1) getting a solid education -- bachelor's, master's, and J.D. in my case. In this regard I highly recommend choosing a field where you must be certified to get the job (i.e., nurse, doctor, lawyer, accountant, teacher, etc., etc.). In other words, forget the marketing degree (or make it a double major ). 2) marrying the right woman -- for me, it is someone who would stay home and raise the kids. Just make sure you know what "right" is before you jump. 3) putting together a (business) plan -- if you must trade, figure out how you will acquire the necessary experience and starting capital (as needed). If this means working for awhile doing something else, don't shy away, consider that "work" a means to an end. Doug
My thinking is, if a person can actually afford a Ferrari, he/she already has a successful business. -FastTrader
The zo6 is screaming my name, but no more 50k cars for me. I totaled my first one and it was to hurtfull. I have the "live way beneath my means" mentality these days. And I still get the hotties. I still think I spend to much on clothes. But what can you do?
trade4 I started thinking about your question,(especially the what would you do different) part. Whew! All I will say to you under 25 folks out there is: Those decisions you make today that you think are trivial and will have no bearing on course of your life, well THEY DO! Choose Wisely my fellow traders.
Great thread! Very interesting comments by our more experienced member and even the younger ones. Thank you! To Vegasoul I would say from my humble experience: It is beneficial to your trading to make some time for having fun. -edit: to have a fun life beyond trading- Having fun enhances your creativity and thinking power, IMO. In reference to the several members urging to take advice from your parents: What if your parents are both socialists who believe the surest road to eternal bliss is graduating in something like sociology and then start working for the government in a social welfare related field? Well, they are not at all that stupid besides this
A advantage that you have as 25 years old, is that you do't have lote of money, to put lote ot money for trading as biggner, so you won't lose that much. I had lote of money as 30 years old, and lost $30k in the begining.