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I traded full time a few years ago, so here are a few thoughts:
1. It's more difficult than you think. It's very different trading
while having the security of a paycheck than trading to produce income
2. It takes a long time to get consistently profitable. Read Marty
Schwarts's book "pit bull" for an account of what it likely will take
you.
3. Realize than Metastock is nowhere close to what the big
institutional guys have at their disposal. Also, you will likely be at
a disadvantage with execution and commisions. Your methodology has to
more than marginally profitable on paper to be profitable in real time.
4. Do the math on the amount of capital you have. If you have 100k and
can generate 5% return per month consistently (which is very good for
most of us), you may only be able to cover your living and business
expenses.
Anyway, I enjoyed the ride. Best of luck !
Allan
--- Hey it's Gregoire <happy_greg@xxxxxxxxx> wrote:
> Dear all,
>
> My question is not about MetaStock. However, I
> realised that there are experienced traders on this
> list who could really help me.
>
> 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.
>
> I just feel that it is what I want to be doing, but I
> want to make sure that I do it the right way.
>
> Anyone who wants to recommend, advise, or even share
> opinion is welcome to help.
>
> Thanks.
>
> Greg.
>
> __________________________________________________
> Do You Yahoo!?
> Send instant messages & get email alerts with Yahoo! Messenger.
> http://im.yahoo.com/
=====
---
Allan Havemose, Ph.D.
havemose@xxxxxxxxxx
havemose@xxxxxxxxx
__________________________________________________
Do You Yahoo!?
Send instant messages & get email alerts with Yahoo! Messenger.
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