First post, I'd love feedback - Beginners and Introductions | futures io social day trading
futures io futures trading


First post, I'd love feedback
Updated: Views / Replies:2,104 / 10
Created: by Hoorah55 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

First post, I'd love feedback

  #1 (permalink)
Trading Apprentice
Sacramento CA/USA
 
Futures Experience: Beginner
Platform: None yet
Favorite Futures: stocks
 
Hoorah55's Avatar
 
Posts: 13 since Nov 2012
Thanks: 6 given, 2 received

First post, I'd love feedback

Hi there, thank you for reading! this is my first post and Im excited to find a new forum full of information. I actually have a boat load of questions because I am fairly new to the financial planner/advisor world, but in time Im sure ill have the chance to ask them all.

My Background:
21 years old, full time student, not a lot of cash to play around with in investments yet ($2000-ish), no student loans

-Primerica: I was picked up in 2011. I joined a year ago to learn everything I could about finance, not to be a salesman (yet). I feel like I got a steal, because the education I learned was priceless and cheaper than any college class at my state school. Today I hold a life, health, and accident insurance license, a series 6, and I'm just about at the finish line to take the examination for my series 63 this month
-Rich Dad Poor Dad: I went to a 3-day seminar and was greatly turned on to options trading. The way my speaker presented options seemed to me like the aggressive-no-wussies-allowed attitude of trading, and I kinda like that. I was not going to pay 20-80K for classes though. I figure if Im resourceful enough I can find that information/mentorship elsewhere.
-Various books: Jim Crammer, The little book that beats the market, rich dad poor dad, Trading in the shadow of smart money (tradeguider.com), various articles and guides, think and grow rich, EnterpriseCorruption(dot)com, etc etc. (any suggestions to read??)***


The finish line for me is this, let me paint the picture:
-Have a CFP, or CFA
-Have a real estate license to buy, hold, accumulate, and rent-out real estate homes
-Options trading experience and knowledge for personal gain
-Work for a quality company and build passive income with AUM

This is the game plan I have for now. After I finish my series 63, I was hoping to go door to door to IAs around town and ask for mentorship (like fidelity, charles schwab, UBS) and get a direction from them (same thing Im asking you).

To get to my finish line, what things would you suggest for me? What are good books/authors to buy from? What scams and disinformation should I stay away from that you ran into? Who are big player names that I should watch and study? If you're familiar with Primerica, what are good reasons to leave and work for a company (like fidelity)?

I appreciate the time everyone takes to read my life's story. Any feedback is greatly appreciated and I hope to give back as I surf through this forum.

Reply With Quote
The following user says Thank You to Hoorah55 for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Trading Apprentice
Sacramento CA/USA
 
Futures Experience: Beginner
Platform: None yet
Favorite Futures: stocks
 
Hoorah55's Avatar
 
Posts: 13 since Nov 2012
Thanks: 6 given, 2 received


Excellent reply, thank you so very much!

I like your gut check to see if finance is the place for me to be in.


Quoting 
The smart interviewees are the ones who come prepared knowing this, so have already convinced themselves deep in their heart and soul that they have a passion for finance.

I've felt a passion towards this for quite some time (I used to envision myself doing this work since a young age), the persistence is in me to walk the long road. Interviews can be challenging, but thankfully I have the help of a CFO next door to help me get over those nervous speed bumps. Couldn't be more grateful to have him next door and actually like me. One thing he recommended is to understand accounting like it was a 2nd language, that was his 'specialty move' growing up. Do you have any opinions on developing accounting skills, or is that something I should wait for in upper division college?


Quoting 
I think this gives you an idea which securities firm I am talking about; it is one of the three that you listed.

haha


Quoting 
Go do your research about the firms' training programs at Wall Street Oasis

I didn't know about this resource, thank you for the heads up



Quoting 
If you have a science or engineering background, and want to be a quant, it can be an advantage

I was thinking of investing some time later into web design and computer science. good idea/bad idea?



It's strange though, I've google'd a few of the IA leaders here in my city for their qualifications and they all have the 6, 7, 63 & 65, with a CFP as a kicker. Since I'm not coming out of a big name university (I go to a state college), would it benefit me more if made the time and effort to accomplish these licenses before that interview? Does that separate me from a good chunk of the rest?

How much would this kind of experience help me in a job interview?
Say I take the company I have now and I sell some finance products and make a buck as an IAR (get a year or two of sales experience under my belt). Eventually I build up a customer list, and I gather AUM for mutual funds. Would it be impressive to say I have $1, $5, $10 mil AUM in an interview? I also have a pretty solid reputation in my community knowing a good amount of people who would trust me. How much value would someone in the big chair put on traits like AUM and large prospect lists? This kind of stuff doesn't do much with knowing what stocks to pick, but I'm wondering how much value can be placed on things like these.

Reply With Quote
 
  #4 (permalink)
Trading Apprentice
Sacramento CA/USA
 
Futures Experience: Beginner
Platform: None yet
Favorite Futures: stocks
 
Hoorah55's Avatar
 
Posts: 13 since Nov 2012
Thanks: 6 given, 2 received

and before I forget, a million thanks for recommending those books. I'll get started on them

Reply With Quote
 
  #5 (permalink)
Elite Member
Palm Beach County
 
Futures Experience: Advanced
Platform: OEC about to change to Ninja
Favorite Futures: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 89 received

Thanks to the OP for creating this thread.

