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The trader then opens a brokerage account, deposits the necessary margin capital, and is ready to proceed. At first the new trader will trade perhaps just one stock, either buying or selling short according to his or her sense of the prevailing trend. By watching just one stock, there is little distraction and the emotions of taking market risk can be felt. As the new trader becomes more comfortable with the machinery, his or her eye becomes trained to pick up the necessary changes. The trader begins to develop a sense of control. From this point on, the learning process accelerates exponentially. As electronic proficiency develops, the trader will grow to the extent that his or her talent and capital allows. If the trader doesn't achieve a minimum trading competence level in a few months, the result is the end of an opportunity and a way of life before it barely began. |
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The Real Value of An Education |
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It is hard to set a value on education. The cost of welding school is over $10,000. The cost of tractor trailer truck driving school is over $10,000. The cost of the education at a DAET program will vary but is less than the cost of learning to do welding or truck driving. |
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The purpose of an education is to prepare people for surviving in the real world. The tuition is inconsequential. Quality education is always well worth the cost. However, the money spent on a 4-year college degree could result in 4 years of beer drinking and partying. Even if this is not the case, after 4 years of college (and sometimes 5) you may wind up with no skills or trade. After a DAET program, you should have practical knowledge that will be of immediate benefit to you and your family. And if you decide not to make DAET your chosen career, what you learn about how the financial world works and how to deal in the market will still be of value since it will make you a better investor and expose you to the inner workings of Wall Street. Chances are that you will remember far more than you retained from the macro-economics |
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