Just fired. Should I give it a try?

[andread]

Quote from katesdp:

If you are wishy washy and have to think things over and over before making a decision you trading "career" will be very short lived.

I still think that wishy washy before making a decision doesn't automatically imply wishy washy after making a decision.

Guys, many thanks to everyone. Looks like maybe it's not yet the case for me to think about it seriously. I'll go on with my usual things, maybe start contracting, which should give me more financial opportunities. I'll keep trading part time, and see how it goes.

Thank you all for the participation

 

[ssblack]

Quote from William Rennick:

You need to diversify.
Take your liquid assets and break it up 3 ways. 1/3 in lottery tickets, 1/3 pork bellies,1/3 in Budweiser stock.

Rennick the Cable Guy out

ps. get er done

OMG, please never again!!!

 

[Humpy]

$6,000 is plenty to learn to trade, though not enough to make a full time living.
Paper trading doesn't have the same bite to it as one can say "oh well its not real money".
Once you get good at it, on say the S&P then one can just up the stakes. By getting good at it I mean consistantly profitable month by month.
Good luck

 

[JimmyJam]

Quote from andread:

I still think that wishy washy before making a decision doesn't automatically imply wishy washy after making a decision.

Guys, many thanks to everyone. Looks like maybe it's not yet the case for me to think about it seriously. I'll go on with my usual things, maybe start contracting, which should give me more financial opportunities. I'll keep trading part time, and see how it goes.

With that recipe it should work-out in 3 years or so. Maybe less if you really apply yourself and get some decent help along the way.

Best Regards,

Jimmy Jam

 

[JimmyJam]

Quote from Humpy:

$6,000 is plenty to learn to trade, though not enough to make a full time living.

Only if he's really smart and applies himself diligently, because ...

Paper trading doesn't have the same bite to it as one can say "oh well its not real money".

Not only does it not have the same bite to it, but it also doesn't generate the same reactions, emotions (fear and greed) or concepts in the thought processes of the trader. While it is good for getting the general overview of trading and getting a basic technique down, that's about it.[/B][/QUOTE]

Once you get good at it, on say the S&P then one can just up the stakes. By getting good at it I mean consistantly profitable month by month.
Good luck

Yep, but always prove everything with a 1 lot before moving on. After that, maintaining discipline under fire is the most important thing you can do, PERIOD.

Best,

Jimmy

 

[kiwi_trader]

Good decision.

That'll give you time to create your plan, prove your capabilities, and build some capital.