Advice - I want to Day Trade / Career

Philosophicide said:
Should I stick to a University Bcom. or attend a Day-Trading School?
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the girl comes to the rabbi and asks him what should she do on her wedding night: wear the night gown or go naked?

it does not matter said the rabbi you will be fucked anyway

Philosophicide said:
And are there any really good/solid resources you could recommend to me?
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there no good solid resource, except your own experience

Philosophicide said:
I'm 22 and a second year accounting student, however I've decided accounting is not quite for me. Now I am debating whether I should stick to my undergraduate Bcom., but maybe switch from Accounting to Finance? Or if I would be better off finding a "good" traders school and doing a course on day-trading there?
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no one will teach you how to trade for living , you have to learn it yourself and most people (99.99%) fail at that

Philosophicide said:
Since I do not have a huge capital to work with, I was considering starting out in Penny Stocks. I've been watching a lot of youtube videos (Tim Grittani, Tim Sykes, Ricky Guiterrez, Adam Khoo). Watching Dvds, Tim Sykes Dvds (Penny Stocking + P.S. Part Deux, 6+ Hours). And Books, Japanese Candlesticking, Technical Analysis of Financial Markets, Pring Investing Psychology Explained, An American Hedge Fund. Since I've started studying these sources, I am like so addicted to learning more about it.
I do not plan to use any real money until I have had some success paper trading.
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if you paper trade, then trade something active not the penny stocks

all you will be doing for years is not trading, but building the method

By the time something remotely close to the working method will be at hand you probably will be in your thirties. Since u do not have a lot of money, then you should think about how you will sustain yourself all those years?
 
If you want a career, you need education. Find out what is required and pursuit that.
If you want to learn on your own, you need an income and a plan B. Or rather, daytrading will be plan B, or even F, since you need to do B, C, D and E first in order to even know in which direction to go.

Do you know the ABC yet?

If a boulder is rolling down a hill, how can you ride that boulder without being teared to bits?

Ordinary streetsmart or average coasting won't help much. Tons to unlearn, tons to learn and then unlearn again. Come up with 100 great ideas, keep maybe 1 or 2. Come up with 100 new great ideas, toss all the other ideas and 99-98 of the new ones. Repeat until Done. Oh yeah, remember 1 of them at just the right time. And toss it again later.

You'll remember this rambling being spot on 10 years from now.
 
EUG - Some of them do sell "hope", but a lot of things they talk about are parallel to the things some of the most successful people in the world talk about; life lessons, mind set, thought process, etc.

Overnight - are you being funny or dead serious? I'm getting a bit of both, but may I ask why? Part of the reason I originally chose Accounting was it's flexibility, you can work from almost anywhere (it's nationally recognized), it opens doors for many other things down the road from forensics to finance. Part of me is still saying just shut up, keep your butt in the seat and just finish it.

Delta - Yes and No. McDonalds is still basically a 9 to 5 more or less. Most new graduates leave and make what, $20/h if they're lucky. I had a "job" before, I really enjoyed it and I was indirectly helping cancer patients and people with other debilitating diseases, but it was very labour intensive, and I was making $22 per hour. I can probably get a reference into Airport Security that is ~$24 per hour, and then eventually move up to CBSA (boarder security) which I'd say is a great career and $70k+ out the door.

Without getting too off topic, things happen and so I've reverted to looking for a career I can possibly do online; I really love Real Estate (I can walk through open houses all day long, and you can point to any house and I can probably tell you the price within $10-15k) but I'd hate it if my job was a Realtor. I have interest in E-Commerce, but again that is a hit or miss as well. I considered marketing or media, but I still feel a B.Com or BAS. in Accounting would be better and leave me with more options down the road. (And I feel if I the skills I'd learn from it would in general be helpful in life.)

Scataphagos - Hmm interesting... Well I'm in Canada. I thought they have them in the States as well, but maybe I'm wrong. I've heard of the day trading academy, it looks a lot like every other online course for day trading out there already.... I don't know?

Simples - that strangely, strongly stood out to me... I have a note book and I always write down my ideas. Without execution they're useless, but it's still great mental-exercise and maybe one will hit. And the Learn - UnLearn - Learn Again is a process I'm far too familiar with haha =.=.

[And again, I know this is a Trading forum and I'm not trying to get too off topic, but I don't really have any mature people who I can discuss this with, and I greatly appreciate everyone's advice!]
....I'm still not giving up on trading, I guess books will be my best friend, and the school of hard knocks is the only real school for traders. I would invest, but for that you actually need a solid monthly income, and right now I'm just looking to grow my capital slowly. (My dream car is a Porsche, but if I had $80k to spend, I would much rather invest it, in property, a new-build apartment/ duplex, something that can be income source #2, #3, #4, and so on. and go visit a new country. :p)
 
Philosophicide said:
EUG - Some of them do sell "hope", but a lot of things they talk about are parallel to the things some of the most successful people in the world talk about; life lessons, mind set, thought process, etc.

