Early Retirement

ShoeshineBoy >my goal is a little different than most: early retirement.<
Financial Independence was a good enough goal for me. Always take time off when you get
windfall profits.
> role did trading play<
For many years, I have only worked half a year. Trading
Seasonal Calendar Spreads allows me to keep a continuous portfolio most of the year. Trading end of day, the essential part of the game takes very little time. I spend more time at it than my trading partners who get pretty good results.

How much time will you spend to be
free. You can go anywhere; do anything, with whomever you want to do it with. All you need is access to the Internet and good enough health to make decisions.

The most new spreads we put on in a week is two plus pyramids. So I guess the average is slightly more than one spread per week? Once I suspected that we hold spreads about six weeks. The Seasonal trend may give us our first at eight weeks, a new spread (different months) increase at six weeks and a final new spread for the last two weeks to the top. How much time does it take to put on a
spread a week?
DHOHHI"You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody.
>How much of a role did margin play<
I do not understand the question.
>How much of a role did "expense/lifestyle control" play in it?<
This was really the main one. You cannot be free until you get fixed expenses below income.
>I'm looking for inspirational stories here.<
You can do it. I would explain but I am going to the beach!
DHOHHI >As far as getting to a point of where you feel you can make it (trading) work I'd suggest that you have no debt. I found having no mortgage payment, no car payments, etc. made for a less stressful time when things weren't going as well as I expected.
 
Just one more thing:

“I have no customer problems: no customer relations, no customer complaints. No customer theft, no customers returning anything.”

“There are no merchandising costs, no damaged goods, no vandalism, no service calls, no repairs to make, and no guarantees to honor.”

“I’m free of invoicing, accounts payable, payroll, inventories, accounts receivable, billing, dunning, bad checks, and bad debts.”

Quotes from Joe Ross

Follow this link for Preview: TRADING IS A BUSINESS!
 
Thx for the quotes and advice - I love some of them! (I just noticed that someone had reposted to this.) It is interesting to me how few individuals (apparently) have made it by swing trading alone into early retirement. But I'm not going to let that bother me...
 
Back
Top