New to Forum; Not to trading

[Taylored001]

Hello.
I am 17. Too young to trade i am aware, however i'm turning 18 in a few days.
This is what i want to do with my life. Trade.
I currently do A-levels and have places to go do Law @ university, my ONLY reasons for doing so are to have a well-payed proffesion. However i am less sure this is my path following my success in trading over the past 6 months.
6 Months have passed since i read a book on Spread-betting, so i started a £500 account (using my fathers name) and have made it into a £58,000 account. I feel trading is how i am going to be succesful, my whole life i have wanted to be financially very succesful, i never knew how; Now i do.
I was never that happy with doing Law, i think thats why i got really into trading. I only learned what i needed to know to make money, i have no clue of the economical information and fundamentals behind stocks and i still cannot understand the Financial times. But i know how to make money.

The reason i came on this forum originally was to ask for help however i have managed alright and now i'd like for some help again.

I've been thinking that while i am going to go to university (to study something other than Law) and make my finance through trading. I'm not sure life will be fulfilling, not having a NEEDED job like everyone else. I want a job, but since i plan to make ALOT of money trading my job will only be from a hobbie point-of-view and i'm not sure what to do - I don't know what an enjoyable job would be. I've only considered jobs as a way of making money and now i'm stuck unsure what i'm going to do with my life other than create fortunes trading i hope.

My ambition is to own property across the world.

I've been trying to consider a job i may enjoy, oceanography for example but really i can't think of anything i'd REALLY like to do.
Advertising and Marketeting maybe, however it requires drive to get into and i'm not that passionate about it and the prospect of money won't propell me because i've found my way of making money i feel.

What can anyone recommend as a good job?
A good place to live?

I just want to plan my life in a way. I don't enjoy living in England, i want to move, i'm going to take a gap-year to try create alot of money so that i have financial freedom for university too. But yeah i just feel confused.

Sorry i've gone on. Any reply would be nice.
I'm very happy to trade, i really enjoy it; i just don't know what i'll do with my free time when i'm finished school and it worries me.

 

[KillPhil08]

University is a good life experience, although it is not necessary to get into trading. If you made £500 into £58000, why not continue that account and progress until you can buy your first property or go direct.

You'll also be building up your track record by doing so.

 

[rawrschach]

Your job can be living in a beach house in barbados and playing polo all day.

 

[Taylored001]

University is a good life experience, although it is not necessary to get into trading. If you made £500 into £58000, why not continue that account and progress until you can buy your first property or go direct.

You'll also be building up your track record by doing so.

Thanks for replying. Ofcourse i'll continue trading and buy a property
I just don't know what to do with my time during this. i don't want to trade in a firm, i'm proficient enough to make money at home. Finance is covered. I just mean in terms of free time, what to do. If i trade for the rest of my life what am i going to do while most people go to university and get a job etc etc. Should i get a job? Should i get an expensive hobbie? Any recommendations?
This has recently seriously been troubling me. When i thought i could make money trading, i knew really knew what it would mean for my life. I could quit my education now, which before was so neccessary.

 

[shadowninja]

In 6 months you took £500 and turned it into £58,000. In 6 months from now, you'll have £6,728,000 so screw university.

 

[timsk]

Hi Taylored001,
Welcome to T2W,
Job wise - how does the idea of saving the world sound?
If - as you claim - you can turn £500 into £58k in a mere 6 months, then there are governments the world over that desperately need your amazing talents. Failing that, your 'job' could be to support your favorite charities (you do have some, don't you?). Just imagine the pride and the pleasure you'd take from seeing people less fortunate than yourself leading more enjoyable, rewarding and fulfilling lives made possible as a direct consequence of your prodigious trading talent.
Just an idea :idea:
Tim.

 

[sighthound]

Thanks for replying. Ofcourse i'll continue trading and buy a property
I just don't know what to do with my time during this. i don't want to trade in a firm, i'm proficient enough to make money at home. Finance is covered. I just mean in terms of free time, what to do. If i trade for the rest of my life what am i going to do while most people go to university and get a job etc etc. Should i get a job? Should i get an expensive hobbie? Any recommendations?
This has recently seriously been troubling me. When i thought i could make money trading, i knew really knew what it would mean for my life. I could quit my education now, which before was so neccessary.

Taylored001 if youre trading goes well and you have an ambition to own property you may find the idea boring but why not look to working within the property industry.Not from a money or career point of view but to learn as much as you can along the lines of estate agency, auctions etc.Prehaps find someone that operates globally and find out all you can as there is an art to picking the right places to buy.

 

[2be]

Hello.
I am 17. Too young to trade i am aware, however i'm turning 18 in a few days.
This is what i want to do with my life. Trade.
I currently do A-levels and have places to go do Law @ university, my ONLY reasons for doing so are to have a well-payed proffesion. However i am less sure this is my path following my success in trading over the past 6 months.
6 Months have passed since i read a book on Spread-betting, so i started a £500 account (using my fathers name) and have made it into a £58,000 account. I feel trading is how i am going to be succesful, my whole life i have wanted to be financially very succesful, i never knew how; Now i do.
I was never that happy with doing Law, i think thats why i got really into trading. I only learned what i needed to know to make money, i have no clue of the economical information and fundamentals behind stocks and i still cannot understand the Financial times. But i know how to make money.

The reason i came on this forum originally was to ask for help however i have managed alright and now i'd like for some help again.

