Stanley, a guy I met here in town about a year ago (who now is a friend of mine), called me up and told me, “dude, you got to come see this“.
I asked him what it was, but he wouldn't say.
So I drive down to this regular looking house in a regular area of town that he told me to meet him at.
We walk in and there I stood in a hallway with guys everywhere…
This is what my brain focused on:
…Computers were everywhere
…Wires running on the ceiling, walls, floors and even through the air ducts
…A kitchen the size of Wyoming with 4 fridges
…Monitors as far as the eye could see…
They had set up a wall to wall, 2-story (had a basement too) in-home prop trading…..home.
There were 52 traders in all inside this house.
It was crazy.
And what really drove me mental, was not the overwhelming amount of people, computers, monitors or wiring….
It was that nearly ALL of these “traders” were kind of new to trading AND were all trying their hand at scalping the market.
Number 1…If you are a newbie in trading, you have no business trading money for others.
The main “dude” of the house who had put everything together told us that he had gotten some friends together and told them that he wanted them to learn how to trade.
They took an ad out and got more “traders” to trade for them.
He got all his money from an inheritance.
Number 2…If you are scalping, you are being ignorant.
Now I am NOT saying you are stupid, just ignorant….meaning you don't know what you don't know.
I have NEVER met a scalper (out of meeting tens of thousands of traders) that has made any significant amount of money consistently in the markets….ANY Market.
And I am not saying you should be trading super long term either.
That sh*t drives me nuts just the same.
Anyways, if you would like to learn the RIGHT way to trade, learn how to really make money in the markets for the long term….and make money consistently..
Click the link below.
Here is the link: