I do swings. It's neither trading nor investing, but something in between. This gives a lot of joy. When you're right in something, that could be considered one of the most difficult professions in the world. A certain amount of confidence and self respect. Is that a part of your legacy plan ?
The advice to get a job is spot on. Corporate or working for a solid small business. While you’re doing it, trade on the side, look at it as a side business. That will get you out, socializing, and learning about yourself, your likes and dislikes, at the same time. You might find you enjoy trading more, if your livelihood didn’t depend on it. And over time, you might get better at it, even good enough that you CAN depend on trading for your livelihood. watch this video. He’s a good guy, found him on Twitter, I’ve met with him, he’s a straight shooter. And the video talks about his trading while having a full time job.
He's talking about going out on your own so early and wasting time making the mistakes instead of focusing on building tangible skillsets and enjoying life while your metabolism is at optimum. If you have a profitable mentor at that age, consider yourself lucky.
And who can wait, anyone attracted to trading wont be able to wait that long.. It would be like telling a normal 20 year old man to wait and not have sex until they are 40..
Get a job at an investment bank and build your skill set. I can’t name any legit trader who did not work for an investment related firm before starting off.
There were lots of floor traders who developed into great upstairs traders. If you can get a job at an IB,hedge fund,prop shop and trade OPM while learning,you are WAY ahead of the game... i think 99 percent of this board will make less from trading than they would from a meaningful career job. Why not start out with a decent salary,health insurance covered and develop a swing trading style, momo,value or any prudent approach that doesn't need constant monitoring of the screen???
Nah man, that is unfair to say. When you are in your 20s, you do not know if your "going out on your own" is going to work or not. That is a risk one takes. In your 20s, you do not have the years of hindsight to know if the decision was good or not.
Lets face reality 99% of retail lose money and have to face all sorts of negative emotions like fear, greed, anger, ego, anxiety, depression, stress etc. I'd hardly call that routine enjoyable. Anyone who says so otherwise is either still new (less than 5 years of trading) or miraculously pulled themselves within 1%.