Do You Actually Enjoy Trading?
- Thread starter proftradingjourney
- Start date
Hello mikeriley,I sincerely love it. A long time before I started trading
for profits, I'd read dozens of books on the subject,
along with intense study of charts. If I never made
a dime, I'd still enjoy the process.
I agree. I feel sooo in control reading the charts.
Win or lose, I love it.
I'm guessing that you meant trading with real money and not paper trading?
If so, many responses could be discarded...
I’ve been perusing this forum for over 20 years and this kind of thread pops up from time to time. It is an indication that the OP won’t be turning his trading around any time soon.
It seems to me that if you are going to a good school and have a path to a job in the corporate world, that would be a natural choice for a young guy in his twenties. You should be building a career and socializing with your peers and enjoying life. You can do what Darvas did and keep learning and trade on the side.
Of course, if you have slim career prospects, trading is a fine pursuit. Working nights at an hourly job while you monitor during RTH is not a bad situation at all. Being a stay-at-home mom also works well for monitoring RTH while the husband works and the kids are in school.
That being said, trading is not a good pursuit unless you know someone in person who can show you how to do it. I’m not referring to paying a vendor for a course or mentorship.
Self-learning is how most do it. Usually this leads to trading being a fun and affordable hobby at best or a degenerate addiction at worst.
So my advice would be to get a good paying job working with other young people. Bang a lot of girls and enjoy eating tasty carbs while you have a healthy libido and metabolism. Get your fill and then in your late 30s or 40s, after you’ve been ground down a bit and your metabolism slows, you can appreciate the idea of leaving the corporate world behind. The markets will still be there.
It seems to me that if you are going to a good school and have a path to a job in the corporate world, that would be a natural choice for a young guy in his twenties. You should be building a career and socializing with your peers and enjoying life. You can do what Darvas did and keep learning and trade on the side.
Of course, if you have slim career prospects, trading is a fine pursuit. Working nights at an hourly job while you monitor during RTH is not a bad situation at all. Being a stay-at-home mom also works well for monitoring RTH while the husband works and the kids are in school.
That being said, trading is not a good pursuit unless you know someone in person who can show you how to do it. I’m not referring to paying a vendor for a course or mentorship.
Self-learning is how most do it. Usually this leads to trading being a fun and affordable hobby at best or a degenerate addiction at worst.
So my advice would be to get a good paying job working with other young people. Bang a lot of girls and enjoy eating tasty carbs while you have a healthy libido and metabolism. Get your fill and then in your late 30s or 40s, after you’ve been ground down a bit and your metabolism slows, you can appreciate the idea of leaving the corporate world behind. The markets will still be there.
or else one would get burnt out (with all the emotional ups and downs), can't commit in the long run.
I agree with getting a good corporate job. Trading is not cheap; it's very expensive. Although the amount of trading capital one has does not doom or guarantee one's trading success per se but having more trading capital does 1) make it easier to absorb losses and allows you to go on further and 2) take the psychological pressure off a bit and allows you to concentrate better on trading as you are only supposed to trade with money that you can afford to lose. So getting a good corporate job to accumulate a good amount of trading capital for you to go into trading is a great idea, the higher amount of the capital, the better.
But I disagree that you actually need somebody to show you how to trade. It might make it easier and shorten the learning curve somewhat but it is not necessary, especially with the vast wealth of knowledge that's available out there. What one needs instead I find is practice. Practice makes perfect and it cannot be more true in trading. The more you trade, the better you get even when you lose.
