Living off Trading

[Fain]

What does it really take to make it as an independent trader ?

Ability to Network and learning how to close.

 

[bone]

Start small and have a side hustle. I knew a guy who was a monster Eurex Schatz trader. He kept his evening job selling high end athletic shoes for a couple years. In fact, he bought a brand new 35 foot Formula Boat the week before he finally quit his sales job. Hell of an interest rate scalper he was.

The only thing you need to concentrate on is consistency. It's easy to lever and grow. The consistency part is the golden ticket.

 

[easymon1]

Start small and have a side hustle. I knew a guy who was a monster Eurex Schatz trader. He kept his evening job selling high end athletic shoes for a couple years. In fact, he bought a brand new 35 foot Formula Boat the week before he finally quit his sales job. Hell of an interest rate scalper he was.

The only thing you need to concentrate on is consistency. It's easy to lever and grow. The consistency part is the golden ticket.

https://www.formulaboats.com/350-sun-sport/overview
THAT'S a LOT of high end athletic shoes. (!)
What part of the distribution chain did he sell into?

 

[bone]

He made his money trading the Eurex Schatz.

Point being, he kept an evening job while he was learning to trade. He kept the pressure off of himself and didn’t force trades. He allowed himself the time and space to develop consistency.

I simply do not understand these posters who start a thread proclaiming that they’re quitting their real jobs to trade full time. With little to no real trading background. And certainly no viable trading system.

THAT'S a LOT of high end athletic shoes. (!)
What part of the distribution chain did he sell into?

 

[easymon1]

He made his money trading the Eurex Schatz.

Point being, he kept an evening job while he was learning to trade. He kept the pressure off of himself and didn’t force trades. He allowed himself the time and space to develop consistency.

I simply do not understand these posters who start a thread proclaiming that they’re quitting their real jobs to trade full time. With little to no real trading background. And certainly no viable trading system.

Keep the day job until you can't afford it anymore.
Sounds like a good idea to me.
Nice Boat.
https://www.formulaboats.com/virtual-tours/?b=350-sun-sport

 

[Jeff82]

Keep the day job until you can't afford it anymore.
Sounds like a good idea to me.
Nice Boat.
https://www.formulaboats.com/virtual-tours/?b=350-sun-sport

That hits the nail on the head. That's when you know you're a pro.

 

[Bad_Badness]

I would add be consistently consistent across all aspects: Money management, tactics, emotional fortitude, risk etc.

 

[dealmaker]

“I constantly see people rise in life who are not the smartest, ... but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.” ~ Charlie Munger

 

[tonyf]

Lots of good advise here. I left my day job in 2017 and have been living off trading ever since. What do you need to know?

 

[fan27]

Lots of good advise here. I left my day job in 2017 and have been living off trading ever since. What do you need to know?

How much capital are you trading with?

What are you fixed living expenses?

How much are you able to save (i.e. trading profits - fixed expenses)?

thanks!