There is something seriously wrong with this mindset in trading .You are trading emotions of desire to trade to get something every day , even when the odds are against you and on the days they are against you. 95% club road is free , this is day gambling .
Actually you only need a couple of great trades say in a month or in a year to make it worthwhile. The only BIG profit i have had this year was on Brexit. That was serious money. All the other trades i have done have made me a net (small) loss.
10,000 hours sound good...but it kinda depends on what you spent those 10k hours doing. Staring at a screen or at charts is not a good way of spending those hours.
Trading requires being able to tread water a lot - taking lots of small loses to be in the game when those big trades come by. Only about 10% of all the trades will be the big winners which is all you need to make a good profit each year. The idea of a linear uniform profit every day or week is not realistic since the market does not move like that.
Thanks everyone for your valuable input, I really appreciated it. Many of you said that I wasn't ready, or my expectation was too high, which kinda discouraged me, because you all have been there and know better than I do. But on the other hand, I really think I have figured it out, at least the psychological part. I will be a disciplined trader, I will not make big mistakes ever again. I don't have proven trading setup yet, but with the right mindset I will get better day by day. Now I use stop loss orders for every trade, and I don't add to losers any more, I expect lower winning rates in the coming months. I may be able to know if I can be a good trader in 3 months, I don't have to blow up my account to know trading is not for me; I don't have to earn much to be confident either. I'm not confused any more, the next step is refining my trades, with live trading!
With that 20,000 you could of invested in Silicon Valley tech companies, pre-ipo. Thats probably a safer bet than getting destroyed in the futures markets. Did you backtest at all?
Then it is very clear what you should do. And if you don't even understand what to do: STOP "TRADING". You can only trade with money you can afford to lose.
I agree with your post , but if you have a winning formula (and are 100% sure of it ) which protects your capital , no reason why you should not put the house on the line.There are many other venture riskier than trading , on which people put the roof. Borrow a milion or two and pay it back , if you have a strategy that will rarely lose more than 10 % and generate 10 % a month with very low risk.