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My 2 cents ...
Any change of life one undertakes is always a leap into unknown. So, you never know.
Another insignificant wisdom I want to share (sorry <g>) is that life is stressful.
But trading is exceedingly stressful profession. Moreover, to succeed you have to have
not just an ability to sustain the stress, but also to operate efficiently under the
stress. Actually every day, and in many cases it means not an ability to act fast (like
firemen, paramedics), but rather to act slow, i.e. to have enormous patience. The
problem is that MOST OF US KNOW LITTLE ABOUT OURSELVES IN THIS
RESPECT UNTIL WE GET INTO THIS. Underestimating this part is why, IMHO,
so many people fail in trading. Not because they are not too smart or know little
about markets, modeling and/or programming.
Well .. seems I am about to offer an almost silly advice - see first if you can swim
before jumping into it.
By the way, I wouldn't count on profits from trading for a couple of years, at least,
even if things go well. To wise up one has to go through great disappointments, it
applies to trading, too. I wish you all failures one can imagine fall on your first
trades, hopefully moderate bets. I was myself lucky enough to have a huge monetary
loss with my first trades - it sobered me quite a bit and its lessons served me well
later.
Cheers, Vitaly
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