I feel like giving up!
- Thread starter Unquestionably
- Start date
Those stocks that can handles millions of 'user input' are far and few in between.
I've learned from personal experience that if your position size exceeds 20-30% of the daily average volume, you're in big doo doo.
From Lescors journal-these are his monthly totals. Just like all businesses are not created equal all traders are not created equal. I d take these totals over any business.
Month totals
JAN 67,342
FEB 86,194
MAR 62,074
APR (24,556)
MAY 329,447
JUNE (29,438)
JULY 40,781
Aug 30,274
Sept 23,008
Oct 28,331
Nov 103,362
Dec 108,599
If you love trading then its not really a job.
Few things you should look into if trading is right for you
Do you enjoy trading and challenges it presents?
Are you "always" improving-yourself, your system etc
Do you have enough capital to go through the learning curve?
Trust me the rose colored glasses are off of many businesses these last 2 years. Wait till the interest rates start rising they are going to be hit really hard. A lot depends what type of business you are in also. My friend expanded his business in franchising in UTAH and now the franchise has changed the contract to their benefit after 4 years. He s thinking of quitting it altogether but doesnt know what to do now since he gave up a career in networking to do that and now he s got a 4-5 year gap in his resume. Just saying....
There are plenty of successful traders out there if you try to meet them in person. Probably not as many as et but still
Oh by the way I showed him Lescors numbers too and he was pretty impressed. Maybe I can introduce you two-u take his business and teach him trading ?
If you truly wanted to give up, you would not be here creating a thread.
Press the 'X' button.
Press the 'X' button.
The question it really comes down to is: what's it worth to you? Is it worth more time, more failures and bounce-backs, more effort?
Yes starting some other kind of business could be more profitable but it's not like you can just get out of bed and become a millionaire entrepreneur instantly. No path is easy. Trading is probably the toughest, but 1) There ARE some that can and do make 7 figures (I know a coupe) 2) What trading can teach you few, business can in terms of self growth, discipline, and self-awareness.
Yes the struggle is tough, but no great business man out there became huge without the first few years being a struggle. You are looking at 4.7 years as a waste. Did Michael Dell do that when he hadn't really advanced after that time?
If you got into trading just for the money, then yes you may want to quit. But if it was for something deeper, and it's still worth the journey for you, then forge ahead and know that it IS doable, and that all the great traders AND businessmen spent many years struggling before they became big.
Wish you the best.
Yes starting some other kind of business could be more profitable but it's not like you can just get out of bed and become a millionaire entrepreneur instantly. No path is easy. Trading is probably the toughest, but 1) There ARE some that can and do make 7 figures (I know a coupe) 2) What trading can teach you few, business can in terms of self growth, discipline, and self-awareness.
Yes the struggle is tough, but no great business man out there became huge without the first few years being a struggle. You are looking at 4.7 years as a waste. Did Michael Dell do that when he hadn't really advanced after that time?
If you got into trading just for the money, then yes you may want to quit. But if it was for something deeper, and it's still worth the journey for you, then forge ahead and know that it IS doable, and that all the great traders AND businessmen spent many years struggling before they became big.
Wish you the best.