Support and Resistance Trading Forum

Re: New Trader
By:Matthew C. Shelley
Date: 1/15/2010, 2:46 pm
In Response To: New Trader (Marco)

Start small and start with boring markets. It might seem like a thing to do to chase after the exciting markets but that would be a mistake in the beginning. Here in Chicago which market you start with depends on which trading floor you started on. Grain floor/corn. Meats/live cattle. Currencies/canadian. Financials/eurodollars.

My 1st trade was sugar. I walked up to Pop and said I was ready to trade and he said "OK you can trade one contract of corn.". Being as I grew up on the grain floor I said "Oh Dad! I don't want to trade corn, corn's boring.". Without batting an eye he said "OK you can trade one contract of sugar.". "Wow! sugar? Great!" It was exotic, it wasn't in Chicago! Little did I know that trading sugar is about as boring as trading sugar. I've kept a finger in the sugar pie ever since.

Matt

Risk Disclosure: Trading involves substantial risk of loss and is not suitable for everyone and only risk capital should be used. Margins are subject to change. Past performance is not indicative of future results. Any investor could potentially lose more than originally invested.

Responses To This Message

Re: New Trader
Erich -- 1/15/2010, 9:03 pm
Re: New Trader
Rob -- 1/15/2010, 5:50 pm
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