Quote from TradeMetal:
Forget it. Work your way up until you saved at least $25.000. Paper trade for the next 3 years while doing this.
Of course, this will not happen and you will not do it the right way, because we're all tempted in the 'it's possible' ... 'what if it's working' .. 'I can do it, I'm smart' ... game.
Quote from jprad:
That same $45, about 11% of your current $400 stake, could buy you a damned good snow shovel. Buy one and make some risk & tax free money this winter. If you're as fit as my 17 year old son you can pull in $300+ in one day.
When Spring arrives buy a lawn mower, rake, shovel and a pitchfork. You can make some damned good money doing lawns. Again, risk and tax free.
When you're not doing yard work study some charts and backtest your ass off until you've got an edge.
Between that and saving most of what you earned, by this time next year you just might have a snowball's chance at success.
Quote from Roark:
As Tushar Chande wrote, if not the gods, put the odds on your side. The odds are stacked long and tall against a trader. If you really want to put the odds on your side, it isn't in trading, it's in selling tools to traders and taking commissions so that you win no matter what the market does. Do more of what works and less of what doesn't. If your website is averaging $10 a day and that's your thing, work on it until it's bringing in $20.
There's a very old accounting principle dating from biblical times that you should take to heart: what does it profit one to gain the whole world and yet lose one's soul? Work like you don't need the money. You don't want to windup a broke, old, loser, shilling crappy trading tools and advice because you need the money.
Finally, make sure you phuck a lot. The sex is much better when you're younger. That's straight from Warren Buffett.
Quote from rgilbert93:
I'm 17. Unless you want me to sell crack I can't make $25,000 in 3 years as a high school / college student.
Quote from TradeMetal:
Yes you can. Without doing something illegal. I said it before and will advise it again: If you want to earn money, start a business. If you want to become rich. Start a business. It's way easier to find funding and to become rich.