What would you do if 25 yrs old?

1) getting a solid education -- bachelor's, master's, and J.D. in my case. In this regard I highly recommend choosing a field where you must be certified to get the job (i.e., nurse, doctor, lawyer, accountant, teacher, etc., etc.). In other words, forget the marketing degree (or make it a double major :-)).

2) marrying the right woman -- for me, it is someone who would stay home and raise the kids. Just make sure you know what "right" is before you jump.

3) putting together a (business) plan -- if you must trade, figure out how you will acquire the necessary experience and starting capital (as needed). If this means working for awhile doing something else, don't shy away, consider that "work" a means to an end.

Doug
 
Quote from pic:

A Ferrari is an expensive ego. Better buy a Ford and utilise the money to build your successful business then get the Ferrari.
More...
My thinking is, if a person can actually afford a Ferrari, he/she already has a successful business.

-FastTrader :)
 
Quote from Fast_Trader:


Cool. I also have drive an Acura, but I must sat the Vette gets more hotties :D

-FastTrader
More...

The zo6 is screaming my name, but no more 50k cars for me. I totaled my first one and it was to hurtfull.

I have the "live way beneath my means" mentality these days. And I still get the hotties.

I still think I spend to much on clothes. But what can you do?
 
Quote from trade4succes:

Question to our more experienced members: What would you do if you were 25 years old now (or what would you do different? Just write down anything you can think of (and want to mention).

I get the feeling we youngster underestimate the value of the experiences the "older" traders can teach us.
More...

trade4

I started thinking about your question,(especially the what would you do different) part. Whew! All I will say to you under 25 folks out there is: Those decisions you make today that you think are trivial and will have no bearing on course of your life, well THEY DO! Choose Wisely my fellow traders.
 
Quote from vegasoul:

I am 25 and I keep asking myself whether I should be having

fun and taking it easy OR should I dedicate myself to trading

full-time (which is what I am doing now) so that I can retire early

and all that...

I think the options are mutually exclusive because I think trading

well demands tremedous focus and commitment, that doesn't

leave me a lot of time for other things in life...

I just hope I am not going regret it when I am 50..

missing out on the fun and all...
More...

Great thread! Very interesting comments by our more experienced member and even the younger ones. Thank you!

To Vegasoul I would say from my humble experience: It is beneficial to your trading to make some time for having fun. -edit: to have a fun life beyond trading- Having fun enhances your creativity and thinking power, IMO.

In reference to the several members urging to take advice from your parents: What if your parents are both socialists who believe the surest road to eternal bliss is graduating in something like sociology and then start working for the government in a social welfare related field? Well, they are not at all that stupid besides this :p
 
Quote from Foz:



<b>6b. take an elementary school math refresher course.</b>&nbsp; Not only is that math hard to overcome, it's also hard to figure out!

(It only takes a 33.3% gain to make up a 25% loss.&nbsp; 0.75 x 1.33 = 1)
More...

That was a killer mistake to see......lol
 
A advantage that you have as 25 years old, is that you do't
have lote of money, to put lote ot money for trading as biggner,
so you won't lose that much.

I had lote of money as 30 years old, and lost $30k in the begining.
 
You must log in or register to reply here.
Back
Top