Good point having a second income stream seems to take the pressure off a bit.
Transition to full time trader quitting school and work
- Thread starter apo99
- Start date
Just an update 5 years later.
I am still trading and doing okay
Have not had a losing year since 2011.
Still averaging 90-130k a year
Unfortunately cannot get out of that range.
I still have a regular job
I still believe that if i put all the energy and time that i did into trading into a conventional business i would be much better off, but that ship has sailed.
Take care and il check in a few more years.
I am still trading and doing okay
Have not had a losing year since 2011.
Still averaging 90-130k a year
Unfortunately cannot get out of that range.
I still have a regular job
I still believe that if i put all the energy and time that i did into trading into a conventional business i would be much better off, but that ship has sailed.
Take care and il check in a few more years.
At your age, crypto is where it's at - especially the innovations in DeFi with choice projects producing 10x, 100x, 1000x,... returns.
just to update you guys,
best year was in 2021 % wise and $ wise
took a 200k loss this year in 2 days, took a huge option trade and screwed up, something i had no business doing, considering i only trade tsx v equities
This had nothing to do with my system
evidently this was the same day as my 30th birthday and i got a big raise at work on the same day.
Was a very bad loss for me as i closed on my first home and a investment property a few weeks prior to this.
Volume on the venture has disappeared so its been even worse since im only trading 1/10 of my normal size and frequency. My asx strategy did well in 2021 and is still green in 2022,
I am working on a short only strategy for the venture exchange.
This will probably be my first down year in 12 years
Very hard year overall but il keep pushing.
Take care!
best year was in 2021 % wise and $ wise
took a 200k loss this year in 2 days, took a huge option trade and screwed up, something i had no business doing, considering i only trade tsx v equities
This had nothing to do with my system
evidently this was the same day as my 30th birthday and i got a big raise at work on the same day.
Was a very bad loss for me as i closed on my first home and a investment property a few weeks prior to this.
Volume on the venture has disappeared so its been even worse since im only trading 1/10 of my normal size and frequency. My asx strategy did well in 2021 and is still green in 2022,
I am working on a short only strategy for the venture exchange.
This will probably be my first down year in 12 years
Very hard year overall but il keep pushing.
Take care!
Why do you choose to branch out into the ASX?
the asx is very similar to the tsx venture,
especially for illiquid stocks under $5
Well almost 8 years, since i wrote this post.
still alive but barely.
that huge loss last year really crushed me and the TSX venture is slowly dying.
last year was my first losing year in 12 years and I'm pretty flat this year so not looking great.
Having lots of expenses doesn't help either.
i stopped trading the ASX, I was making a small profit but couldn't scale it and it was too much work trading both time zones.
im working on a short only strategy for the tsx venture but the fees are outrageous.
i still have some fight in me but its getting harder.
take care Jabronis and il update you in another year!!
still alive but barely.
that huge loss last year really crushed me and the TSX venture is slowly dying.
last year was my first losing year in 12 years and I'm pretty flat this year so not looking great.
Having lots of expenses doesn't help either.
i stopped trading the ASX, I was making a small profit but couldn't scale it and it was too much work trading both time zones.
im working on a short only strategy for the tsx venture but the fees are outrageous.
i still have some fight in me but its getting harder.
take care Jabronis and il update you in another year!!
I was reading this yesterday and thought to post it here, you may find it interesting.
Refer to link at bottom.
How Canada – and Bay Street – squandered the chance to finance the critical minerals revolution
Tim Kiladze - The Globe and Mail | November 10, 2023 | Battery Metals Intelligence Canada Copper Specialty Minerals
Stock Image (Reference image from Pxfuel.)
This story is part of Mission Critical, a Globe series that looks at the issues around whether Canada can become a mining superpower in critical minerals used in the clean energy transition.
Also read the most recent story published from the series: While domestic companies flounder, foreign behemoths have built a dominant position in the Canadian critical minerals sector – and few have benefited more than Australia........
https://www.mining.com/web/how-cana...-to-finance-the-critical-minerals-revolution/
I was reading this yesterday and thought to post it here, you may find it interesting.
Refer to link at bottom.
How Canada – and Bay Street – squandered the chance to finance the critical minerals revolution
Tim Kiladze - The Globe and Mail | November 10, 2023 | Battery Metals Intelligence Canada Copper Specialty Minerals
Stock Image (Reference image from Pxfuel.)
This story is part of Mission Critical, a Globe series that looks at the issues around whether Canada can become a mining superpower in critical minerals used in the clean energy transition.
Also read the most recent story published from the series: While domestic companies flounder, foreign behemoths have built a dominant position in the Canadian critical minerals sector – and few have benefited more than Australia........
https://www.mining.com/web/how-cana...-to-finance-the-critical-minerals-revolution/
Yep i saw it, 100% accurate, also most of the trading is being done outside of the TSX V on "alternative exchanges" and dark volume