Learning to Trade.

I just read this:

You must commit money. You cannot expect to make a living from a $1,500 trading account. Until you have a nest-egg you can afford to lose, you should not even think of trading. If you are under-capitalized, you need to get an extra job to build up the capital you need. You also need to invest time and energy – a huge commitment on your part.

I both agree and disagree...... It seems like a mistake to learn to trade on $10,000. The only thing to learning on $10,000 would teach you is how to lay in bed and suck your thumb, as your life savings/Nest egg slipped out the window, In Blinding Emotional Market Whipsawing TERROR.

But they are right, you will never make a living on $1500. But you will never make a living unless you can turn $1500 into $2500.

I get asked "how to get started trading", And this is what I say. Learn to loose only $2000 at a time. And limit your losses to $1000 every 6 months. People think this is CRAZY. and that they are "Setting themselves up for Failure", Without Failure you cannot succeed.

Overcoming Failure: Michael Jordan Quote
I've missed more than 9000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed. .

If you're trying to achieve, there will be roadblocks. I've had them; everybody has had them. But obstacles don't have to stop you. If you run into a wall, don't turn around and give up. Figure out how to climb it, go through it, or work around it.
Michael Jordan