How old are you? Do you have other assets to “protect” in case of blow up? Do you have/want social security? Medical? Is it your only income stream? It’s a tough business, as you know, so I think thinking out worst-case scenarios is worth doing. That should help make the decision.
Early 30s, I have assets but nothing major, and frankly I've already experienced the worst at the beginning and came out from it and triumphed. I still have other skill sets and have no problem putting them back to use. I don't want nor expect a single thing from the government, except of course the ability to be able to trade as successfully as possible and the advantage of eventually trading under my own S corp/LLC.
It is a very tough game, which is why I've spent two years every single day refining my skills, process and most importantly my mindset and emotions. The fact I've committed 100% usually expedites any process when one seeks to accomplish something. I've tasted both success and failure, but now have a very risk managed approach to trading. Yolos, massive positions, holding things long term in the hope they blow up aren't how I trade. No doubt it's probably the hardest and most emotionally turbulent thing I've ever done, and I have had a wild life to say the least. It's definitely something I wouldn't tell someone to try unless they wanted to do it properly, but I did it, I've done it, and now it's time to look to the future.
All I really wanted to know is, how hard was it, how long did it take, what roadblocks did you encounter. Seems to me as long as you're trading (daytrading) very frequently, and making money that should be all there is to it, but nothing is ever so simple in this situation.
Thanks
