I'm a newbie as well and I've been trading since Sep 19. I took about a month off for holidays so I guess I've got a little under 3 months of experience.
Here's what I've learned.
HC does have people who can put you onto winners but you need to separate the wheat from the chaff. The way you do this is track record. You keep track of their recommendations and try to keep a tally how often people are right or wrong. Pretty soon you can determine who is worth listening to and who is a tosser.
Before you ever act on their recommendations you need to read Stan Weinsteins "Profiting in bull and bear markets" I think that's the correct title, if not it's pretty close. Also a Darryl Guppy's books are pretty good.
Once you have those books under your belt you will be able to apply technical analysis to the recommendations of the wiser HC guys who have usually come up with their advice based on well researched fundamentals and/or inside knowledge, God bless them.
That technical analysis will help you to narrow down the options to just a few pretty good possibilities. Out of those most will go against you but if you keep good tight stops and let your winners run you have lots of the odds in your favour.
I'm up more than I thought I would be for th short time I've been trading and I'm hoping that in 12 months I'll have gotten to the figure you mentioned and maybe just maybe exceed that figure.
Oh yes and you will need to gear up. 10K is stuff all. You will need a line of credit for about 100K or so. That way all you need is to keep hitting 5-10% winners but that will 5-10% of 20K or 30K transactions.
