Quote:
Originally Posted by Sauron5
You seem like a reasonable (or at least friendly) person, and I hope you don't lose too much money over this. My advice is to set goals as far as how much you hope to 'earn', and never be afraid of letting go if it's not working out. Trading can often resemble gambling. At the very least, don't tie yourself you one single company who's going to make you rich.
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I absolutely agree! Goal-setting is essential. Fear and greed are your two worst enemies here. Knowing when to get in and out of trades is also something I work on a lot with the training. This type of system does take the 'gambling' aspect out of it though. I wouldn't be doing it if it was like a trip to Vegas. It's a new profession for me, with its rules and practices that are best observed. When you manage the risk, it's no more risky than any other job, and a hell of a lot more profitable and advantageous. However, I do realise that Ferraris aren't going to drop out of the sky and into my lap with this. It's like any other skill you develop, it takes a little time. More for some than for others.
And there's no need to tie yourself in with a company. I'm using one for training purposes, but I can use any brokerage firm (or firms) I like. The whole point of this, for me, is to achieve freedom, flexibility and independence.
It's been good talking with you.