Hi there
I am Narendra, a 38 year old who is thinking of getting into Trading on a full time basis. After working in the corporate world for the past 17 years (and have nothing much to show for it), I am looking at this as a profession in all seriousness. I know it seems like the worst thing to do, so would love to hear what you have to say about it. Have any of you made the switch successfully? If so what are/were the pitfalls/difficulties?
I have been investing in the stock market for over a decade and did make some money out of it, which was spent in acquiring real assets like a home. A long spell of joblessness is making me to consider this as an option. Would like to day trade and invest for the short term as well. Day trading will come when I think I can read the fast paced market well.
Right now reading up and doing a lot of learning from books and so on. Have known and have added some more of Technical analysis knowledge as well. Trying to learn how to put Technical analysis to day trade and short term trading.
So here is what i am for:
Learn a lot more from people more knowledgeable and experienced than me. Anything from "don't get into this" to "you need this and this before you can get into this". Or anything that you have learnt and would not mind sharing.
What would be the minimum capital that you would say would be good to make a start?
What kind of and how long of a learning curve are we looking at here?
What kind of return's (on annual basis) do you manage to get thru day/short term trading?
Anything that you would like to point me to or see as a new comer here?
Note: I have done quite a bit of reading/learning till now and know quite a bit about the markets, but would like to hear your take or experiences. I am just about starting to research/look around this site and I find it is a treasure trove of info, but would take time to go thru.
Thanks for reading thru and any advice you have.
I am Narendra, a 38 year old who is thinking of getting into Trading on a full time basis. After working in the corporate world for the past 17 years (and have nothing much to show for it), I am looking at this as a profession in all seriousness. I know it seems like the worst thing to do, so would love to hear what you have to say about it. Have any of you made the switch successfully? If so what are/were the pitfalls/difficulties?
I have been investing in the stock market for over a decade and did make some money out of it, which was spent in acquiring real assets like a home. A long spell of joblessness is making me to consider this as an option. Would like to day trade and invest for the short term as well. Day trading will come when I think I can read the fast paced market well.
Right now reading up and doing a lot of learning from books and so on. Have known and have added some more of Technical analysis knowledge as well. Trying to learn how to put Technical analysis to day trade and short term trading.
So here is what i am for:
Learn a lot more from people more knowledgeable and experienced than me. Anything from "don't get into this" to "you need this and this before you can get into this". Or anything that you have learnt and would not mind sharing.
What would be the minimum capital that you would say would be good to make a start?
What kind of and how long of a learning curve are we looking at here?
What kind of return's (on annual basis) do you manage to get thru day/short term trading?
Anything that you would like to point me to or see as a new comer here?
Note: I have done quite a bit of reading/learning till now and know quite a bit about the markets, but would like to hear your take or experiences. I am just about starting to research/look around this site and I find it is a treasure trove of info, but would take time to go thru.
Thanks for reading thru and any advice you have.