This remind of a quote. It goes something like this...how you make $1 million dollars in the stock market? Start with 2 millions.
I can empathize. Too many giving stupid advice - some compensated, others not. A den of snakes and hucksters. Thousands of SIM, book and YouTube educated "experts" dispensing their gems online. Precious few experienced voices of reason.
%% He has some Very good points; noted trade small x3 times /LOL. I don't think he was making a prediction\ may lose money for several years\most likely right. He suggested trading FAS/FAZ, but thats another thread; may do better with qqq/SPY or sso to start[smaller moves]...................................
Many many years ago my vehcle driving habits was to drive fast. I've owned several motorbikes, dirt bikes, fast road bikes, fast cars. I imagined trading was like driving down a freeway with me weaving in and out of traffic getting ahead of everyone. I thought too I would outsmart and outrun the majority. Well today many years later its not like that, other traders have the smarts, tools, methods, contacts, education, experience which I lack. Yes, I make money but its not like I'm leaving the pack behind in the dust.
Start with a big nest egg. It will help relieve psychological pressure on daily expenses and protecting trading capital. A person trade with a $1M nest egg is more at ease than $10K.
but that does not mean you cant lose a million in 13 years i lost over 2 00 000 usd. now i wonder how on earth i managed to do that. once you learn something it becomes simple it is critical in trading that you understand a few things: other wise you are going to join the iconic { sic! } 95 %
If a person has built a nest egg of $1M, he or she is frugal / wise enough not to plonk everything into stock.