[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: Living as a trader - How to start?



PureBytes Links

Trading Reference Links

In a message dated 09/20/2000 10:29:54 AM Pacific Daylight Time, 
tllepp@xxxxxx writes:

<< I am thinking about taking a leap of faith and trying
 to live from my trading activites. It is really wired
 to think about this unsecured situation. Beside, I
 don't really have a trading system that works today.
 But, of course, I think that success in trading
 depends on the time you grant to the information and
 model reasearch.
  >>
You mentioned that you don't even have a trading system that works yet...then 
why would you even consider doing this professionally?  Once you have traded 
successfully for a few years then this is an area which you should explore.  
And you must be consistent.  If you can't do well consistently then it 
doesn't mean much as in most things in life.  Anyone can do well once in a 
while, but only great traders   can trade well consistently.  This is a 
performance oriented business.  What I mean by that is that it isn't like 
some business that you can just show up and make money, or some office job 
where you can just show up and get paid whether you worked hard or not that 
day.  This business is no different from what professional athletes or 
performers have to do.  You must perform well consistently under any 
condition. The fact that you say you don't have a trading system yet tells me 
you're not ready for this.  And whatever you do, don't buy someone else's 
mechanical trading system.  You may make some money some of the times that 
way, but you will never learn the way or learn to trade.  Good luck!   
-Sonny-