Am I Wasting My Time?

You need to be living to trade, not trading for a living

Jokes aside, i think the better question is, do you have genuine interest for trading and markets(and yourself)? If so, then go for it. If it's only the money, then don't do it IMO, not worth it.

 

I would say do it as a side income not as a main income

 

100K, that's a lot to well me and some of us no doubt, depends on what your trading, if your 10 Contracts of YM and get good at doing that then big run could nett you $10K in about 30mins.

Treat it as a side hobby, to you get to that level ?? Or what ever level you require to feel happy it's worth your time.

 

1) Depends on what vehicles YOU (intend to) trade.
2) how YOUR proven analysis and methods are expected to perform overall.
3) How disciplined emotionally and mechanically YOU are in executing YOUR proven analysis and methodologies.

As for competition... I've never viewed other traders as competition. The trading itself is not a competition. Monitor, analyze, decide, and act. It does not matter one iota what or how another trader monitors, analyzes, decides, or acts. Acquisition of 3rd party funding has tremendous competition, if one is interested in that and interested in having multiple bosses. Pretty much defeats the idea of self-reliant trading for a living, and the purpose of trading for yourself.

 

The fact that you wrote the above, mention the "rabbit hole" phrase and not once stating if you're profitable.

Stay away from trading and do not look back...seriously...its not for you.

wrbtrader

 

What are your goals?
What methods are you employing to meet your goals?
Is it working?

More later, maybe

 

You gotta ask yourself: Can I afford to lose the $100k?

 

Diversify your portfolio and your time
Speculation. Investment. Real estate. Business.
Allocate about 10%, 40%, 40% and 10% respectively.

Thank me later.

The barbell portfolio:
Put your ROI into speculative ventures.
If you can earn 5% on these 100K,
Then speculate with 5k ...

 

If you want to become a trader you must first believe in yourself. Empty your cup every day and sharpen your saw before you cut the wood.

 

Sorry, I didn’t understand ... you are saying he has to be profitable within predefined time period?