Got this off of stockTwits…enjoy https://stocktwits.com/Trading4Livi...m_source=dailyemail&utm_campaign=outboundteam
In order to be highly successful, which i would consider mid six figures+ its ten to twelve hours a day in front of a computer, if you want to just make a decent living, (100k-200k a year) and enjoy the free time and being able to travel and youve been doing it long enough, its 3-4 hours a day in front of a computer, and then being able to slack off for the rest of the day, Ive done both in my career, right now leaning more towards the 3 hours a day then enjoy life, lifestyle.
Till you reach your amount that is 2-3 times more you need and or can spend, you doing many sixteen hour days dreaming of the day you can cut back, time you spend with family, you are like half there, vacations, if you take them you are half there, you get really good at hearing half of what you GF/wife is saying cause they will quiz you. When you get to that magic number you start thinking it wasn't enough.....eventually you either get sicker than a dog or some other life inspiring moments when you start automating as much of the systems you can, once than happens and force yourself not to trade for a month, which is truly difficult, you find you miss it all and start manually trading some but much less than before, but always designing or finding ways to add onto existing systems. Of course this could have been a bad dream and they letting me out of my straight jacket to let me have hot cocoa with marshmallows and watch Roadrunner, meep meep.
Hello, My life lately: Trial and error, ooopsss I forgot to record that or this, what if I do , but what about, just do this, noo thats not what that mean, hmmm I wonder if someone on elitetrader can help me, if i keep reading forum I will never read the 3 books I ordered from Amazon, ohhhhh what the hell. I just take my time and get it over with. Damn, another cost. ohhhhh, so I have to learn how to program to find a strategy, ...sighhh lol And thats me
You should be enjoying what you are doing, after all one has just one life. 3 books: al brooks ? am I guessing right? why did you choose his approach? programming yourself, instead of having hiring a programmer ( third worl country have plenty at effective cost) : why did you make this choice? trading for yourself from Western country, instead of trading from a Yacht say in Thailand ( at a cost of 30$/day all inclusive): why this choice?
relatively Boring and Mundane -- alot of people have this image in their heads of The Wolf of Wall Street movie These retail guys are really successful -- more like stratosphere traders.
Philosophy / psychology : Purpose of life Vs Life of a trader Life of a trader depends on his answer to the question : Is purpose of life is to accumulate money/material/assets or search and discover our talents, which we call as passion ? Our level of success in anything is proportionate to the level of passion we have to learn the subject, not our level of greed to gain something materialistically out of it. If trading is ones passion then the difficulties in learning wont tear him down. The initial failures and hardships will be taken with positive mind frame. The later success will not make him go wild either. He will treat both success and failures in a balanced way. Life of a trader will be nothing less than happy and contended when trading is his passion. And his personal life may also borrow some positive energy from his trading profession. Money is not an alternative to passion when it comes to happiness and contentment in life.