Trading fulltime retail with $50k

Discussion in 'Professional Trading' started by wiesman02, Oct 18, 2007.

  1. What does FRV, DU, and Tuc stand for?
     
    #111     Feb 29, 2008
  2. Sulu268

    Sulu268

    Don't bother trying to figure it out -- Somebody on another post wrote that Hershey is just a scammer.
     
    #112     Feb 29, 2008
  3. nkhoi

    nkhoi

    First Raising Volume, Dry Up, and Tucson?, AZ. Just a wild guess Tuc could be something else entirely but I am pretty sure on the first 2.
     
    #113     Mar 1, 2008
  4.  
    #114     Mar 1, 2008
  5. who does not want financial freedom without doing a regular job..
     
    #115     Mar 1, 2008
  6. You will note that guy you refer to took about 33 minutes to post that he didn't get it.

    So you get to see "the filter" at work. Both of you are going to stay just about where you are by your choices.

    That's life.
     
    #116     Mar 1, 2008
  7. From someone who did it all of the ways, I will tell you, that the period where i had no extra job and just traded, was the best period of my life.

    Early this year I had the opportunity to do some lucrative consulting work for a firm. I took the work initially and my trading suffered. It took me 3 weeks to realize that the 6 or so trading hours (I trade us equities) in the day are enough work.

    I need time to reflect on my trades, relax, sleep, get exercise, play tennis, be with my family and friends.

    Having a full life and a happy feeling (inner happines) is really my fuel for success. The money will come, obiviously you need to ask for the amount you want. But then let that go and just trade. If you have 50k, don't lose more than 250.00 on any one day. I promise if you stick to that, you will start spending less time worrying about loss.

    The upside of that is that your energy will be focused and ready to trade big on days that you have a lot of advantage..and, myfriend, that is where you make your money as a trader.

    With 50K, don't lose more than $250 on any single day. That is your goal, and I bet you will not be able to do it perfectly, but that is your goal. You can have a great happy life when you follow this rule, and all of the learning about making money will then have a chance to materialze in your life.

    By the way, regarding your expenses, there are plenty of ways to make that work. Just focus on what you really want, and if you love to trade, it will work out.

    Accept the help of all of those who offer, and be willing to receive it.

    I did things like that, and that made the difference in my career.
     
    #117     Mar 1, 2008
  8. Tums

    Tums

    #118     Mar 1, 2008
  9. For some reason, people have been try to decipher what Jack Hershey is trying to say for a full millenium.

    If you don't have the big 64 Box of Crayolas with the built in sharpener in the back and lots of white paper to scribble on you will also never know.
     
    #119     Mar 1, 2008
  10. From someone who did it all of the ways, I will tell you, that the period where i had no extra job and just traded, was the best period of my life.

    Early this year I had the opportunity to do some lucrative consulting work for a firm. I took the work initially and my trading suffered. It took me 3 weeks to realize that the 6 or so trading hours (I trade us equities) in the day are enough work.

    I need time to reflect on my trades, relax, sleep, get exercise, play tennis, be with my family and friends.

    Having a full life and a happy feeling (inner happines) is really my fuel for success. The money will come, obiviously you need to ask for the amount you want. But then let that go and just trade. If you have 50k, don't lose more than 250.00 on any one day. I promise if you stick to that, you will start spending less time worrying about loss.

    The upside of that is that your energy will be focused and ready to trade big on days that you have a lot of advantage..and, myfriend, that is where you make your money as a trader.

    With 50K, don't lose more than $250 on any single day. That is your goal, and I bet you will not be able to do it perfectly, but that is your goal. You can have a great happy life when you follow this rule, and all of the learning about making money will then have a chance to materialze in your life.

    By the way, regarding your expenses, there are plenty of ways to make that work. Just focus on what you really want, and if you love to trade, it will work out.

    Accept the help of all of those who offer, and be willing to receive it.

    I did things like that, and that made the difference in my career.
     
    #120     Mar 1, 2008