No, I'm dead serious. Again, maybe I am too trustworthy but I really thought there would be people who would sell a profitable system (again with proof) or teach for a % of profits, etc, or someone who developed something who cannot get into a prop firm or pass the exam or simply doesnt have the funds to trade it.... Again, I know its a longshot and if it dont work, so be it........I will definitely due my due diligence before I do anything.
Partially correct. Quick background: Worked in management for 10+ years, dabbled with stocks. Lost my job, knew medical was the safe way to go. Wife has been a nurse for 22 years, she is a director of patient services (DPS) (very similar to myself as a DON). I received a computer science degree when I was 19. I am also network+ certified through CompTIA (still current, grandfathered in, NO CE's required--unlike now!!!) Tried to get a job where I lived but with no experience, no dice. Couldnt move at the time, said ok, medical time for me. Wife has pleaded with me for years to get into the medical field. Anyways, shadowed a bunch different career paths, PT, OT, RT, ST, US tech, Nursing, etc. Originally, I was all set to get into PT. Last second, I said I'm an adult, I can and will deal with the blood. That was it. Breezed through school, was 5th in my class out of 50, did very well at clinical. Never would have thought I could do it. Very 1st clinical, they needed a catheter changed, I said I would do it, jumped right in, did it, from that point on I knew I could get through this......I always knew I wanted to do the management side of nursing, not the hands on, although I enjoy patient care, I would rather call the shots......... With my background in management, I was able to start out better than most people. I was a nursing supervisor and one day they led my DON out in handcuffs, met with the president since I was 2nd in charge at the time and was offered the job on an interim basis. Interim turned to permanent. Thats it in a nutshell. For me to quit and start trading, it's going to take a lot. The good news, I can work in any city/state in the USA if trading didnt pan out. I'm torn, we shall see if this pans out or not.........
There are a million better outlets to find guidance then ET. Con men are attracted to this site like moths to a flame. At the very least, never do a business with a man you can't look in the eye. Make sure you vet his credit (very cheap nowdays) and get letters of reference. But even if you do all three, good con men can pass all these tests.
In your case, I recommend learning how to invest, not trade, at www.bogleheads.org. If you have $1mn, you should realistically be able to come up with a plan that allows you to withdraw $30-40K/year inflation-adjusted for spending.
+1 market timer OP DON RN, What is the base rate of success for what you are looking for? What have you learned about yourself and trading that makes you think there will be anything different in your performance, even if given the Holy Grail?
Seconded. OP - What methods have you tried? How many systems have you tried? How long did you stick to each one? Did any of them have a positive expectancy over the long haul? What time frames have you attempted to trade? What is your best trait? What is your worst trait? Do you like Gambling? Have you ever logged statistics on your personal trading?
Seem interesting links: http://www.bogleheads.org/SitesOfInterest.php Where do you find the above return rates? Risk-adjusted? http://investing.covestor.com/2012/10/what-is-risk-adjusted-return
LOL. Thats what gets me about people on this site. They make claims but are insulted or too private to post proof to back it up. What happend when people said I was full of shit? I posted proof!
What is it you love about trading if you haven't been able to make any money at it? I'm pretty sure that just under 101% of the folks trading for a living here trade to make money.
I am looking for something that is consistent which is sort of an oxymoron because I know the markets are always changing. I know I have to change also and that all edges will become obsolete, at least ones I have used before! I learned in trading that if you 'outhink' the system and use discretion instead of hard rules you will end up costing yourself more capital. Many of times I exited too early because of what I was ahead or exited because I was out more than I could handle only to see that if I stayed in, it reversed and I would have made money. So, discipline is key. Not trading to big. Not thinking the markets are out to get 'me'! I would hope that by being older, wiser, better off financially, I would be an all around better trader.....We shall see.....