Could I get extra pomme frites sauce also?
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Could I get extra pomme frites sauce also?
A visit to the local casino would provide you better odds.
Roulette, strange numbers are favored this season.
Well I went down this street actually. I can tell you a bit. I dropped from college and began in 21 trading stocks and stock choices, went from $ 8k to 6 figures to $25k. Ups and downs and blew my accounts several times. Several times really broke. Moved in a few times. Started some side companies to get money to fund a different trading account. Have unwanted enterprise.
So if you're seriously interested in buying living then be ready and willing to take a roller coaster ride and have the stomach to manage unpredictable events and times where you'll have a bunch of money and times where you'll be bankrupt. It is not for everybody, I think without needing to deal with these issues, people who value security and having a normal paycheck would get ulcers.
Here is pieces of advice to you, these are things I had to learn.
1. Money out consistently when you have profit and windfalls. Once you have enough to cover bills or set it in case use some of the money to sock away into other resources ASAP.
2. Never get cocky or arrogant when you do have a huge profitable week, month, or year because right after you do, then disaster might strike and you could lose it all.
3. Figure out if your capital is sufficient to sustain your way of life and cover your statements. Do not go all in if you have $ 1,000-5,000, and quit your job/school.
Anyways, Fantastic luck. Win or lose don't take it so seriously, you can trade. Oh, one more bit of information, don't rack up tons of credit card debt to fund trading accounts or rack up tons of it to cover your statements on a losing streak. And don't take out any private loans for it. Do not borrow from family. Ensure that you have a minimum of three months of living expenses.
Great article
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I thought about it and here is a couple more things I would tell myself when I thought about going down this road again once I was 21. NO ONE told me these things when I was young and thought I knew what and everything I do and I was a great trader. Rolls eyes at myself, haha.
I began a lot of my accounts at $5,000-$25,000. I really managed to scrape together $25,000 (daytrading requirement) 3 days to begin, arghhh, it was hard and all I had at those times. Forex is easier in a way than shares and options so I'm glad I'm doing forex rather of this. But the challenges are similar.
You need to handle several contradictory goals/challenges with dealing with cash control of your account. Here's an example:
You start with say $10-15k. In forex that is great. But if you were trading stocks/options, you would need at least 25-30k (even then it's really hard).
1. You want to cover your living expenses and invoices. Say $3k a month. So you NEED to make at least that. Imagine its pressure every month weighing on you.
2. You need to cover losses and pay taxes. I wish this was not the case. Therefore, if you lose $2k, you need to bring the account back to where it's before you can take out cash. Double trying.
3. You want to take out EXTRA cash to put into a savings account for emergencies or to conserve up funds for if something happens and you dismiss your account. It happens.
4. You want to grow your original account so you can stop living on the edge. In the event that you had a larger account, say $100k then all these challenges would be easier to manage. But my family is poor and I never started with $100k. So in your haste to grow your account you simply take risks and you also do things which has the effect of damaging your account or blowing it all.
Emotional and plogical stress big time. Like sweats and sleepless nights of what the hell am I doing? All of my bills are due, arghhh... No health insurance unless you pay for it yourself. If your friends have jobs at fine corporate offices and they ask you what you're doing and you're like oh I'm daytrading. And they say wow, you ought to be making great money. Haha. . .sometimes. Family/friends telling you when things suck, that you're wasting away your life.
What do you have to deal with when you're good? Well, family and friends thinking that you ought to pay for dinner, then buy them things, and take them on trips when you're thinking finally I'll have enough cash to sock up for an emergency fund, proceed on vaion, buy a better car, etc. before the next disaster. People getting jealous of you when you are finally taking it somewhat easier and enjoying yourself and saying things like I must head to work, oh it has to be so simple for you and make all of that money and you get to stay home. So some of them forget how they look down on you and the things that are mean they say they've flipped to becoming stranger to you and when things were poor. Within this company, you find out who your family and friends are.
I really want someone told me that.
Great advice! Thank you for sharing.
I'd like a # 3 and a small coffee the sandwich . Thank you.
I like your boldness.
That I have no buts a simple reminder of everything I've learned from experience
Never believe in a straight Line
Although yes you have nothing else but to endure when you have burned your boat.
Have a Prosperous trading Experience!!!
6 characters and you blew this up? I would have felt devastasted. From nothing to millions I'd have withdraw most of it, and go back to the beginning.
But thanks for sharing your expertise
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