May I know your stats (win rate, average RR, trade frequency per month, current capital)? Have you ever considered what you're capable of doing with what your trading activity provides that your employed friends not capable of doing?
This is great summary of day trading. Take A+ setup on multiple symbols. In the old days, I trade futures using strategy that works on multiple symbols but only trade a single symbol due to high trade frequency (min 2 per days) and fast action needed. Nowadays, a different strategy that works in multiple symbols (including stocks and cryptos but only swing), trade multiple symbols intraday due to automation of the analysis (yet to fully automate until order execution level even though theoretically achievable ~ only capable coding pinescript) and less trade frequency per symbol (2-3 per week). The stats is awesome.
I've read Natenburgs Options volatility and pricing so that's basically the depths of their knowledge. Anyway they're not making any money worth mentioning. Option strategies are just playing both sides of the fence.You don't get rewarded for not taking risk. That's why they blocked me because I'm the one driving a (2008) Lambo and all their knowledge doesn't help them. Trading is a futile endeavour if you can't get direction right.
You are asking for stats on some trading start about a decade ago In the end I didn’t loose too much because the EV<0 withheld me from trading too much. But ya know, living expenses didn’t paused either. What do you exactly mean by your last question?
The last question is assuming you did great in day trading until today. Nevermind. All of us did what is best to us. I wish you do great for whatever path you take.
LOL,from a pure $$$$$ perspective leaving the IB world was definitely not the best for me.... Live and learn
If one has high salary job (obviously good career path/growth), there is no incentive to pursuit full time trading. Unless being naive (possible with the current state of social medias). If mistake made, accept, scratch, move forward. We still have to live. You did great.
Not only cant you go back in time,but one has no idea how life would have turned out if one remained on the same path.. Easy to second guess,a bit more difficult to be appreciative for what we have in the moment
Yes, they do. Take these to heart, ya silly! "Learn to take losses. The most important thing in making money is not letting your losses get out of hand." - Marty Schwartz "The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance." — Ed Seykota "The most important rule of trading is to play great defense, not great offense." — Paul Tudor Jones "It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong." — George Soros "In trading, you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money." — Ray Dalio