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Typically, you can become a profitable futures trader in a couple days... even in just a few minutes (if you really concentrate). In fact, I've heard of people who are trading for a living who never even studied trading at all. They just went out and bought a system. It's really just a matter of buying your way to profitability, don't you agree?
What you don't want to get into is the slackers' route, the route of guys like Richard Dennis - people who just can't think in simple terms. Those guys spend a lifetime and a career on trading and, good grief, they still study markets!
I mean really! Jim Cramer is on TV now because his hedge fund is doing so well that it's on auto-pilot. And those PhD's at Long-Term Capital, what was the guy's name, was it Black or Scholes, of the Black-Scholes
equation, who blew out? What WERE they thinking? Or George Soros, or
Victor Niederhoffer, or... A weekend with Joe Ross will keep your friend out of THAT kind of trouble! Just tell him to buy TradeStation because the guys who made that program really know how to trade. And there are built-in videos from Larry Williams he can refer to if he gets confused about where the market's headed.
All the best,
The Omega Man
On Tue, 19 Nov 2002 21:39:13 -0800 Richard Josslin <taoofdow@xxxxxxxxxxx> wrote:
>Dear Group,
>
>A fellow contacted me recently asking about learning how to become
>a
>profitable futures trader. What came to my mind was the possibility,
> at
>least as a first start, of engaging a trading tutor, taking a trading
>
>course, or attending a weekend workshop.
>
>Questions:
>
>1. Any recommendations?
>
>2. There was a fellow who was quite active on the list a while
>ago by the
>name of Fred something, who lived in the Atlanta area, and taught
>a weekend
>workshop. What is his name? website?
>
>3. Bob Heisler, an occasional poster to this list, used to conduct
>such a
>weekend workshop, I believe. Is he continuing to do so?
>
>4. Other possibilities? Things, courses, workshops, people etc.
>to avoid?
>
>Sincerely,
>
>Richard
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