" BIG TRADERS " = Irrelevant ?
Fact : Circa 90% of readers here trade with start up capital of less 10,000 .
So who do we want to LEARN from ? the guy who turns 1k to 5k in year and KEEPS that over 2 years or the would be * Big * trader who punts with a SU of 200k , but only manages say 50k pa ?
It is obvious that the small guy is completely relevant to us and that the so called big trader is irrelevant ? WHY ?
1) First off , if you don't have that sort of SU capital , then don't even think about it . You will have to start small with whatever you have then IF you are successfull you can MAYBE move up .
2) The majority of small traders will be using SB firms , larger traders will use Brokers
3) We have to use SB firms because the margins are so much smaller . So $10 on the Dow would be margined at 250 x bet = $2500 . A similiar size bet on the emini dow would margin you at $10,000 per contract !
You can see that the margin cost with brokers is 4 x MORE than with SB firms ! something that smaller players CANNNOT ignore.
Before you even start with a broker you would have to cough up $10,000 , and that will increase if your trades lose money.
For that money , you can play with four times the size with an SB firm!
4) Of course there are problems , the service , software etc from SB firms can be substandard . These have been well documented . However , it still a big plus to have such lower margins . Also , there are things you can do to mitigate : you can change SB firms , more and more are starting up - take advantage of that , you can of course publish their sins right here ! They fear nothing more than losing face !
5)Brokers are far from perfect , they can be just as useless . remember there are staffed by frustrated idiots who want to do what you do ! but ain't got the goolies for it . so they will mess you up at the drop of a hat . I have experienced: charts with only line charts and NO indicators whatsoever and for INTRADAY only !
So much for brokers having best software.
6) All of us with SBs would love to 5x our SU capital , anyone who says otherwise is a liar !
Therefore our small guy has a lot to teach us - the subtle art of supersizing profits and maximising leverage with small capital -the essense of great trading.
7) your so called big trader , well what can he teach us ? do we want 30% from our less than 10k stake or 400% ?!
the answer is as obvious as a 10 ton truck running us over.
8) Why does a man with 100's of 1000's want to trade for himself ?
why not put some in a highyield bond fund and give the rest to some of the best futures fund managers around ? like in the IASG rankings ??
Are they really saying that they believe they can beat the returns those top managers are getting ?
Fantasy isn't it ? and that really is it , right ? It is out of a VANITY and FANTASY that they want to trade , for a need to show others and themselves that they are SOMEONE in this world .
Same reason they post here .
SAD , SAD , SAD .
Fact : Circa 90% of readers here trade with start up capital of less 10,000 .
So who do we want to LEARN from ? the guy who turns 1k to 5k in year and KEEPS that over 2 years or the would be * Big * trader who punts with a SU of 200k , but only manages say 50k pa ?
It is obvious that the small guy is completely relevant to us and that the so called big trader is irrelevant ? WHY ?
1) First off , if you don't have that sort of SU capital , then don't even think about it . You will have to start small with whatever you have then IF you are successfull you can MAYBE move up .
2) The majority of small traders will be using SB firms , larger traders will use Brokers
3) We have to use SB firms because the margins are so much smaller . So $10 on the Dow would be margined at 250 x bet = $2500 . A similiar size bet on the emini dow would margin you at $10,000 per contract !
You can see that the margin cost with brokers is 4 x MORE than with SB firms ! something that smaller players CANNNOT ignore.
Before you even start with a broker you would have to cough up $10,000 , and that will increase if your trades lose money.
For that money , you can play with four times the size with an SB firm!
4) Of course there are problems , the service , software etc from SB firms can be substandard . These have been well documented . However , it still a big plus to have such lower margins . Also , there are things you can do to mitigate : you can change SB firms , more and more are starting up - take advantage of that , you can of course publish their sins right here ! They fear nothing more than losing face !
5)Brokers are far from perfect , they can be just as useless . remember there are staffed by frustrated idiots who want to do what you do ! but ain't got the goolies for it . so they will mess you up at the drop of a hat . I have experienced: charts with only line charts and NO indicators whatsoever and for INTRADAY only !
So much for brokers having best software.
6) All of us with SBs would love to 5x our SU capital , anyone who says otherwise is a liar !
Therefore our small guy has a lot to teach us - the subtle art of supersizing profits and maximising leverage with small capital -the essense of great trading.
7) your so called big trader , well what can he teach us ? do we want 30% from our less than 10k stake or 400% ?!
the answer is as obvious as a 10 ton truck running us over.
8) Why does a man with 100's of 1000's want to trade for himself ?
why not put some in a highyield bond fund and give the rest to some of the best futures fund managers around ? like in the IASG rankings ??
Are they really saying that they believe they can beat the returns those top managers are getting ?
Fantasy isn't it ? and that really is it , right ? It is out of a VANITY and FANTASY that they want to trade , for a need to show others and themselves that they are SOMEONE in this world .
Same reason they post here .
SAD , SAD , SAD .
