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Re: GEN: Advice for Beginning Traders



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RTs:

Me again.

It seems most people got a little upset by Essan's post. He of course is no
longer here, and I can't respond for him. However, I took it all to mean
that trading is what you make it. That's not to say OatTrader doesn't help
his students, it just means that you don't need RT data for every market,
200 new books and 10 new pieces of software including TS2000i to trade and
5 gurus to call your trades.


MY POINT:

What you need is money to learn, some charts, some books,  a good sized
account and patience. 

At the moment, I'm waiting to build up my account to where I'm happy. I
have scored big in the past (big to me is only over $3000 profit on one
contract/option) and I've lost much money, too. I also bombed on my one
month trial at daytrading, even if I think my methodology has merits. I'm
just not comfortable taking greater than 5% risk anymore.

If anyone remembers Gwenn Ael Gautier, she traded a couple systems with a
discretionary Elliot Wave overlay. But she didn't have enough capital and
had to go back to a day job.

For the beginners out there, you will either find some other quick and easy
way that I never have, or you'll find out the way I did.. the hard way. If
I can save someone the time and agony of going it blind, then these posts
are not in vain.

PG