Am I Wasting My Time?

100K, that's a lot to well me and some of us no doubt, depends on what your trading, if your 10 Contracts of YM and get good at doing that then big run could nett you $10K in about 30mins.

Treat it as a side hobby, to you get to that level ?? Or what ever level you require to feel happy it's worth your time.
 
1) Depends on what vehicles YOU (intend to) trade.
2) how YOUR proven analysis and methods are expected to perform overall.
3) How disciplined emotionally and mechanically YOU are in executing YOUR proven analysis and methodologies.

As for competition... I've never viewed other traders as competition. The trading itself is not a competition. Monitor, analyze, decide, and act. It does not matter one iota what or how another trader monitors, analyzes, decides, or acts. Acquisition of 3rd party funding has tremendous competition, if one is interested in that and interested in having multiple bosses. Pretty much defeats the idea of self-reliant trading for a living, and the purpose of trading for yourself.
 
Tall Mike said:
I wanted to post this question here. Might be a stupid question, but just trying to look at this from a realistic perspective.

Am I wasting my time chasing the "trade for a living" dream?

I've done countless hours or research and it seems that the only people making real money in this industry are selling their systems or selling their mentoring and coaching services.

Additionally, I took a step back and thought about the potential outcomes and none of them really seem to add up either. The best-case scenario to me would look like I make several thousand for all the time and energy put into it, and that might not even be realistic.

- Trading with only $100k of capital is not even close enough to potentially trade for a living
- No path to raise real money from outside investors in the US with all the SEC red tape.
- No track record
- Lastly and most importantly, I feel that there is barely any edge out there for the retail trader. With all the competition in the market, I find it very hard to believe anybody out there truly makes an income from just trading for a living.

I started my trading education path back in 2011 up until about 2016 then life came around, but recently I've been coming back to the drawing board but this time around knowing what I know now, I am wondering if this is even a realistic path to go down or if I should just stop now and focus my time on something that could pay off more instead of going down the rabbit hole.

Again, this might be stupid, and I am sure I will get a lot of "noob thinks he is going to make millions overnight" or "haven't even traded yet and is already going to quit" type replies but I'm just trying to look at this from a realistic and logical path this time around.

Thanks!
More...

The fact that you wrote the above, mention the "rabbit hole" phrase and not once stating if you're profitable.

Stay away from trading and do not look back...seriously...its not for you.

wrbtrader
 
Diversify your portfolio and your time
Speculation. Investment. Real estate. Business.
Allocate about 10%, 40%, 40% and 10% respectively.

Thank me later.

The barbell portfolio:
Put your ROI into speculative ventures.
If you can earn 5% on these 100K,
Then speculate with 5k ...
 
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wrbtrader said:
The fact that you wrote the above, mention the "rabbit hole" phrase and not once stating if you're profitable.

Stay away from trading and do not look back...seriously...its not for you.
More...
Sorry, I didn’t understand ... you are saying he has to be profitable within predefined time period?
 
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