I'd advise against putting too much time into this without a mentor/coach. Don't put your life on hold with the idea that you're going to figure out how to be a trader all by yourself. That's what it sounds like you are wanting to do. If you are going it alone then at least have a job and work on trading in free time.
I hate it when people go on about "I've met never a [insert thing they think is impossible here]" but in reality I've never heard of a successful trader who did it on their own without any mentoring. You should at least be chatting/skyping with someone or a small group in real-time every day, or at a prop firm where you can network with other traders.
The best advice I have seen is:
Anything very rich and deep and difficult to master, must be studied and practiced under the guidance of someone who has faced all the same challenges and attained a high degree of mastery. Although in one sense day trading is a totally solitary pursuit, waged inside your own mind, heart, and physiology, there are so many aspects to be encountered in the process that most people cannot possibly navigate them by âreinventing the wheelâ along the way. As in any generality, maybe some freak of nature, or some one in a billion genius out there may be the exception to this rule. But letâs just say, donât count on that being you. Try to get valuable guidance from someone truly qualified to help you in a personalized process of finding yourself and the strategy you can implement with conviction and confidence.
On how to find such a mentor among the minefield of snake oilers? Wish I had a good answer for you!
I hate it when people go on about "I've met never a [insert thing they think is impossible here]" but in reality I've never heard of a successful trader who did it on their own without any mentoring. You should at least be chatting/skyping with someone or a small group in real-time every day, or at a prop firm where you can network with other traders.
The best advice I have seen is:
Anything very rich and deep and difficult to master, must be studied and practiced under the guidance of someone who has faced all the same challenges and attained a high degree of mastery. Although in one sense day trading is a totally solitary pursuit, waged inside your own mind, heart, and physiology, there are so many aspects to be encountered in the process that most people cannot possibly navigate them by âreinventing the wheelâ along the way. As in any generality, maybe some freak of nature, or some one in a billion genius out there may be the exception to this rule. But letâs just say, donât count on that being you. Try to get valuable guidance from someone truly qualified to help you in a personalized process of finding yourself and the strategy you can implement with conviction and confidence.
On how to find such a mentor among the minefield of snake oilers? Wish I had a good answer for you!