Thanks Artesimo for your very useful responses.

I have asked my son (20) to read this thread as it is a real eye opener .


Trader

Reply With Quote
The following user says Thank You to Family Trader for this post:
 
  #6 (permalink)
Trading Apprentice
Sacramento CA/USA
 
Futures Experience: Beginner
Platform: None yet
Favorite Futures: stocks
 
Hoorah55's Avatar
 
Posts: 13 since Nov 2012
Thanks: 6 given, 2 received

You got me to laugh with
Quoting 
It will look on your resume like a sales job at Mary Kay, regardless of what you had done in it

I think my father will enjoy that line, for he too has a similar opinion on this company. The day I signed up for it, he told me to 'Just ride the company for their discounted education costs, get your practice in for the licenses, and get out'. At best I'm an IAR/agent at this company, but I want to be a CFP/IA. Spending a year with this company, I actually exploded my beginners knowledge about finance, so it wasn't all bad. Before this I had no idea what an IRA, Pension, or even what a SRO was (and now I know them all in detail). I do loose all my licenses as soon as I sign the U5, but getting them back will be a lot easier because I retained a lot of the info I studied. But I take no offense, because calling it a mary kate system is actually a great way to put it.

I will look into Zions Bank, but it will take me a day to get a good research in on the company.


Quoting 
Thanks to the OP for creating this thread.

Thanks Artesimo for your very useful responses.

I have asked my son (20) to read this thread as it is a real eye opener .


Trader

Very welcome, but give all the credit to Artesmio for making this thread what it is. I plan on printing out this thread to show others


thats all I have for now, let me order some books, research Zions bank, and ill come back later with another question

Reply With Quote
The following user says Thank You to Hoorah55 for this post:
 
  #7 (permalink)
Membership Temporarily Revoked
Toronto Canada
 
Futures Experience: Advanced
Platform: excel
Favorite Futures: stocks
 
Posts: 10 since Nov 2012
Thanks: 0 given, 4 received

Hoorah55, you definitely sound like a very ambitious person! My one piece of advise would be to not advertise the Rich Dad course and books. From what I gather, the industry doesn't have much respect for the Rich Dad series. And the philosophy of 'don't diversify' would go against the beliefs of the vast majority of IAs. Good luck

Reply With Quote
The following user says Thank You to bartokInD for this post:
 
  #8 (permalink)
Trading Apprentice
Sacramento CA/USA
 
Futures Experience: Beginner
Platform: None yet
Favorite Futures: stocks
 
Hoorah55's Avatar
 
Posts: 13 since Nov 2012
Thanks: 6 given, 2 received


Quoting 
My one piece of advise would be to not advertise the Rich Dad course and books. From what I gather, the industry doesn't have much respect for the Rich Dad series. And the philosophy of 'don't diversify' would go against the beliefs of the vast majority of IAs.

Good advise, though what I take away from him is the idea of what he describes as having 6 intelligences to be a better individual in finances. Plus his idea of 4 green houses 1 red hotel (monopoly) interests me to build a vehicle of wealth that can pay dividends (rent) for the remainder of my life :] Rich Dad Poor Dad also goes strongly against mutual fund investing which I don't agree with 100%

As for diversification, right now Im studying the philosophy of John Templeton for long term investment. He's got some really good ideas for diversifying.

Reply With Quote
 
  #9 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

You've lucked out. Here's the real scoop on "Rich dad/poor dad":

John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad
Rationalizations received by John T. Reed re false statements in Rich Dad, Poor Dad by Robert Kiyosaki

Other "gurus" ratings by Mr. Reed:

John T. Reed's view of various real estate investment gurus



Great to the point info and books on real estate:

John T. Reed Publishing Home Page
Real estate artist B.S. Detection checklist

Reply With Quote
The following user says Thank You to Cloudy for this post:
 
  #10 (permalink)
Trading Apprentice
Sacramento CA/USA
 
Futures Experience: Beginner
Platform: None yet
Favorite Futures: stocks
 
Hoorah55's Avatar
 
Posts: 13 since Nov 2012
Thanks: 6 given, 2 received


Cloudy I've been duped

thank you for the enlightenment, I'll spread the word to friends who have also read his book.

Reply With Quote

Reply



futures io > > > > First post, I'd love feedback

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Love liberty? You might be a terrorist kbit News and Current Events 1 November 3rd, 2012 12:38 AM
Love is Blind kbit Jokes 0 April 13th, 2012 09:52 PM
California Love Story kbit Jokes 0 February 19th, 2012 05:47 PM
Buffett May Not Feel Much Love at His 'Woodstock' Quick Summary News and Current Events 0 April 29th, 2011 01:20 PM
Love Big Goverment??? RJay Off-Topic 0 September 20th, 2009 12:41 PM


All times are GMT -4. The time now is 03:14 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.14 seconds with 19 queries on phoenix via your IP 54.226.172.30