[Andrew28]

How many trades does a new trader need to take in order to learn the mechanics of the markets? Is there a specific amount of trades that one should aim in order to gain real "experience?"

[carter]

There is no such number. But a 1000 trades is good for starters.

[Reaver]

Nothing is concrete. Everyone is different. That's like asking how many times do you go into combat before you're considered experienced.....could be one time, could be ten. From the outside perspective, maybe after once....but only you will know for sure. That's what is important.

[torero]

Originally Posted by carter »

There is no such number. But a 1000 trades is good for starters.

When reaching 1000 and you still haven't blown out, you're doing pretty good! It's an indication you're either learning money/risk management or you've found your style that fits your personality.

[MrPaul]

one.....billion trades....(dr evil gesture) haha:p

I would have to agree with torero, If you haven't blown out after 1000 trades you have a fighting chance.

noooo its 853!

[TinGull]

I've gotten almost 70 trades in on the YM since I started tradeing it last month, and I'm almost starting to understand a couple of things! For me, I'm wanting to have at least 150 trades under my belt with a nice win/loss ratio before I start thinking about adding more contracts. I'm by no means comfortable yet...though getting there.

[journeyback]

1.) Every trade is a learning experience.
2.) Trade only after careful, meticulous research.
3.) Prime directive----Preserve your capital.
4.) Don't be afraid to ask questions.
4.) Have Fun!