The Dream

Discussion in 'Trading' started by Jdesey, Mar 6, 2024.

  1. newwurldmn

    newwurldmn

    didn’t you blow up your account? And if I recall it was a relatively small account (not one that could support a young family forever).
     
    #31     Mar 7, 2024
  2. zghorner

    zghorner

    pretty much yea...trading has been a terrible pursuit for me. We are able to live alright on storage income but keep in mind I have zero debt and live a very frugal lifestyle. I'm not at all claiming to be living high on the hog because I am not. My financial situation is very much stagnant and contains no extravagance.

    I would have been so much better off financially simply parking my money in the s&p and keeping my job...But I didn't.
     
    #32     Mar 7, 2024
  3. newwurldmn

    newwurldmn

    honest.
     
    #33     Mar 7, 2024
    zghorner likes this.
  4. ondafringe

    ondafringe

    When it's time to quit, you won't have to ask, you'll know... so keep working.
     
    #34     Mar 7, 2024
    Picaso likes this.
  5. ironchef

    ironchef

    More important than money, you are living the life you love instead of holding a job you did not enjoy.

    If you truly love trading, give yourself time. Start small, find a style that fits your personality, don't bet the farm and you will get there.

    I am amateur retail, have been at it since 2010. I share your pain and dream.
     
    #35     Mar 7, 2024
    Sekiyo, comagnum and zghorner like this.
  6. Just let go and enjoy your life, that's what it's all about.
     
    #36     Mar 8, 2024
  7. traider

    traider

    Just trade for a year more then you have enough stats to decide to quit
     
    #37     Mar 8, 2024
    Picaso likes this.
  8. ironchef

    ironchef

    If you are one of us, the over the hill gang, remember every year is like a 5% drawdown of the time remaining and unlike trading losses, you cannot get this drawdown back.
     
    #38     Mar 8, 2024
  9. Picaso

    Picaso

    IMHO, now it's not a good time to either 1) quit a job (that might not be there in a year if you want it back), or 2) rely on a repeat of the last 8 months of trading performance (which, regardless of whether the market ends up or down, will probably look very different).

    I share your pain and your goal, but I'd advise a bit of caution - and a probation period of an extra year or so.

    Best luck to you!
     
    #39     Mar 9, 2024

  10. What does your wife say?
    Is your mortgage paid off?
     
    #40     Mar 9, 2024