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You sound like you are very confident with your algorithm. What's keeping you from borrowing money? Taking out a 2nd mortgage?

Was just passing by. Trading is a skill. Some people have skill. Some people don't. It's the same as with everything else. Why are some people good at math while others aren't? It's a combination of talent, skill, experience, and knowledge.

Thanks wrbtrader. And to the OP (if you're still lurking around) I too will be quitting my job soon and start trading. However, I already have over 10 years experience and have a good system in multiple market conditions that gave high positive returns. Furthermore, trading is a backup plan (ie...

That's crazy. How did he lose 75%? Hopefully not something like 75k.

Trading is gambling only if you lose money.

Just an update: I'm still at my job but not trading due to job increasing becoming more busy so I'm unable to do any trading. For now trading is just a backup or retirement plan. I still do some sim trading just to practice and keep the skill sharp. Markets has started to collapse just as...

This has been discussed before. Over 80% of traders are INTJ yet less then 10% of trader are profitable.

Yes. It's the top of a bull market is all I can say.

This is very true. How do we know it's not luck is the question investors will ask. Edit: I mean smart investors. However most investors are dumb so his plan might work out.

He's likely trying to hedge his risk. If he continue compounding with his own money, he's still exposed to risk to himself. But if he forms a hedge, he's only risking other people's money and making the same amt if not more. Still, it takes more then 1 year to be exposed to all kind of market...

Not sure why I'm replying to this. Just bored I supposed. Anyways, 50% of your profit is concentrated in 2 stocks. Is this luck or skill? If it's luck, what makes you so sure it'll continue. If it's skill, then good job you should go full time quick.

Same. Sad to hear about this too. RIP.

Man. You're lazy. Too lazy to even try to look the title up. No wonder you're here asking irrelevant questions on how to trade. It doesn't matter how long it takes other people take to learn. If you're lazy, it's gonna take you longer regardless.

I meant a poll like this:

Sorry, wrong thread

I'm kind of curious about this: Why didn't you post a poll in addition to your OP? Don't you think a poll would be relevant and beneficial?

Then what you are asking for is a shortcut which I'm sorry to say there isn't one. Work hard and get your degree and you will achieve your dream just like your parents. Good luck.

So I reread your first post. Why do you only have 5k and working at shitty jobs if you are from a well off family?

Why do you keep changing your name?

It's not an exuse. That's the same for MBA for guys that want to be investment bankers. It doesn't sound like you are willing to work hard for it.