It is a miserable, miserable existence - trading for a "living."
It screws with your head, affects your life, negatively.
You honestly think you're going to be able to make love to your wife/girlfriend/boyfriend, like you've done before, after a huge draw down? What about your kids? Suddenly...
"You're gonna end up eating a steady diet of government cheese... and living in a VAN DOWN BY THE RIVER!"
This Japanese situation was nothing, in terms of markets (unless you do forex!). People got burned there...
Don't do it, dude. Don't do it.
Two things...
No, I don't day trade... and never have in the past; have never lost any large sum of money in any trading activity.
"Just because you can't do it... doesn't mean other people shouldn't give it a try."
Go for it. Ruin is your eventual destiny.
There is a big difference between...
Understand... if you don't like IT... *change careers*. One that pays a steady income. Where you are compensated for producing. Don't just throw in the towel and trade in front of your computer, all day long - really producing nothing. Just leaching, really. What are you producing? As a trader...
Don't do it dude. Don't do it. I am your age. Also in IT.
No amount of technical analysis can 'predict' which trade you should make, etc. This talk of 'edge' and trading a certain approach for 'positive expectancy' is all garbage. No one really has an 'edge' ... and net-net, in efficient...