Unless
you
really
want
to
complicate
your
life
too
soon,
let
me
suggest
you
put
this
option
off
for
a
while
. .
.
while
you
learn
to
do
just
one
aspect
of
trading
really
well.
Choose
which
one
you
want
to
do!
Then,
embrace
that
element!
Practice
your
chosen
method
every
day
until
you
are
consistently
adding
to
your
brokerage
account
every
day
while
you
extract
excess
gains
[those
funds
not
required
to
maintain
your
trading
cash
inventory].
Ask
your
broker
to
mail
you
a
monthly
[at
first]
then
a
weekly
check.
What
you
take
out
of
your
account
regularly
is
your
actual
measure
of
success.
For
example,
If
you
are
not
able
to
regularly
extract
$500
a
month
you
are
not
yet
successful.
When
you
are
able
to
request
a
$500
check
each
week,
you
are
successful...
each
week,
meaning
3
out
of 4
weeks
a
month,
2
out
of 3
months
every
quarter
for
a
year.
This
is
success!
Anything
short
of
it
is
NOT!
For
example,
if
your
are
successfully
trading
a 3
contract
lot
and
sometimes
doing
two
3
lots
at a
time,
you
need
only
so
much
in
your
trading
account.
How
much?
Well,
off
hand,
I'd
say
you
will
need
about
$15K.
But
you
don't
need
to
start
off
with
that
level
of
account.
You
can
start
with
only
$5K.
Leave
the
other
ten
in
an
account
from
where
you
may
quickly
add
to
your
trading
account
when
it
gets
kicked
in
the
chin!
So,
start
slow
. .
.
start
on
the
NinjaTrader
simulator.
Trade
on
the
simulator
until
you
are
so
skilled,
that
your
simulator
account
has
grown
to
double
. .
.
double
from
$5,000
or
$10,000
where
you
start
it.
The
"factory"
provides
you
way
too
much:
a
$100,000!
Overkill!
I do
not
care
how
much
you
are
worth
financially.
I
believe
all
aspiring
traders
should
start
from
the
same
root.
If
you
are
rich,
pretend
you
are
not
rich.
Act
like
every
other
want-to-be
and
start
with
a
modest
account.
Most
brokers
will
allow
you
to
start
with
$3,000.
That
is
enough
to
intraday
trade
instruments
set
at
$500
intraday
margin
requirement,
like
eMini
S&P
or
perhaps,
the
Euro
Future;
however,
if
you
want
to
trade
light
sweet
crude
oil,
you
will
need
$1,000
per
contract
for
intraday
trading.
With
that
$3,000
account
you
cannot
do a
three
lot
in
oil!
So,
$5,000
is
better!
Do
not
hurry
into
trading
too
many
contracts
or
too
frequently
during
the
day!
Concentrate
on
one
or
two
hours
a
day
during
the
best
time
of
day
to
trade
your
chosen
entity.
