In my opinion, trading is one of the only few ways left to thrive in this world.

Before I place another trade, my question is, is trading worth it? My dream is to live off of my trading. That is it. I am sure we all share this dream to some degree. I do not want to be super rich, just earn some juicy cash flow. Then, I could travel, be my own boss and set my own standards. I could start a non profit business for the greater good. I would truly be free. Does anybody here DO this? To me, this is possible. I just feel even with the right skills and strategy, starting with a small account in this sick economy is very, very tough. Any thoughtful answers would be greatly appreciated. All ideas are welcome. Thanks
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stop dreaming and start doing

Advice: get a plan B
 
I don't trade for a living because I don't need to, I trade for a better living. I am glad that I had another career and sometimes I thank my lucky stars that I didn't roll the dice all on trading.

You may just become one of the good ones and then you can call me foolish, but what if you don't? Every successful trader knows risk control, extend that concept to your life.
 
Quote from coolweb:

whats wrong with a lot of I's ?
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if you are a trader,your biggest tool is your brain, and your biggest obstacle,your ego,OP should start figuring how to squelch it as soon as possible,number one reason for a traders failure is holding a losing position, 99% of the time, that was the ego overriding the brain
 
Quote from ammo:

...number one reason for a traders failure is holding a losing position, 99% of the time, that was the ego overriding the brain
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I couldn't agree more!
 
Quote from d-rock1080:

I have found the biggest roadblock for me is lack of capital. In my opinion, the amount of money in an account should not matter and should never change the strategic approach. For example, the amount invested per trade should be a % of total assets. Leverage should never change with total assets and neither should stops, etc. I am making money, but with such a small account I think there is a psychological barrier. You should know what I am talking about if you started with a small account.
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All newbies think like that, but the thinking is wrong. The roadblocks surface when enough capital is available. They are actually the "other side", who will do everything possible so you can lose to them. You need to do everything possible so they do not succeed. Maybe now you do not understand what I am talking about. Remember, when you have a lot of trading money, somewhere, someone, prepares a huge drawdown with your name on it to be issued. If you are not prepared you will bite it.
 
I had a pen pal in Japan and she used a lot of "I's when she wrote. This was some years ago and maybe this is her.

(Dang I can't remember her name)
 
Thanks for all of the helpful responses and encouragement everybody. This is a great time for me to move forward with trading and maintain my job. I will keep you posted on my success. The comment by ammo is very helpful, tight stops have always been a key part of my strategy. By the way, I am not Chinese or Japanese, or female, but a young American man:)
 
The world economy should revive, it nearly always does. Trading is a great option in life but it does not lead to emotional maturity, quite the opposite probably. It might be best to pursue a career, work with [and against] people, mature and establish yourself, but I would never, ever, stop studying trading. Trading is the ultimate ace in the hole, just make sure you have the capital and you have the skill and you won't have to be so dependent on super-fickle employment... and remember WIN stands for Work is Nonprofit...
 
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