Newbrumbloke, recall what you said back in February:
http://www.trade2win.com/boards/showthread.php?t=14384
“I found this site to be a gold mine!! reading the discussions are very informative.”
“Now im totally obsessed with the prospect of becoming a full time day trader . . .”
Frustrated ?
Advice to stock investors is to invest in stocks they have some affinity towards, eg a person owns an Apple computer and buys the stock, a person is an engineer so invests in engineering associated companies and so on. Some people only ‘invest’ in mortgages, guaranteed bonds etc and think of ‘investing/trading’ as nothing less than gambling. The redundant 70-80K pa broker you refer to is first – or was a professional; that infers he’s gone through a learning/training process, knows what he’s doing, has prior trading experience and a high level of interest in earning a living by trading at home, his place of
business.
You didn’t mention Newbrumbloke if you are trading, if you are making money and by trading what ?
What’s your interest in trading Newbrumbloke, have you been made redundant, do you just want to make some extra money, fed-up with your current employment/life, do you need to generate an income, do you want to ‘get rich’ or is it the bling-bling of daytrading that’s attracting you ?
Have you asked and answered ‘Is trading for me ?’, or is that the question that’s frustrating you that you’re now having to ask yourself and answer ?
There’s several financial vehicles/instruments that can be traded, I chose fx because of the low Account/Trading Margins. Trading doesn’t require endless hours in front of the computer monitor, trading can be done on a Day-to-Days/Weeks basis very profitably:
“ If you do 10,000 trades in a year and make £25,000 is this not the same as doing 2 trades and also making £25,000? ” from Anley in your previous thread.
Some individuals are naturally inclined to short-term day/intraday scalping/trading – but not everyone.
The birth of personal computers and Internet has provided an endless means of making money, earning an income in an endless variety of ways – from ‘home’.
I watched the recent CNBC documentary about eBay notably how ordinary people started businesses out of their homes via the net/eBay, some after selling a couple of items they just wanted to get rid, selling the product/s of their hobby, some out of the necessity to generate an income.
‘Trading’ is obviously profitable, it’s ‘what we do’ and have been doing since ‘caveman’ times, and ‘financial’ trading is extremely profitable – if that’s your thing.
While ‘your question’ “Is trading for me ?” is only going to be answered by yourself, you could also look into:
1) a mentor/s
2) a trading group
3) demo trading
4) trying this route:
http://www.trade2win.com/boards/showthread.php?t=15663
5) all of the above