Recent content by snoop101

leverage

Go work on a cruise ship and taste all the flavors of the world.

Does anyone have anything positive to say? Also what is the meaning to "making a living"? If someone didnt have a car and lived in a condo that wasent to high in payments every month and have little to non debt then yes some one can make a living, but if you have 2 kids a huge mortgage and 2...

Dont forget that he would not be trading with 5k he would most likely be getting leverage of 10:1 or 15:1

A little drifting yes. I was just pointing out that there is other ways to invest the money and not to limit yourself to one area. Your just putting 7 grand down and get a 40 year mortgage. Im sure someone can back me up on this but I belive in the US that if you make money on real estate...

You should also think about some real estate. I dont know much about the US market, but in canada 5-7 grand can buy you a condo and rent it out and watch it grow. Another words dont limit yourself to just trading.

I think he was asking for some advice on what direction he should take. I dont think he was asking if other people thought that with $5000 he would make it anywhere. With the right leverage and financial Education you can make money with very little. Im not saying your going to be rich but...

an exam? im trading for myself, not others. And your giving me advice to give up? what does owning a house have to do with trading? If owned 3 houses then it would make it ok?

when I was refering to time/money I ment that I would say that after a certian amount of time that it would change from 70% to 80%. I swing trade now while working so I have the understanding of the market. The gentleman who is working with me on this will be helping me out as I go along as well...

Would it be good to negotiate something at the beggining in a the contract to state that after a certian amount of time/money that the % would change? Is this something any of you guys have done?

I should also note that I will be starting with $6000 US which will give me $90,000 a day to work with.

woow ok. So I pretty much figured that most traders traded on NYSE or Nasdaq for the volume as TSX does not produce enough volume. As of now I am going to be working at home and working with a prop company that has a 15:1 ratio and will only take 30% (which seems fair compared to others) Im...

Starting in Feb i'll be trading full time from home. A lot of people talk about trading from home on here, but is there anything different trading in Canada over the US. Examples taxes (I understand that you pretty much run it like a business), day trading the TSX vs Nasdaq and NY, etc...

These are all great. It really shows that investors come from all walks of life. Im 28 now and working as a sales person selling computers. In Feb. I am going to be quiting my job and going into day trading full time. I will work 4-5 days a week part time to help pay the bills at the beggining...