Overnight - are you being funny or dead serious? I'm getting a bit of both, but may I ask why? Part of the reason I originally chose Accounting was it's flexibility, you can work from almost anywhere (it's nationally recognized), it opens doors for many other things down the road from forensics to finance. Part of me is still saying just shut up, keep your butt in the seat and just finish it.

Delta - Yes and No. McDonalds is still basically a 9 to 5 more or less. Most new graduates leave and make what, $20/h if they're lucky. I had a "job" before, I really enjoyed it and I was indirectly helping cancer patients and people with other debilitating diseases, but it was very labour intensive, and I was making $22 per hour. I can probably get a reference into Airport Security that is ~$24 per hour, and then eventually move up to CBSA (boarder security) which I'd say is a great career and $70k+ out the door.

Without getting too off topic, things happen and so I've reverted to looking for a career I can possibly do online; I really love Real Estate (I can walk through open houses all day long, and you can point to any house and I can probably tell you the price within $10-15k) but I'd hate it if my job was a Realtor. I have interest in E-Commerce, but again that is a hit or miss as well. I considered marketing or media, but I still feel a B.Com or BAS. in Accounting would be better and leave me with more options down the road. (And I feel if I the skills I'd learn from it would in general be helpful in life.)

Scataphagos - Hmm interesting... Well I'm in Canada. I thought they have them in the States as well, but maybe I'm wrong. I've heard of the day trading academy, it looks a lot like every other online course for day trading out there already.... I don't know?

Simples - that strangely, strongly stood out to me... I have a note book and I always write down my ideas. Without execution they're useless, but it's still great mental-exercise and maybe one will hit. And the Learn - UnLearn - Learn Again is a process I'm far too familiar with haha =.=.

[And again, I know this is a Trading forum and I'm not trying to get too off topic, but I don't really have any mature people who I can discuss this with, and I greatly appreciate everyone's advice!]
....I'm still not giving up on trading, I guess books will be my best friend, and the school of hard knocks is the only real school for traders. I would invest, but for that you actually need a solid monthly income, and right now I'm just looking to grow my capital slowly. (My dream car is a Porsche, but if I had $80k to spend, I would much rather invest it, in property, a new-build apartment/ duplex, something that can be income source #2, #3, #4, and so on. and go visit a new country. :p)
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I skimmed this response but did I read dream car Porsche??? Lulz
 
Philosophicide said:
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Overnight - are you being funny or dead serious? I'm getting a bit of both, but may I ask why? Part of the reason I originally chose Accounting was it's flexibility...
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It was just humor on the "crossing the streams" thing, which I delved from your comment about "changing streams". It is just my weird sense of humor, kind of like post #5 where Vanz posted the pic of the kid sticking the knife in the socket.

It has nothing to do at all with your career choices in accounting. :-) You'll just have to get used to that sort of thing around here, hehe.
 
Overnight said:
It was just humor on the "crossing the streams" thing, which I delved from your comment about "changing streams". It is just my weird sense of humor, kind of like post #5 where Vanz posted the pic of the kid sticking the knife in the socket.

It has nothing to do at all with your career choices in accounting. :) You'll just have to get used to that sort of thing around here, hehe.
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Where the fook is golden eagle boy at?
 
I have lots of friends who went to Schulich at York and most are doing great, either running their own business or they went to get MBA's and are now working good high paying corporate jobs. I don't know if the B.COM on its own will get you much more than 50k starting out.

I went to York myself for a liberal arts degree and ended up working in mortgage sales, I was making some decent bank but 9-5 is not for me so I left.

Id say stick it out with your degree if you are almost done. No need to waste more time switching majors or whatever. At the end of the day if you know the right people, you will get a good job. My education had zero to do with the job that I used to save up money.

Maybe focus on taking some extra statistics classes as your electives. This should be useful in trading.
 
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Philosophicide said:
(Part of me says Bcom. and studying stocks part time)
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This part of you is right. Your plan of action is: Get your B. Comm. degree, get a day job (you are going to need it ABSOLUTELY UNLESS you have perpetual and UNLIMITED INCOME that will ALWAYS be able to cover your losses no matter how big they are, NOT savings, INCOME) while studying stocks part time by demo trading. Once your demo trading is successful, then you can start trading full-time and quit your day job.

Philosophicide said:
(the other half of me says do this full force with 100% focus.)
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Ignore this other half of you.
 
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