Registered: Aug 2006
08-10-06 08:36 PM
Point taken. Strangely, I don't think I would have traded differently if I had $$$ stashed away. I know many people speak about the inability to make rational decisions with the pressure of supporting a family, etc. For me, it was not a factor. My weakness, as I see it, was lack of a quantifiable edge, and the resultant lack of confidence in my trading. I.e., I have (at this point) no confidence for a good reason.
Were I to have a well-defined and quantifiable edge, I believe I could make it work.
Thank you for your reply.
Quote from segv:
You have little chance of succeeding at this venture, so why even try when you are under pressure to make a living? Why not start a small business in your profession with your trading capital? Invest in something that you already make money doing, something that has a reasonable chance to make you a living wage. Come back to the markets later when you have risk capital and can afford to take risks. In the meantime, pick up some new skills in mathematics, computer science, or psychology that could help you if and when you decide to approach the markets again.