I'm a sponge.....

Quote from trudd:



thanks Steve! the first thing we're doing is putting away 6 months of household expenses. after that we'll see. I'm going to read a few books starting with the one by david scott you suggested.
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you might consider closer to 2 years expenses.
First you learn, then you unlearn, then you relearn.

sulong
 
Quote from steve46:

Trudd:
Start reading. Don't trade. Don't buy "seminars". If you have money to invest, put it away for the time being. Don't put it at risk. For reading material, look up bobbrinker.com. They have a reading list. Start reading those books and listen to his radio show. If you don't know the vocabulary, start with a book called "Wall Street Words" by David Scott. Good luck.
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good advice, the very first thing we're doing is putting away 6 months of household expenses in cash for a rainy day.

I'll get a reading list together and start going at it :cool:
 
Quote from trudd:



good advice, the very first thing we're doing is putting away 6 months of household expenses in cash for a rainy day.

I'll get a reading list together and start going at it :cool:
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you got a long long row to hoe.

and you aint gonna learn trading from any of these books no sir :)
 
My 2 cents.
I would not quit my day job right away. It is is a lot of pressure.
There are plenty of financial vehicles that trade on YOUR schedule. If you live in California you can trade for hours before you need to go to work 9-5. Currencies trade around the clock. There are some great strategies that work on swing trades.
I had a very rough time learning trading and it took nearly 4 years for the light to go on!
I will admit I chose the wrong time to enter. Everyone tells me I started at the worst possible time. I had to rethink my strategy many times over. The rules keep changing.
Once you quit work and trade full time, it will be very hard to go back to it if you blow out. I can't imagine being back plucking hair for a living....shudder.......
 
Quote from bobcathy1:

My 2 cents.
I would not quit my day job right away. It is is a lot of pressure.
There are plenty of financial vehicles that trade on YOUR schedule. If you live in California you can trade for hours before you need to go to work 9-5. Currencies trade around the clock. There are some great strategies that work on swing trades.
I had a very rough time learning trading and it took nearly 4 years for the light to go on!
I will admit I chose the wrong time to enter. Everyone tells me I started at the worst possible time. I had to rethink my strategy many times over. The rules keep changing.
Once you quit work and trade full time, it will be very hard to go back to it if you blow out. I can't imagine being back plucking hair for a living....shudder.......
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I have no dreams at the moment of quiting my job, someday sure not now :D I'm a little slow on the learning curve, it'll probably take me 8 years before any light goes on!

thanks for the insight!
 
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