I am trying so hard to be positive for you. Honestly, trading takes massive effort to learn. You gotta put in the time. I am fortunate that I have been in work situations that allowed me to be in Sim for long periods. I study charts, my journal, and read articles on the weekend. I don't want to piss on your parade, but it takes time and commitment.
No I'm serious, I spend my life running around after an Ex's kids, need to drop that to 2 weekly visits, rather than 2 morning school runs and 3 - 4 afternoon school runs, she's been warned already that my support needs to be reduced hugely. 3 more weeks to school holidays, Assess it in September. I keep finding more work, but I really don't want to, I'd make more trading if I was left alone and not worn out what free time I do have. Hobbies on the other hand, Mountain biking, road riding, climbing they need to be increased, or what's the point.
well think of this... I too am a climber, MTB, Hiker.... I know that once I make it to the promised land of Full time trader for all my income, I will have the freedom to say shut down and do no trading for a week or a month to go climbing or do the other stuff. I have a dream to get a motor home and travel and trade. So I am MORE than willing to give up those things for now in order to get all the freedom in the world later. maybe with your limited time you should look at swing trading? that's just my point of view. just trying to be helpful
Could get hit by a bus tomorrow so I'm not willing to not have a life, there are weekends when the market is closed after all Tuesday Work then school run. Wednesday Call out then MTBing with the lads to be fair. Thursday unsure, might have trading time till 3pm then school run Friday likely work.
This is pure wisdom from somebody who has made it and knows the industry inside out. Its exactly my experience as well, anyone who says he can make 200-300% a year consistently is bullshitting. Nobody can achieve that kind of returns over the long run without massive drawdowns (which massively reduces his long term returns) or even blowing up. Its ok to dream big, but to succeed you need to be realistic as well.
%% Agree, Mtrader,LOL; and i almost never use inflation adjusted charts LOL. JD; Bill Eckardt said it was not a bet+ he was there, i was not there.Thanks for the link. IBD founder started with $500.Col Sanders started with under $100 but get real, NOT many can cook KY fried chicken like the col..................................
Really? What type of climbing do you do? I do it all, from bouldering to alpine, it's so unusual to meet traders that are into mountain sports, especially climbing
I am mostly an alpine climber, will do rock in the off season, Red Rocks outside of Las Vegas is only a 5 hour drive. The Sierra's in California are about 5 hours away as well...