I've been thinking that while i am going to go to university (to study something other than Law) and make my finance through trading. I'm not sure life will be fulfilling, not having a NEEDED job like everyone else. I want a job, but since i plan to make ALOT of money trading my job will only be from a hobbie point-of-view and i'm not sure what to do - I don't know what an enjoyable job would be. I've only considered jobs as a way of making money and now i'm stuck unsure what i'm going to do with my life other than create fortunes trading i hope.

My ambition is to own property across the world.

I've been trying to consider a job i may enjoy, oceanography for example but really i can't think of anything i'd REALLY like to do.
Advertising and Marketeting maybe, however it requires drive to get into and i'm not that passionate about it and the prospect of money won't propell me because i've found my way of making money i feel.

What can anyone recommend as a good job?
A good place to live?

I just want to plan my life in a way. I don't enjoy living in England, i want to move, i'm going to take a gap-year to try create alot of money so that i have financial freedom for university too. But yeah i just feel confused.

Sorry i've gone on. Any reply would be nice.
I'm very happy to trade, i really enjoy it; i just don't know what i'll do with my free time when i'm finished school and it worries me.

Money is momey and time is time. One cannot buy time.
It is great that you find trading interesting and profitable. Being a student also should be interesting and profitable, especially if you choose to study something that interests you and if it can be usefull that might be a great bonus too.
As an example, information technology, or sciences could provide one with a good interests to follow while grounding one in the discipline to apply oneself to the serious studies which might be very usefull in the future. University years have proved for many to be very formative if taken half seriously, and I would always recommend for people to experience some form of further education.
I think that the youngest years are the best for business, and your advantage is that as a younger person you are able to take risks in a different way to the older person and also you are able to bear stress in a far better way at this age. My very close friend told me that if one does not make the first few millions before 21, it is more stressful to make it after, and many have sufferred greatly by following the miragge of reaches sacrifing their family life and often their own health.
Where does it leave you studies. I do not know, but I would encourage you to seriously consider taking some course which you think you will enjoy. ATM an academic year is only 30wks, so there is still plenty time to trade.
Best wishes for the future as I wish you to make good choises.
2be

 

[KillPhil08]

Learn to fly a plane,
Take up skydiving,
Take up gun shooting,
Take up a martial art,
BECOME JAMES BOND.

 

[shadowninja]

Or set up your own SPECTRE organisation.

 

[rawrschach]

No,

BATMAN

 

[KillPhil08]

If this group Reaches 150,000 members I will name my son Batman | Facebook

 

[Taylored001]

Rofl just to clarify, i meant £5k, not £500.

Interesting reading this now that i've made my mind up about university

 

[KillPhil08]

whats happening to your uni life then?

 

[0007]

If you can seriously make enough money from trading not to need a paid job, then you are in a very fortunate position. Paraodoxically this will make your life choices far more difficult than it is for most people where the need to have a job to survive is paramount and they don't really have much choice.

One of the things you may find (and i have experienced this myself and know of others) is that once you have sufficient money for your needs (and that doesn't necessarily mean being very rich) then money of itself becomes relatively unimportant. What matters then is what you do with your life and what you want to change / achieve etc etc.

So have a good long hard think - you are lucky to be potentially in this situation so early in life: many have to wait, some never arrive. Get out and do everything and anything; meet and talk to all you can - you will find your niche.

If I had my opportunities again, I'd see a bit of life, do some proper jobs (ie the down market stuff - see how real people live) and then do the university bit when it may be more meaningful and you can get more out of it and dare I say it, you can give them something back (some of them in academia have never been out into in the real world). In fact, when I think about it that's just what I did do and I've no regrets.

Good luck.

 

[Taylored001]

whats happening to your uni life then?

Reapplying next year so i can have a gap year to travel/trade/work experience. Then doing economics at UEA or Exeter or somewhere like that. Alternatively, UCAS do this thing where any free spaces on courses left can be filled up after results recieved, so anything that looks good then i may join as long as its not law

You?

 

[Taylored001]

Killphil your at uni yeah? Did you take a gap year?

-Taylor (So sexy, its unbelievable)

 

[Taylored001]

I also had a crazy revelation that after university i'm going to open my own lil' coffee shop somewere in the world 'Taylors Coffee lounge'

 

[mb325]

Find something you're passionate about and work in that area. I did a ski instructors course, cost a lot but you can afford it. Open a coffee shop. If you like Economics why not teach part-time or something?

I was in your position (minus the £5k-£58k!) a few years back, went for the economics degree, and right now I'm looking at a years placement and final year which I really cba with. I have no time to devote to trading (and with your style you won't have either) and uni just seems like a waste of time when the only thing I can see myself doing/wanting to do is trading.

 

[Taylored001]

Find something you're passionate about and work in that area. I did a ski instructors course, cost a lot but you can afford it. Open a coffee shop. If you like Economics why not teach part-time or something?

I was in your position (minus the £5k-£58k!) a few years back, went for the economics degree, and right now I'm looking at a years placement and final year which I really cba with. I have no time to devote to trading (and with your style you won't have either) and uni just seems like a waste of time when the only thing I can see myself doing/wanting to do is trading.

Okay, thanks i really appreciate your reply. I love ski-ing But got **** technique lol...

I'm the same, the only thing i can see myself doing/wanting to do is trading so i feel university and currently to be honest, my a levels are pointless. But i want to go university, just as something to do, to meet loads of people and get smashed every night. I don't want an education out of it because i never want a job - I know how i'm going to make money. Although i HAVE to do something, so why not economics, may help me learn fundamentals to trade long-term stocks when i'm older.

Its funny, i meet a ski instructer who was at university doing economics in February... You don't look like Arshavin do you?