If so, was it worth the money? he seems pretty legit from what I have read but I was curious if anyone has first hand experience at implementing any of his methods. Thanks!
Tag Archive for 'money'
I have saved up quite a bit of money and want to start day trading. I have quite a bit of time before I go back to college and would like to open an account to start trading.
I am looking for seminars that offer training on trading. how do I go about looking for seminars in my area? Do brokerages offer them or what? I am in the DC metro area.
Any advice on the matter is appreciated. thanks.
Is there any way to find out? if it were possible for the average guy to make a living this way, almost everyone would be doing it. You would have millions of people quitting their jobs and selling their houses, cashing in their 401(K)'s to do it.
I know there was a lot of day trading in the late 90s and most of them probably got wiped out when the bubble burst in 2000.
What about now though?
The main reason people cannot make a living trading is due to emotion and cash…too much of one and not enough of the other. Day trading is a game without rules, it will take you a while to learn it…so do you have enough money to discover the rules before you have to quit?
Try day trading while you are at work with Cool Trade, just develop (or copy) a strategy, let it run during the day, tweek it at night and when it makes enough money for you…quit your day job.
you answered your own question.
Take the time and go back to school, if necessary, and get a skill. Then save save save.
Day trading can be good or bad, one day I made over 75.000US. only to lose more then that in the next month, basically after 6 years of trading I came out under par… and gave it up for a mundane job flipping burgers..
Most people lose money on it. They get swept up by all the media hype and think they can make big bucks. even for the professional managers, its hard.
What's possible is only in your own mind. is it possible to carry around all of your important documents on something smaller than a quarter? 20 years ago, no…
So, possible and liklihood are two different things. does the average joe want to put in the time, effort, and emotional effort to master a skill?
I would really recommend a book called "Mastery" by George Leonard. it has nothing to do with anything specific, but everything to do with everything, if you know what I mean. there are alot of sports analogies in it, but the lessons are a part of everyday life.
So, in answer, there are alot of people who make a living from trading. The question is how do you define a living. For some, success is a couple grand a month, for others it's $1 million + per year. All I do know is that it takes persistence and dedication to any craft to become successful at it. Football takes years of development for an athlete to become pro, and none achieve the same level of success. Brain surgeons, the same thing, stay-at-home moms, too.
So, is it possible? YES!!!!
Am I doing it? Not yet!!!!
Can I??? YES!!!!
Will I?????? ??????
