Well said Dave. Let me add to those that have encouraged newer
traders to trade small. There's nothing wrong with using your
system or analysis to trade 10 shares of something -- especially if
it's SRS or SKF! Trading always sounds like it would be great to
just start out and make a ton of money quickly. IMO the truth for
many traders is that if they manage to not blow their accounts out
for the first few years of study, practice and learning they will
be doing better than most -- it's not easy! It should be thought of
as study towards a career path rather than a trip to Las Vegas.
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Well said Dave. Let me
one thing I've noticed is that the posters on the ...
Posted by bkout3 on 24th of Mar 2009 at 10:49 am
Well said Dave. Let me add to those that have encouraged newer traders to trade small. There's nothing wrong with using your system or analysis to trade 10 shares of something -- especially if it's SRS or SKF! Trading always sounds like it would be great to just start out and make a ton of money quickly. IMO the truth for many traders is that if they manage to not blow their accounts out for the first few years of study, practice and learning they will be doing better than most -- it's not easy! It should be thought of as study towards a career path rather than a trip to Las Vegas.