Wow only 2% draw on one of the riskiest asset classes there is, incredible. Easy answer to your question. There is no transition, at least for me. One day I had a full time job, then I quit and just focused on trading. My vote is #3 on my above post.
Thats what I worry about, how do you know how much to save vs spend? or you just go about it like a regular job. I feel like I need to save all my profits for when that day comes.
Personally, I just like to have at least 1 year living expense set aside no matter what. I'm comfortable with that amount.
Keep it that way, many people have an opinion especially on open forums. If it works then keep going with it. It's very easy to be distracted by the ideas of other people, often having another agenda. Finish your studies, the backup is useful in the future. If the system stops working or you want to try something new and it doesn't pan out, take a trip for a few months with the profits. Travelling is the elixir of life. Come back and try again with a fresh perspective. At some point it will feel right to transition full-time, if you need to ask anyone else's advice usually it means you're not ready. If you have two choices, and not sure which to take, always go with the least aggressive. That's it, you're already beating 99% of people who try trading, keep it simple and good job.
Thanks much appreciated, I already take a few trips a year and I always come back fresh and better. I'm just going to have to focus on building other income streams as a back up, or focus on another system.
These small companies are very weakly related to the market and I only trade Canadian companies in the TSX and TSX-V which has been in a bear market for some time now and my returns were not really affected
You obviously have a gift, be careful of what happens next. I started with a gift, in keeping my distance became was very successful, being nice I unknowingly listened/subjected myself to IYIs (Intellectuals Yet Idiots), it caused an implosion, and had to do it all again. Fortunately I had a backstop of what I did before the IYIs which stopped the rot, my recommendation, avoid the IYIs like the plague and stop at the second point, it's a less drama filled life. Hope it all goes well.