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Trading for yourself is the hardest thing you will ever love..
My advice is trade for someone else (someone or some institution that
is very sucessful). Do this for a few months-yrs...and when you tell
yourself
"I can do this w/ my own money and make a fortune"....then do that.
Trading alone from your home....and suffering times when there is
nothing
to do is the hardest thing in the world...........You didn't make money
last mo....but you
still need to pay the mortgage........how do you really feel about that?
Paper trading is bull---- by the way. Take some time off from day job
and
trade full time. If you haven't made enough in the first 3 days to pay
the months mortgage and food
you need to give this more thinking.
Mitch
> -----Original Message-----
> From: Gene Batten [SMTP:mdleb@xxxxxxxxx]
> Sent: Thursday, May 21, 1998 10:16 AM
> To: RealTraders Discussion Group
> Subject: Trading for a Living ??
>
> As a new member of this list, I have observed that there appear to
> be
> several members who are professional traders or who make their primary
> income from trading.
>
> Like many others, I have considered (fantasized) about day trading
> for a living. However, like most things, I know that it would be
> harder
> than it appears, so I am keeping my day job for now.
>
> If there are members of this list who would be willing to
> publically
> share their personal experience about full time trading, I would love
> to hear from them. Perhaps there are others here who would also like
> to enter this discussion and add comments or ask questions.
>
> I would be particularly interested in the following questions:
>
> 1. How did you make the transition to full time trader?
> 2. Would you do it again?
> 3. What do you like and dis-like about full time trading?
> 4. What is your trading style, what markets, etc.
> 5. What has been the most challenging aspect of full time trading?
> (ie. money management, personal psychology, emotional control ??)
> 6. Without giving away secrets, what are some of your strategies,
> methods, etc.
> 7. How much capitalization (account size) is needed?
> 8. What kind of returns have you been able to achieve?
> 9. Any other info that you think is meaningful and helpful.
>
>
> Thanks,
> Gene Batten
> mdleb@xxxxxxxxx
>
> PS. After today (5/21/98) I will be off-line until 6/2/98.
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