Am I Wasting My Time?

Discussion in 'Trading' started by Tall Mike, Jul 5, 2020.

  1. themickey

    themickey

    He probably wants a larger house and housing these days is sending most everyone into a life of slavery to pay for it.
     
    #301     Sep 11, 2021
  2. You should be. And glad you are.
     
    #302     Sep 11, 2021
    fan27 likes this.
  3. hehehe, that's a first world problem for sure. Good for him!
     
    #303     Sep 11, 2021
  4. Yes, I also like what I do, get to live in Denver, and it is relatively lucrative. But, it is a niche field in the oil & gas industry that's been declining since 2014. I'm grateful for every year that I'm still able to work in the field...but realistic about the fact that it might not last forever. That's why I'm trying to up my investment game. So far my investing falls under the "don't quit your day job" description! :banghead:
     
    #304     Sep 11, 2021
    fan27 likes this.
  5. It's possible but the hardest part about it is, that you'll most likely have to figure it out on your own. Even if you have a great mentor, who has both the capability, and motivation to help you, it is unlikely that you'd be able to digest all the information quickly, or gain enough confidence, without going through the motions yourself.

    It took me more than 12 years to figure most of it out. So until then, best to keep your day job, or look at it as your "fixed income" portfolio.
     
    #305     Sep 11, 2021
    Onra, comagnum and morganpbrown like this.
  6. VicBee

    VicBee

    You're in crazy Australia where buying selling real estate is a national pastime, although this friend lives in Mill Valley, California, where a 1900 sq ft, 2 bed 1 bath sells for 2M.
    But the point is, humans are afflicted with perpetual insatisfaction and wants become needs in a flash.
     
    #306     Sep 11, 2021
  7. padutrader

    padutrader

    can you make a living from pro golf......from cooking......from marketing......from painting...from macrame......from selling the body

    of course you can...

    same with trading

    but is it easy?

    hell no.

    except maybe the last thing.......



    in trading nothing is hidden...everything is out there......where the buyers are where the sellers are.........how strong they are.


    once you read the market correctly ......you know what to do

    it is extremely logical

    everything is life is logical......except us.....we are emotional we think and act emotionally ...not logically....

    not surprisingly there is a huge mismatch.....and most people wonder what the fuck is going on.....

    in markets and life, this leads people to think it is random.

    yet everything is in your hand and your actions dictate your end results .

    this is Karma
     
    Last edited: Sep 12, 2021
    #307     Sep 12, 2021
  8. You are not wasting your time if you derive pleasure from trading.
    Surely, in order to make trading your main income, you've got to have a very large capital to cover your daily needs. If you treat trading only just as a source of money and nothing else, I would recommend you to pay attention to investing. This will not become your income neither, but you will not spend so much time and nerves looking at the charts and experiencing large psychological pressure. Another way out for would be buying some trading bots which will do all the work for you and you'll just have to control their work. If you have the necessary skills and knowledge, I would recommend you build your own bots instead of buying them, if you don't want to master programming, then you can buy several bots which will also gain some profits. Again, this will not become your main source of income, but at least you'll avoid wasting time on the activity that doesn't bring you sense of centent.
     
    #308     Sep 13, 2021
  9. destriero

    destriero


    Dude, f off with the FX bot garbage. How many accounts have you blown (this week)?
     
    #309     Sep 13, 2021
    longandshort and Axon like this.
  10. You could always try a robot one or pamm account
     
    #310     Sep 13, 2021