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Learning Curve
- Thread starter Drew07
- Start date
Probably in the neighborhood of $70,000 over 7 years as a 'hobbyist' not knowing what I was doing. This was financed with most of the disposable income from my job.
The first 4 months of trading full time cost me about $20,000 experimenting with various strategies (with too much size) before things really started to click. I was living off savings during this time.
The first 4 months of trading full time cost me about $20,000 experimenting with various strategies (with too much size) before things really started to click. I was living off savings during this time.
Quote from lescor:
Probably in the neighborhood of $70,000 over 7 years as a 'hobbyist' not knowing what I was doing. This was financed with most of the disposable income from my job.
The first 4 months of trading full time cost me about $20,000 experimenting with various strategies (with too much size) before things really started to click. I was living off savings during this time.
What was your day job?And once you got going how long did it take to make the 90k back??Don't mean to be nosy, just curious...I know you are one of the more consistent traders around here as I check out the daily P/L thread every so often.
Your poll is a bit optimistic.
0-50k
50k-100k
100k-200k
200k+
Thats more like it.
0-50k
50k-100k
100k-200k
200k+
Thats more like it.
http://www.sfomag.com/homefeaturedetail.asp?ID=-1080622177&MonthNameID=September&YearID=2005
Trading Survival 101: How to Make It through the Learning Curve
by: Andrew Kezeli
Hereâs a practical approach to making your money last while you learn the trading game.
Trading Survival 101: How to Make It through the Learning Curve
by: Andrew Kezeli
Hereâs a practical approach to making your money last while you learn the trading game.
Quote from Businessman:
Your poll is a bit optimistic.
0-50k
50k-100k
100k-200k
200k+
Thats more like it.
So then what do you say to the 50%(at the time of this post). Who submitted less than 20k....are they bullshitting, lucky, or think they've reached a consistent level that they really aren't at yet??
Quote from Drew07:
What was your day job?And once you got going how long did it take to make the 90k back??Don't mean to be nosy, just curious...I know you are one of the more consistent traders around here as I check out the daily P/L thread every so often.
I was a firefighter/paramedic and had a small building maintenance business on the side.
I think I made about $55,000 my first year trading full time, that's with being 20k in the hole after the first 4 months. Once things started to click, I never looked back. I was somewhere in the 2-300k range in my second year and mid 6 figures every year since.
There are so many good resources out there now, this site probably being the single best one, that anyone who is serious does not have to lose big money IF they can keep their ego and greed in check.
The name of the game is survival. You have to stay in the game long enough to 'get it'. At some point a light will go on and you'll be off and running. Most people only want to make the money though and really do not have an appreciation for how easily it is lost and how hard it is to get it back.
Quote from lescor:
The name of the game is survival. You have to stay in the game long enough to 'get it'. At some point a light will go on and you'll be off and running. Most people only want to make the money though and really do not have an appreciation for how easily it is lost and how hard it is to get it back.
I'm a newbie but I like that quote..... a lot