For those that are full time now-how'd you do it?

[brownsfan019]

I agree that wanting to make it as a trader is an important component. Just wanting it is not enough in and of itself; however, w/o it I think it would be hard to stick around during the tough times. With the cost of entry so incredibly low, esp in futures and forex, anyone can open an account w/ the hopes of becoming a millionaire in no time. It's the people that want to build a successful and consistent business that have better odds of making it in my opinion. Once again, I think a common theme here is that you go into this treating it as an actual business. I think that changes your mindset. For example, if you wanted to open a restaurant, retail shop, etc. you have to know going into it that it could take YEARS to develop. It could take YEARS to make a profit. As long as you go into it with that expectation, it's much easier to weather the storm. Same can be said of trading - if you expect that learning this trade will take years of study and application, you have a better chance of 'making it'. If you come into this with $2500 and a futures account in order to double it each week, I hope you at least have fun trying to chase that impossible dream.

[namstrader]

Yep this is the Law of Growth. Thoughts and circumstances build upon themselves and the more begets more. So incremental actions toward our visions and the unshakable faith in the vision and especially YOURSELF. "YOU ARE THE DOG THAT BITES YOU", we are, ourselves, in the way of increase.

Man, remember this.... (saying to self, not preaching), that the Universe is abundance not scarcity, get the vision or where ya want to be, have it now as if you received it, let the vision guide all actions and exercise gratitude. Let go of all the conditioned crap called the life principles that I think Kiev said in "Trading to Win" or Mark Douglas not sure, that have screwed us up in our expectations or protecting the ego's status for others. Just become a "HOT WIRE" that is tapped into the circuit of power, which is the Infinite, and tell it what you want cause, as I am now trying to grasp, it is all "ONE BIG THOUGHT" and we are just channels or instruments for the Whole to express as individual parts of that Whole. There are no favorites, it is available to anyone that can see the laws that exist. Simple as a pimple. Just seek expression as a mini creator and not as a competitor. Just go make bank, with just doing today excellently in a certain way, however you define it, from within.

Hey, I claim only to be one who wants to be greater than I am now. I have little success now materialistically, and this is reflective of my thoughts within, thats all. We get what receive and I am learning that the cause is always from our own thoughts;Look not else where, it is all YOU, that is why we are all perfect and at equilibrium because what we give, we receive.

So have strong thoughts on the vision and not the known, or seen here now in the objective world. The Unseen is where it is all created so go think about it, with actions and applications or systems you have evolved to know, and have faith and trust the Current or Electricity is there, and it is, I have just not understood this, so I have crumbs not treasure.

After losing my trading account I began to go over all the good stuff I gathered over the years that offered insights etc. I have started to write them for sharing, with anyone that needs some short excerpts, or sum ups, from Steenbarger, Kiev, Douglas, Raschke, etc. check it out if ya want because this community has offered me so much and I have something I think now to give back alittle, since I always felt What do I have to offer James Lee, TinGull, Walter, and others, that has some value, if alittle from me? The website is:

http://www.stockmarkettradingtips.net/

[TinGull]

Thanks nams, that's some great stuff. Im just finishing up a book by Deepak Chopra on synchrodestiny which is really interesting. Some things are a little spacey for lots of people, but I think its really applicable to trading. Everything starts as energy, a thought. Before we were created as beings, we began as just a thought, just energy. The cash that flows into our accounts starts out as just that...energy, a thought.

Only when one is really ready to learn will the teacher appear.

[brownsfan019]

Tin - are you getting all touchy feely on us now? :rolleyes:

[TinGull]

HAHAHA....nahhh, me?

[Soultrader]

Hey Tin,

I just picked up Finding True Magic: Transpersonal Hypnosis and Hypnotherapy/NLP. Im going to read this over next week when I have time and will post a book review on it when Im done. Starting to get into NLP?

[TinGull]

For the past 2 months or so I've been really getting into it. Let me know how that book is!

[Reaver]

I think the best way to describe how it all works is "Steel must be forged in fire".
I think it is about the most laconic way to put it.

[forexer]

I agree with brownsfan019, I go with the "it's better to regret something you did, than something you didn't do" moto.

[mea]

Please refer to "answers" sections.

	Quote:	Reaver
	For those that took the plunge and went full time....how did you do it? Did you have money saved up, Answer: Yes did you have any bills to worry about, Answer: Yes what made you decide it was time to quit the full time job? Answer: Having stratagies for all market conditions with at least 70% success ratio, usually 85-90% success. Were you already independently wealthy Answer: no or did you just take a big chance and grit your teeth? Answer: You never take chances. As indicated previously, if you have proven stratagies with at LEAST at a 70% success ratio. Then, you don't need to to chances. Just trying to see if there are any suggestions from anyone who's been down the road as to what I should start working towards. Answer: Finding stratagies with highest proven success ratio for all market conditions. Experience of course is the best teacher, Answer: Having proven stratagies for ALL market conditions and recognizing which market conditions you are encountering are the first step and correspond with experience. but any information I can glean will help shorten the learning curve..... Answer: Again, find proven, successful stratagies matcheed to market conditions and do not deviate from the rules which make those stratagies successful. Currently I work full time in the mortgage industry, making decent money, nothing crazy. I work 8 hrs a day, come home and spend another hour or so looking at charts for EOD data trades.... Answer: Your on your way in regard to analyzing charts, just stay away from all indicators. then I devote the next 3-4 hours studying and studying and studying some more. Answer: Don't over analyze. The secret lies within the chart. Its staring you right in the face. People look, but they don't see. Its there, find it and when you do find it, keep it to yourself, as if too many people utilize it, the "powers that be" will use it against all of us. Oh yeah, and spending time with my wife. LOL Really ready to start working towards devoting full efforts to trading, and I am willing to take the long road to get there...but I would like any advice on making that first step. THANKS. In conclusion, I sincerely hope your endeavor is successful. Mark Thanks in advance for any info.