Is it possible that you list some reasons why trading and not anything else in your case?
Why Do We Trade? For Real.
- Thread starter cornix
- Start date
Is it possible that you list some reasons why trading and not anything else in your case?
Getting involved in various aspects of "financial" after being forced to quit my professional bowling career due to chronic injury.... it was the first thing I tried, is all. I wanted to have money, like everyone does, and the only people I knew with money owned bowling alleys.... couldn't see myself coming up with the capital for that any time soon, so "financial something else" seemed a logical thing to try.
Last edited:
So it was like "the closest way to get rich" for you?
Didn't think about "closest"... just I should make a lot of money at it if I could get a handle on it. And like I said, "seemed doable"... so why not give it a shot? If it were to look like it wasn't working out, I could always look for something else.
And another thing.... even if you make your money in some other field, you still need to watch over your personal capital through your lifetime... either that or turn it over to somebody else to watch. Personally, I like the idea of doing that myself vs. trusting the off-and-on-again competence of somebody else.
Last edited:
Got it. Thanks a lot for explanation.
Used to be to get rich beyond my wildest dreams, these days it's a part wage which compensates for when the business doesn't do so great.
Although I plan to go full time asap, I doubt I can make millions or anything stupid, a very high average monthly wage will do me mind.
5K USD per month will do me, still 2x's my average months wages, 4x's what I'm currently making.
Although I plan to go full time asap, I doubt I can make millions or anything stupid, a very high average monthly wage will do me mind.
5K USD per month will do me, still 2x's my average months wages, 4x's what I'm currently making.
Could you please elaborate why trading as a choice of vehicle to get rich? Why not say scale up your business or write a bestseller book (just as examples)?
People choose because of personal reasons or preferences. So that can be money, freedom, like to trade, allergic for chemicals so no dry cleaning....
On top of that short term trading has theoretically the potential to make you more money in a shorter time than real estate or dry cleaning. Real estate or dry cleaning biz is impossible with 5K, trading is possible.
The only thing you should do is make it not theoretically, but real.
I know almost nobody makes it, but most people don't get rich in real estate too and surely not in dry cleaning.
Why did Buffett started to invest in stocks? Before he started the changes to become the second or third richest man in the world like he is now, was 0.0000000000000001%. So he was an idiot? Because all the odds were against him. The chances to become rich (but not like Buffett) in daytrading are much more favorable then what Buffett did. But Buffett is called a genius and the daytrader an idiot.
Dude, dry cleaning is the NUMBER ONE MILLIONAIRE MAKER of any small business in history. But I just used that as an example, there are tons of small businesses that make more money more consistently and with tremendously less risk than retail trading.
You can start of pick up drop off dry cleaning biz for under $1000.00 or any other number of businesses. I started my biz with $15.00 and a car back in 1989. Made over a million over the years and never never had to borrow money for the biz-- I liked to spend too much, which was my downfall, but still the biz made the $$$-- sure it was a micro biz but made me an executive level salary with just several hours a week. Anyone can do this, so can you---
Trade after you get rich from biz, not before. IF you try it and make it prior-- you are the black swan-- it can be done, but why do something with astronomical poor odds?
I know multiple poorly educated real estate millionaires, BUT NOT ONE trader who started with small amounts of money-- and the MARKETS ARE MY BUSINESS so I am well connected in the industry. surf