Have a high net worth to expense ratio such that your required rate of return offers enough margin of safety against your expected return and you have alternatives/hedges if trading doesn't work out. For every person this calc is different. I know two guys who made a run at it. Both had net worths in the few million dollar range: one through entrepreneurship and the other through a wall street job. The entrepreneur is still going after 20 years. The Wall Street guy had to go back to work after a few years. Different cost bases and different alternative options. This is like finance 101 type analysis. If you can't or are unwilling to do it (despite being close to completing a finance degree), then that will tell you whether you should do it at all.
Will do thanks, but you also have to consider, what you want to do. As I said I would rather make 75k/ year trading than 150k/year working a finance job. And I do feel that 75k/year is quite feasible with a 500k account considering that I make close to 100k with a 200k account.
The education seller is just another broken soul /cnbc shut in--getting his limited jollies acting like an "insider". Lots of psychosis in this biz.
when he gets totally deluded with phsychosis , the fuckin idiot will be under emotional hijacking of a trader . At least now part timer has self dignity and can think clearly and trade clearly , otherwise he will end up as a baboon as a guinea pig of stress anylysis example of all E T members.
I just "blocked" him recently tradingeducationbuyer or whatever his name is....ET is so much better now without having to sift through that garbage.