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I can only second Earl's advice.
I would add that you shouldn't expect to make money in the first years.
learning to trade is like learning to play professional golf. It takes
practice practice practice. The smaller you trade initially the more time
and ammunition you will have left to try again and again until it starts
dimming what it is you can for in this world of trading. If you can to make
x thousand dollars in six months, forget it right now. If you do make x
thousand dollars in the next six months, by all means don't start believing
you are something great, just consider so far you got free tuition, and more
ammunition to continue your training.
There is no relationship with first year results and your value as a trader.
What will be most useful is to learn what you want to do (rules) and why (be
in phase with yourself), how to implement it (plan), how to remain
consistent (discipline) and emotionless (facing fear and greed), renew the
process all the time (past history is no guarantee of future success, your
big test is always ahead).
Bonne chance et bon courage,
Gwenn
Earl Adamy wrote:
> Fair enough. I've copied below some thoughts I've offered previously re
> learning to trade futures. I would avoid the entire list of commodities
> included in the original post ... they are not only volatile but most
> are traded in the NY pits which I try to avoid. I would suggest sticking
> with the Chicago markets ... bonds and grains and the mid-Am exchange
> offers smaller sized versions of the big contracts which are good for
> getting the feel of futures.
>
> Earl
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