Learning Curve

[Drew07]

Quote from cashmoney69:

I cashed out one of my investment funds. Down 20% the first year lol . I have a feeling this year will be better.

cm69

I hope you decided not to touch all of that money you have with the money manager.

 

[cashmoney69]

Quote from Drew07:

I hope you decided not to touch all of that money you have with the money manager.

.... At some point, but only if I can turn my trading around.

 

[minmike]

It is hard to define tuition for me. I moved to chicago for to take a $25,000 a year job for a year as a clerk at an exchange. Then another clerk job that paid better for another 9 months. So that was aroudn 2 years before I put a trade on for myslef. After that around 5k and a month before I started to get it.

Biggest starting mistake is starting to big. Start your trading as small as possible. Only increase size later. Need to make money beofre you can make a living.

 

[Matt24SPFL]

Quote from minmike:

It is hard to define tuition for me. I moved to chicago for to take a $25,000 a year job for a year as a clerk at an exchange. Then another clerk job that paid better for another 9 months. So that was aroudn 2 years before I put a trade on for myslef. After that around 5k and a month before I started to get it.

Biggest starting mistake is starting to big. Start your trading as small as possible. Only increase size later. Need to make money beofre you can make a living.

That seems like some very solid advice.... Thanks... I'll keep my leverage low to begin with.

"It's better to miss out on a profit than be in on a loss."

 

[chesstrader]

Quote from lescor:

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.

Waox I am quite impressed. Lescor could you tell me when you started??

Thanks a lot