24 single looking to go full time into day trading
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Quote from crgarcia:
You don't have much money to invest, that's right?
Yet you pretend to trade for a living?
I am not pretending to trade for a living, I have money invested in stocks although I am really low in there I am trying to decide if it is worth my time and money to day trade.
Make that 98+% chance with $5K
Getting a BS in a good major is FAR FAR better for most people than trading. Very few people with small accounts will ever be lucrative for a lengthy period of time
When I say good major, I mean Computer Sci, Accounting, Nursing, Phys Asst, Engineering. at a GOOD school. Or becoming an electrician or plumber through legitimate schools (eg, union type real schools, not Devry!!!!)
I do not mean Art History or Latin Studies at the Community College.
aww man,
if your gonna be a successful trader,
you better learn to love hard work. period.
sure,
i have days where i'm in a swing trade
and can make it to the golf course a little early.
there will always be the guy who is in the right place at the right time,
but,
and a big but,
you gotta put the hours in regardless,
hard work.
ever see those a&e bios of the cream of the crop stars and athletes,
watch the one on snoop dog,
that guy was high continually,
but that ni$$a know how to put some long hours in at the studio.
he said before he struck it bigtime,
"i had the show, i just didn't have the business."
look at the trade school route,
you could build up 25k in a few short years,
get your trader status on,
and be rockin in the free world in no time.
but,
you better have a strategy to aquire the knowledge necessary to make successful trades.
look at the institutional education route,
you better fill out that fafsa,
research those scholarships and grants,
and find the money to graduate debt free.
then,
it's up to you to utilize the infinite resources at your fingertips,
because the prof's don't give a flop about your 'dreams',
they just want their research published in some academic journal.
yet,
if you put the hours in,
the opportunity is there,
to become networked with leaders,
to find mentors,
to become equipped with what it takes to make successful trades.
the bottom line,
you have to want it, man,
fall in love with hard work,
and learn to work smarter,
but remember,
it's endless.
"there is no end to the publishing of books,
and too much study will bring you down." qoheleth
I would suggest majoring in IT if you're not good at math. The math isn't nearly as intense as that required from a CompSci major. Also, pursuing a business management degree isn't a bad idea if you don't know what you want to major in. You can then pursue a masters in IT or accounting.
Employers aren't that concerned with you're major anymore unless you want to pursue a career in the medical or engineering fields. In fact, the big four accounting firms and some IT firms actively pursue non-accounting and IT majors. Only about 30% of college grads have actually earned a degree that pertains to their career. I don't see the value of going to a trade school since you already went to a technical school. Less financial aid options, typically more expensive than state colleges, and low starting wages.
Obama is pumping a ton of money into higher education. It's not necessarily a good thing because the prestige that a degree once offered has been diminished. However, a BS will be a minimum requirement in the near future for nearly all jobs.
Employers aren't that concerned with you're major anymore unless you want to pursue a career in the medical or engineering fields. In fact, the big four accounting firms and some IT firms actively pursue non-accounting and IT majors. Only about 30% of college grads have actually earned a degree that pertains to their career. I don't see the value of going to a trade school since you already went to a technical school. Less financial aid options, typically more expensive than state colleges, and low starting wages.
Obama is pumping a ton of money into higher education. It's not necessarily a good thing because the prestige that a degree once offered has been diminished. However, a BS will be a minimum requirement in the near future for nearly all jobs.