room after a few losing trades and then won't be there when the moderator calls a winning trade, am I right? Most people will quit after a couple 20 tick losses that SOMEONE else tells them to take. And then when the moderator calls the 150 tick-rip to the upside (which if you know what to look for in the market you would enter yourself!) they have left the room, sad about their $400/per contract loss of the day. I'm pretty new in the market, and I'm paying my dues like everyone else, and I'm not claiming to be an expert my any means. I'm just giving my two cents worth and an insight to my experiences in the markets thus far.

Thank you for taking the time to read my post.

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