Transition to full time trader quitting school and work

Gotcha said:
More bullshit. When will you get around to showing some proof for all these claims? You already said that your risk per trade for day trading is usually much higher than your profit, but that your win rate is very high. So since you use the same system, does this also mean that for weekly bars, your risk is much higher than your reward? Is this what I'm to believe your swing trading system does? Other times you say you take lots of losses along the way until you finally get into a trade that hits the home run... so which is it?

Jesus Handle123, the way you talk, you have a system that gets you 1 tick profit, 2 ticks profit, 3 ticks profit, 1 point, 2 points, 10 points. You have a bloody system for everything. You say you are 99% automated, and then you say you've come up with a system trading from your hospital room. The only people who believe you at this point and like your posts are the newbies that come on here who are lost. All your claims sounds wonderful, but anyone can say anything about the system they designed. My system hunts down your trades and fucks with them. Beat that! You know how you say sometimes you lose an entire months worth of profits from averaging into your positions, that is me going against you.
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Bingo. You broke the code. We all know, But Just let the old timer have the fantasy
 
tlatoani said:
99.9% of the posters here are not full time traders. In fact, most are dreamers, busted gamblers, and others living a fantasy life online while being browbeaten by angry spouses or employers.

Follow your dreams mate, and don't ask the anonymous masses what to do.

T
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Thank you, much appreciated.
 
apo99 said:
I am asking for advice, that's it, just asking how everyone else did it.
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Have a high net worth to expense ratio such that your required rate of return offers enough margin of safety against your expected return and you have alternatives/hedges if trading doesn't work out.

For every person this calc is different. I know two guys who made a run at it. Both had net worths in the few million dollar range: one through entrepreneurship and the other through a wall street job. The entrepreneur is still going after 20 years. The Wall Street guy had to go back to work after a few years. Different cost bases and different alternative options.

This is like finance 101 type analysis. If you can't or are unwilling to do it (despite being close to completing a finance degree), then that will tell you whether you should do it at all.
 
newwurldmn said:
Have a high net worth to expense ratio such that your required rate of return offers enough margin of safety against your expected return and you have alternatives/hedges if trading doesn't work out.

For every person this calc is different. I know two guys who made a run at it. Both had net worths in the few million dollar range: one through entrepreneurship and the other through a wall street job. The entrepreneur is still going after 20 years. The Wall Street guy had to go back to work after a few years. Different cost bases and different alternative options.

This is like finance 101 type analysis. If you can't or are unwilling to do it (despite being close to completing a finance degree), then that will tell you whether you should do it at all.
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Will do thanks, but you also have to consider, what you want to do. As I said I would rather make 75k/ year trading than 150k/year working a finance job. And I do feel that 75k/year is quite feasible with a 500k account considering that I make close to 100k with a 200k account.
 
tlatoani said:
The education seller is just another broken soul /cnbc shut in--getting his limited jollies acting like an "insider". Lots of psychosis in this biz.
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when he gets totally deluded with phsychosis , the fuckin idiot will be under emotional hijacking of a trader .

At least now part timer has self dignity and can think clearly and trade clearly , otherwise he will end up as a baboon as a guinea pig of stress anylysis example of all E T members.
 
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