Sir
I know that we have some veterans here.
I am just a newbie. I am willing to work my ass out on charts and all and go about it in a structured manner but
I just want an opinion on whether trading for a living is a practical scenario? Does it cover the opportunity loss of quitting a well paid job.
(Forget about risk. willing to take it)
Thanks
Hi raj1688
If you plan to live from trading, act as you would do when opening any other kind of business by your self. Let you teach and teach your self.
You would not open any shop with no knowledge. Opening a shop only with the idea : I have a lot of money and I can stand losses, is not my world.
If you not have a lot of money, the best power you can bring in this business is knowledge.
If you have a lot of money, the best power you can bring in this business is knowledge.
If you are willing to live a normal live in the first five or then years by doing this business, working for hours every day, having sleepless night at the beginning, asking your self if you can survive and never give up to learn more, you will have a change to survive.
It is in your head to make the choice to trade or not to trade. It is in your head to accept, that this is a job and it is in your head, why you choose this job.
If you choose to trade by your self, that road must not be straight. You may work first in a company, after that you work by your self, after that your friend gives you an offer to look for very big money, after that you work again for your self, after that you teach trading, after that you write a book, after that you trade again with new ideas and so on.
Check your head and you will find your answer, if it is a practical scenario.
DanPickUp