Trading Losses = Tuition Fees

Even losing $100 a day over 6 months will cost you 12k. That is enough to blow out a 5k or 12k account. It's very easy to talk about what traders shouldn't do, the bottom line is, that's not reality. All new traders make the same mistakes, which is fine. It's just that 5k and 10k just isn't enough. It is also not true that guys that lose 300 to 500 a day are not cut out for this business. Some guys are down 50k to 100k before they get out. They turn out to be the best traders. The guys that are actually playing it safe never really make it. Sure they never go that deep in the hole but they don’t make anything either. Sooner or later you need to get aggressive and trade. Are there outlier guys out there on the far end of the bell curve that by chance made it through 6 months losing less then 5k who also became profitable traders and are very successful today? Sure, statistically speaking there must be. But it's disingenuous to use an outlier to make an argument. Nobody wants to lose 25k. Hell, nobody wants to lose 1k. But that is not how you look at it. You are not going to LOSE 25k. You are going to learn how to trade. I didn't go to college saying, wow, I'm going to lose 100k to get this degree. I PAID for that degree. With the idea that the degree would pay me dividends in the future. That is the same with trading. You are not going to LOSE 25k. You are going to LEARN how to trade. For some guys that education might only cost them 10k or 15k, for some guys it might cost 100k. Does the guy that went to Harvard and paid 100k for his education feel worse than the guy that paid 20k to go to Northern Illinois. Probably not. Different people need different things.