So you want to be a full time trader
Read this
http://www.meetpips.com/members/TonyIommich/blog/28869-how-to-be-the-25-a-month-man
Many wanabes turn up at seminars, where the speakers are brokers or exchanges trying to replenish the cannon fodder stocks. Tneir objective is to get more to sign up for a lucrative career as Independent traders as members of the exchange.
The reality is masked. In the professional trader ranks, the attrition rate is 50%. It's more guns than roses.
Read the article onhow Marty Schwarz approach the career to get the better chance of success in the dog eat dog world of Local Participantship.
In particular, the need to trade to get a sizable grub stake of 292,000. "You need to develop a methodology that suits your personality". "I read widely on everything trading related. I am a synthesizer of useful concepts."
You see, when the broker points to some successful trader who clear trades with their firm, he is trying to impress you to sign up, stating stuff like how that guy made into the millionaire ranks through trading futures. In fact the broker is propagating bullshit. The way to success is to know YOURSELF, get the methodology that suits your personality. Have a good enough 'grub stake' so that the pressures of fear and greed don't pound your account to zero.
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