Well hell something good ought to come out of straight talk as in your post. I have to make one comment though. You shouldn't be trading and making loss days. Whenever I read about losses and drawdowns, most times, I just pass on by. Its part of ET culture and belief. But what if one said 'Look forget trading .. as you know it. Go to a bank where you can open an account and where you can just keep on building capital. Its called Capital Builder Account. The good thing is once you put in an initial amount you don't put in any more but your account goes on growing and multiplying. There are never any reductions. But you gotta work on this account and only you decide how just how much it multiplies. Interested?' Get my drift?
Great advice. You've also gained a lot of valuable experience that cannot be put down on a resume or "pedigree." That will serve you well, no matter what you do, and an employer will also benefit big time. Why? Because you've demonstrated that you can work and produce independently, you do not need someone to tell you what to do all the time, that you are a creative thinker, and by your statement here, that you are honest and not full of yourself. Step into any industry that interest you, and you will surely catch up fast. No worries.
Man this is entertaining. I dont think it really matters what you do jus whether you find it works for you. If I didnt have to look for a job why would I bother, but Im better off leveraging my investments with steady income. I mean I was never all that hyper active with trading stocks anyways, moreso with forex, but I can swing trade any markets and at the end of the day not be all that disatisfied with life. The world isn't what it onmce was, but its always changing, and I think thats a good thing. No company owes me a living a career or anything else, I've always known that and I accept it. The additude that you take to whatever job you have has more to do with perspective rather than having life conform to the way you believe things should be.
Thank you!! The above is a great deal of what I tried to get across as well. Alas, some among us decided I was worshiping at the corporate alter (Not). To echo your post, Yes it is about steady income, attitude toward the job & life. I have the money to trade, save, pay bills & so forth. All the while, staying true to myself. Prevents my getting bitter, or being lost in the corporate fray. As I said, stay true to yourself.
Broken Dreams - Been there, done that. My situation is almost exactly the same as yours so I figured I'd chime in. I did the same thing, went thru the same despair, etc. I loved trading more than anything I've ever done, but flat out couldn't survive anymore on what I was making. A couple of positives: 1. If you get a job related to the industry, most people will be impressed that you lasted 5 years on your own - everyone I've talked to/interviewed with knew how few people make it, and everyone knew it was tough to survive. I talked to a VP at Cantor who told me "The good news is that you've already done the toughest thing you'll ever do in your life." 2. If you get a job outside the industry, people will be impressed because you had the balls to be a trader. It's just like saying you were a copier salesman or made your living cold-calling. 3. While a 9-5 is not anywhere near as compelling as trading, it is incredlibly easy compared to trading. I'm not saying I want life to be easy, but after struggling for a few years just to survive, it is a huge load off my shoulders to show up to work and get a paycheck I can live on every two weeks. Good luck to you.
Believe it or not. You are very very young. 30 years old is very young. You have plenty of time to catch up.
u guys got it all wrong the money is in day trading futures if u r a profitable equity trader u will make a killing in trading futures i was maKING 1000 A MONTH WITH STOCKS NOW DOING THE SAME SHIT MAKING 500 A DAY IN MY SECOND MONTH ITS 1999 TYPE OF MONEY WITH OUT THE SPECIALISTS AND BULLSHIT DOWN TICKS PARADISE COMPARED TO STOCKS
alex, Futures are the worst place for newbies and you know it. its over leveraged and most starting out will get killed!! yeah for the experienced trader who knows how things work may fair okay but not someone new. they are better off trading one lots of SPY and DIA.. not really a living but a safer learning experience.