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I can vouch for #1 since last month (knock on wood). #2 is harder to judge.. I'm more worried about not being able to execute at crucial entry/exit points than with making more profits.

Financially, I know I could quit my EE job. I'm at the point where the DAILY fluctuations in my trading account dwarfs a single bi-weekly paycheck.... up AND down of course. What's preventing me from giving my resignation is the fact I know quality jobs are hard to come by nowadays. I read it...

I have no business being there either :( You need very deep pockets to endure the fluctuations... even more so if you're wrong about a position.

Forget about any degrees.. they're all irrelevant in trading. Best thing I would advise is USE that degree to find a job and work for a few years, building up capital and studying the stock market. Tackling the market head-on results in failure. It's so much more than opening a brokerage...

The bond market consists of the biggest and smartest money out there, hands down.... it totally dwarfs the equity markets. Sorry to say, but you had no business being there.... the same also goes for 99% of everyone in these forums.

If you intend to wait up to 10+ years, I would've taken that money and actually bought PHYSICAL silver coins/bars.

Yea, I toook an options position around noontime, literally cents on the dollar. Given the divergences, risk/reward was at its highest. Worst case is i'm wrong and then try to close out near breakeven on a natural bounceback.

Rapidly declining prices on HUGE volumes... yet the underlying commodity they track is intact or actually higher.... and the gold/silver indexes were holding up. Big time divergences.... you could actually sense people panicing and unloading shares whatever the cost. Was a perfect time to use...

If you think all this is hard.... try explaining to people why they should load up on gold/silver bullion for the next 10-20 years.... I almost got stoned to death.

..futures.... margin....day trade..... leverage..... las vegas wow, that's some great advice for someone just starting out. You touched base on practically everything he should AVOID.

I believe in giving up blood, sweat, and tears for a college education (online doesn't count), but not for a bi-weekly paycheck.

LOL, yea I guess I give my money to people (legally) at times. If you think about it, the market is a lifelong employer. It has, and will be, around for as long as civilization exists. Whoever wants to work can.. literally. It's up to you not to get "layed off." I think that's when it...

.... because I get to take money from people... LEGALLY! (half joking) I figure, why work for a paycheck if you know how to get money directly. How's that for short and honest :)

Don't be anxious to jump in. Work and save up for a while and then come back when you have a much bigger amount, say $20k+. In the meantime, read and learn all you can about the market (the older the book, the better, seriously).

sitting in front of a screen all day, doing 20-30 trades is too stressful for me. Not to mention too much damn work. But then again, I'm not an intra-day trader. I come up with a few ideas and start buying small.....if they continue to work out I keep adding to the positions. At the end i'm...

*funny, typing this while actually munching on Cheetos* I know the feeeling... most everyone in these forums do too... you're so successful for a long stretch that you feel like conducting your own seminars on trading! Just take advantage of your situation while you can. The market gives...

Did i just read that correctly?.... a wife AND a girlfriend on the side??? Doood, you're my hero :D

Neither choice should make one feeel bad because they're both correct and normal. This is what should make you feel like shit: #1 A losing trade you stubbornly keep open #2 A trade you missed because you thought too much and didn't act.

Well, another contradiction is that if you're a swing trader (weeks, months, years), having successful positions in the market means things are very BORING... you know you're doing the right thing when you see your portfolio grow every other month and you dont have to do anything but watch...

As an EE, I make a respectable salary. But when the daily fluctuations in my trading account are like 2-5 times the size of a single paycheck..... i do wonder sometimes..... why even bother working this day job?