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Strategies & Market Trends : DAYTRADING Fundamentals
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To: LPS5 who wrote (11003)12/18/2000 6:22:25 PM
From: jaybiegh  Read Replies (3) of 18137
 
>the only way - and the indisputably best
>way - to truly learn to trade is to sit
>i.e., work - perhaps starting as an intern
>or assistant) for a year or two on a trading
>desk, with professional, experienced (and
>typically licensed) traders

I would be the last to argue with your knowledge LPS5 and I certainly see your point. I will say that if that is what it takes to learn to *truly* learn to trade then I will be a fraud for whatever time I last in the business (perhaps not long).

If you are right then I will have to accept that I will never be a "true" trader as I am not seeking the opportunity that you describe. If I cannot be a true trader, then I will simply aspire to being a profitable one (if there is a difference).

LPS5, using the much bantered number of only 10% of active traders being profitable, would you say that most of that 10% are former firm/professional traders? Are all the profitable traders ones who learned by your suggested path, or is success merely unlikely by another path.

Thanks all
JB
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