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Showing content with the highest reputation on 10/14/2021 in Posts

  1. 2 points
    @Drizzle_268 I was thinking about this further after my reply. I was exactly where you are many years ago. Fortunately, I quickly realized that I could make better money in a much more financially responsible way, continue plying my trade. I went to an options class and a couple of follow ups just on a lark in the 90's. At first I bought the whole line, we are talking about the dot com 90's, all you needed to make money was a pulse, or so I was told. I realized it would take a lot more for me to do it without just making it a gamble. So I played with options off and on for 20 years, making a little money and learning a little but continuing to work full time. My point is that if you believe that this is something you can do with a couple of months hard training, it will put immense pressure on you psychologically, as it did me. That's why I dropped it so quickly, I was not about to embark on the learning path in a way that already had me tied up in knots. It was 20 more years before I retired early and applied myself to options trading full time. It doesn't matter how good at options trading you are, if you have that huge load of psychological pressure, you are going to screw it up. Just my 2 cents. The last 3 years, learning and applying it full time has been fun, especially the last 1.5 years with SO.
  2. 2 points
    You're right about the withdrawals and such but you've put the cart before the horse. Learn to trade, get consistent, see how much profit/loss you can make consistently, then think about what you might be able to do with that source of income. What you are saying is that you intend to start making a living as a mechanical engineer. I don't want to shoot you down but it'll take you a while to learn the skill/trade/art of trading, just like being an engineer or nurse or business manager. And not just a couple of months.
  3. 1 point
    You are clearly better at running a business that I was, I barely had time to breathe. Be careful what you wish for, LoL, it grew and I became a desk bound administrator. When I sold it, the relief was so great it is hard to describe, I was about ready to take a long walk off a short pier. I miss having a dog in the fight and taking all my aggression out on getting more work and completing what we had, but not enough to make me ever want to try again.
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