Am I Wasting My Time?

create daily trade plan: I don't do that!
keep track of results: I don't do that!
keep track of what you are doing right: I don't do that!
keep track of what are you doing wrong: I don't do that!
create and adjust a plan to correct mistakes and get better: I don't do that!
Am wondering why I'm profitable. :)
 
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...

Yeah you are probably wasting your time and money. Statistically speaking. Unless:
1. You are one of the 10% or so who actually get good at this eventually, or
2. You enjoy it and the money you lose or could lose is expendable.

Sorry. It's just money. You can always get more if you put a realistic plan together and stick to it and work hard for it. Most of the truly unhappy people I know have never learned that one simple fact. Or the other one simple fact, that you just don't need half the stuff you think you do.
 
themickey said:
create daily trade plan: I don't do that!
keep track of results: I don't do that!
keep track of what you are doing right: I don't do that!
keep track of what are you doing wrong: I don't do that!
create and adjust a plan to correct mistakes and get better: I don't do that!
Am wondering why I'm profitable. :)
More...
Luck!!
 
GettyImages-1155119254.jpg
 
themickey said:
create daily trade plan: I don't do that!
keep track of results: I don't do that!
keep track of what you are doing right: I don't do that!
keep track of what are you doing wrong: I don't do that!
create and adjust a plan to correct mistakes and get better: I don't do that!
Am wondering why I'm profitable. :)
More...
That's cause yu just got a knack for it mickey!
 
themickey said:
create daily trade plan: I don't do that!
keep track of results: I don't do that!
keep track of what you are doing right: I don't do that!
keep track of what are you doing wrong: I don't do that!
create and adjust a plan to correct mistakes and get better: I don't do that!
Am wondering why I'm profitable. :)
More...
Same reason why I am profitable. :caution:
 
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