Re: So What Did You Learn At The Arcade.....
Sorry too labour the point but there are good trading arcades out there with good training programs that give the trainee the best chance of success. (not all graduates too answer the other thread)
As to the "good traders are too busy trading" line, well I know what you mean but it is not right. I know of an excellent spread trader who has for many years been making good money trading the short end both Euribor and Eurodollar but he has had enough of doing 14/15/16 hour days.
His way forward is too build a little trading team, teach the younger generation his methodology and trading patterns and then back them and take a percentage in exchange.
He still trades as he considers it important to lead by example and be "in the trenches" with the troops but he dosent trade the size he used too and he now works a normal day although is frequently on the phone.
As i said before, dont accept being pigeon holed and told what you are trading, also if someone tells you their training scheme is two months, avoid it, a rigid time frame doesnt work as people take too trading at different speeds. i
If they take on twenty or more trainees at a time, avoid it, this is a mincing machine with a low success rate guaranteed, look to the smaller bespoke trading rooms who give one too one or at worse two to one ratios of trainees too experienced traders. |