Young guy wanting to start trading

[padutrader]

remember one thing....do not measure success in terms of dollars....measure it in terms of knowledge.

if you believe there is risk in trading, then what the hell are you doing here....throwing dice?

i never believed markets are risky.......the risk in markets... in everything ....is ignorance and misunderstanding.

my aim was always to understand markets ....not control risk which i never believed existed

 

[padutrader]

Now the multi million dollar yachts with full time hired crews, helicopters, swimming pools, and bikini clad boat bunnies, I don't currently have any of those.

then do you push yours?

 

[MKTrader]

I became a full time trader because of all of the above. Great for us loners but don't believe the easy part, it is much harder than my day job.

And you still have a day job. Unless you start with a very large account, very few can quit their jobs after 6-12 months (or maybe ever) to trade full time. You might escape the cubicle faster if you start a service business (designing websites, photographer, etc.). That way you can get cash flow almost immediately. But steady cash flow is never guaranteed in trading, despite some option vendors promising "monthly income."

 

[ironchef]

dont bother..4-5 years wont get you to first base.

do you believe you can succeed in the most competitive field in the world?.....if you are 99% sure.... then do not even try.
this is one thing where you have to be 100% committed

Took me a couple of years to figure things out.

 

[ironchef]

And you still have a day job. Unless you start with a very large account, very few can quit their jobs after 6-12 months (or maybe ever) to trade full time. You might escape the cubicle faster if you start a service business (designing websites, photographer, etc.). That way you can get cash flow almost immediately. But steady cash flow is never guaranteed in trading, despite some option vendors promising "monthly income."

No, I quit my day job a long time ago to start trading, first part time + part time consulting and then from 2010, full time.

 

[MKTrader]

No, I quit my day job a long time ago to start trading, first part time + part time consulting and then from 2010, full time.

What instruments have you traded since 2010? What annual % gain do you need to make to pay all of your expenses?

 

[ironchef]

What instruments have you traded since 2010? What annual % gain do you need to make to pay all of your expenses?

2010 - 2013: First day trade, but quickly changed to swing trade stocks. 2013 - present: options.

We practice living below our means since we started working years ago. Still live a very simple life, not much expenses to speak of comparatively speaking.

 

[ironchef]

this is one thing where you have to be 100% committed

I am 100% committed as I am full time since 2010. Have you been a 100% committed trader?

 

[padutrader]

Have you been a 100% committed trader?

is there any other kind?

the time you take to achieve your objective depends on the level of proficiency you want to reach.

and i wanted 100% win rate

it took me 12 years

 

[MattZ]

I have no reason to post here. I’m 22, a college dropout. I suppose I’m subconsciously looking for a mentor.

You dropped your best mentors. You just don't know it.

If let's say you did find a successful mentor, how motivated will he be to teach you if he knows that you dropped out of school? Number one rule: you start, you finish.

I am not saying that school is for everyone, but in an age that most human are replaced with machines and soon AI, you better think fast if you have enough strengths to make it without formal education.