|
PureBytes Links
Trading Reference Links
|
Don't know a thing about the Trade Tudor program, however traders aren't
made overnight so don't get discouraged for lack of instant success. Like
any other professional endeavor it takes some years of study and practice.
If you have a workable set of techniques then you need practice, practice,
practice. Do make sure you're not trading such a short time frame that you
are attempting to compete directly with the traders in the pit because you
can't. Many new traders attempt to control risk by trading such a short time
frame that they're reacting to nothing more than noise from the pit.
The account appears to be far too small for your goals and the high/low
range tends to confirm it. I think you'll find that most experienced futures
traders (those who don't blow out in the first couple of years) won't risk
more than 2%-3% on a single trade which equates to 2-3 points on a full s&p
and 10-15 on an e-mini. An experienced trader can probably consistently earn
30%-120% annually on account depending upon contracts and time frame.
One other thought ... many of the traders who have been around the longest
use a significant measure of discretionary techniques. Miner's book is an
excellent starting point for discretionary trading.
Earl
----- Original Message -----
From: Brian Keith Voiles <admagic@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 30, 1999 4:09 PM
Subject: [RT] Advice Wanted: S&P Training -- Trade Tudor, NATT, Other? {01}
> After having traded the S&P for one-year (a mixture of paper, e-mini's,
and
> full contract) I've been considering taking
> the Trade Tutor program. I'm also looking at NATT... I've already taken
> TCI's $6,000 seminar and have studied
> George Angel fairly in depth.
>
> I've had marginal success over the past year... all in all I've made 9.2%
> on my money -- that's just counting earnings
> and doesn't take into consideration the data feed, software, training,
> books, and other expenses. All and all I'm sure I
> must be in the hole. I'm currently studying "Peak Performance Course for
> Traders" by Tharp, and his newest book. I've read Market Wizards, Trading
> for a Living, both Mark Douglas Books, The Intuitive Trader, Zen in the
> Markets, Street Smarts, Exceptional Trading: the Mind Game, Dynamic
Trading
> by Miner (difficult for my right brain to grasp), etc.
>
> Overall I'm an infant in this game. I love it though. My current
business
> allows me to trade/study all day.... so I'm able to really focus on this
> effort. I know I can succeed (my goal is to net $10,000 per month
> day-trading the S&P). I currently have $25,000 in my account... it's been
> as high as $72,000 and as low $6,500.
>
> I'm looking to polish my "edge"... I'm looking to master this art form. I
> love trading, and am very passionate about it.
> I'd like to know how to "take it to the next level". More than anything
> I've been working on the mental game... but am
> interested in learning and soaking-up all that I can.
>
> Thanks for your assistance in advance.
> Warmly,
> Brian Keith Voiles
>
>
|