Ok, not sure about the US system. You do NOT need a college degree. Point.
You can go to trading right away. Point.
Doing so without a backup plan is stupid. BIG point.
And here it gets bad
I never went to university but finished what in germany is "Abitur" - the degree allowing you full access to university. I went to become a broker from there, got pissed at churning customers after a year, carreer went VERY disperse.
At the end, I was left with no higher degree and no funds thanks to a relation with a girl nearly breaking me. Be aware that does not happen to you.
That said I spend 10 years as IT consultant. Whatever you do, make sure you have a backup plan. Mine was that I was really good with databases and forgot more programming languages than most professionals ever learn. That said, that small computer business of yours seems like a failure. Your options are limited.
* The computer business does not work out. That actually IS hard business to be in - risk reward wise most are crap these days.
* Your trading skills are bad.
In your soituation, putting in 200 to 300 usd a week, you should be able to be on your own feet after a year. Your expenses are close to nil (living with your parents), you have your computer business on the side, and you CAN blow your account. So, give it a couple of failures, but you should be able to make 150 usd a day with an account of 2000 usd. Take the money out. Once you have 3000 saved, put it back in and do not increase your risk. If you blow, start fresh.
THat is a lot of dough. 150 a day runs down to 200 trading days (little holidays), that is 30.000 usd. Little? Well, here is the deal: Once you have that in the account... you can ramp up the risk and make 300 a day. Build your computer business on the side.
But whatever you do, make sure you have a backup plan. Really.
Get the videos of that UK Show "Million DOllar Trader" (three episodes, one hour ear).They took 8 regular people and tried to turn them traders for 3 months. Half blew - and not only money, blew emotionally. They could not handle the environment and the stress. Chances are, you WILL fail. Make sure you have a backup plan.
And forget "easy life". Good trading is long hours, hard work. The "easy life" is the easy life of a top athlete spending countless hours training. Chances are actually not that bad if you BURN for trading. If that is what you want to DO. I returned to trading a month ago after a year long absence, and it is wonderfull. I dont really care whether I win or loose for that feeling - it is just what I want to do (not getting me wrong here - I care for the profits from a business point ov view, but I trade for the love of Trading, much like a good artist does his art for the art, not for being famous).
What I Do not understand, though, is why your computer business is going crap. Why dont you contract out as network admin, setup etc.? Should be quite some money. Even with the economy in the dumps. At least enough to support yourself.
You can go to trading right away. Point.
Doing so without a backup plan is stupid. BIG point.
And here it gets bad
I never went to university but finished what in germany is "Abitur" - the degree allowing you full access to university. I went to become a broker from there, got pissed at churning customers after a year, carreer went VERY disperse.
At the end, I was left with no higher degree and no funds thanks to a relation with a girl nearly breaking me. Be aware that does not happen to you.
That said
I spend 10 years as IT consultant. Whatever you do, make sure you have a backup plan. Mine was that I was really good with databases and forgot more programming languages than most professionals ever learn. That said, that small computer business of yours seems like a failure. Your options are limited.* The computer business does not work out. That actually IS hard business to be in - risk reward wise most are crap these days.
* Your trading skills are bad.
In your soituation, putting in 200 to 300 usd a week, you should be able to be on your own feet after a year. Your expenses are close to nil (living with your parents), you have your computer business on the side, and you CAN blow your account. So, give it a couple of failures, but you should be able to make 150 usd a day with an account of 2000 usd. Take the money out. Once you have 3000 saved, put it back in and do not increase your risk. If you blow, start fresh.
THat is a lot of dough. 150 a day runs down to 200 trading days (little holidays), that is 30.000 usd. Little? Well, here is the deal: Once you have that in the account... you can ramp up the risk and make 300 a day. Build your computer business on the side.
But whatever you do, make sure you have a backup plan. Really.
Get the videos of that UK Show "Million DOllar Trader" (three episodes, one hour ear).They took 8 regular people and tried to turn them traders for 3 months. Half blew - and not only money, blew emotionally. They could not handle the environment and the stress. Chances are, you WILL fail. Make sure you have a backup plan.
And forget "easy life". Good trading is long hours, hard work. The "easy life" is the easy life of a top athlete spending countless hours training. Chances are actually not that bad if you BURN for trading. If that is what you want to DO. I returned to trading a month ago after a year long absence, and it is wonderfull. I dont really care whether I win or loose for that feeling - it is just what I want to do (not getting me wrong here - I care for the profits from a business point ov view, but I trade for the love of Trading, much like a good artist does his art for the art, not for being famous).
What I Do not understand, though, is why your computer business is going crap. Why dont you contract out as network admin, setup etc.? Should be quite some money. Even with the economy in the dumps. At least enough to support yourself.