Finding my passion and trading

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Sub-Zero

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So I been told recently to find my passion and gone to an advisor and they have told me try a bunch of different stuff but I need to actually see it for my self. I need help because I been stuck on this for years but this last year especially has been stressful. So I know what a passion for something feels like I had it for fixing computers/laptops and stuff, the hardware and software and when I would help someone I used to get this amazing feeling and feel great that I helped them solve a problem. And I could talk about it all day long. But in terms of a job perspective I can't find it. I have been thinking to try check out what being a financial analyst is like but then I think to my self do I want to do this? Do I really want to be constructing financial models, doing complex maths, statistics, etc. The very first thing that comes into my mind is no its too hard and boring and would get extremely fustrated. So is this a clear sign that I should not be a financial analyst? Then comes next in investing real estate which I find interesting its simple to understand and not really that frustrating as compared to being a value investor for example. But can't see it as a career like I don't want to do sales, I don't want to stand there convincing people to buy a product.

I look at day trading and it makes me very exciting just making money on a daily basis. When I did a calculation the stock selling for 0.31 and I buy 72,000 worth so that's 22,320 dollars. And the stock goes to 0.35 and then you do the second last calculation which is 25200-22,320 = 2880 , I think holy crap I can make that much money (I know its before tax and brokerage fee but still you will have a decent chunk of money left over) and just want to jump on trading. Of course I would first educate my self like I have with real estate investing and stock investing.

I am now thinking is day trading something that suits me? They say its a very lonely career that's EASY for me, no doubt in my mind I am pretty much at home all day studying real estate and that and would be no different for day trading. I prefer working by my self I think, I do like the team environment like at my job its fun but that's because we joke around alot, don't think its like that at a more serious work place lol.

Then next I think canI handle losing money? Right now its hard to be honest with my self but I would probably say no, only because I don't have a full time job if I had lets say for example 60-100k income per year I could handle losing the money I think, not that I want to but emotionally I think I could handle it but I could be wrong at the same time.


I know I definitely want to own a business or at least be my own boss, I want to be an entrepreneur I just don't know what I want to do so now I am exploring day trading.

What do you guys think? Should I pursue trading and test with real capital once I have educated my self enough or find another career?
 
Sub-Zero said:
I look at day trading and it makes me very exciting just making money on a daily basis. When I did a calculation the stock selling for 0.31 and I buy 72,000 worth so that's 22,320 dollars. And the stock goes to 0.35 and then you do the second last calculation which is 25200-22,320 = 2880 , I think holy crap I can make that much money (I know its before tax and brokerage fee but still you will have a decent chunk of money left over) and just want to jump on trading. Of course I would first educate my self like I have with real estate investing and stock investing.

I am now thinking is day trading something that suits me? They say its a very lonely career that's EASY for me, no doubt in my mind I am pretty much at home all day studying real estate and that and would be no different for day trading. I prefer working by my self I think, I do like the team environment like at my job its fun but that's because we joke around alot, don't think its like that at a more serious work place lol.

Then next I think canI handle losing money? Right now its hard to be honest with my self but I would probably say no, only because I don't have a full time job if I had lets say for example 60-100k income per year I could handle losing the money I think, not that I want to but emotionally I think I could handle it but I could be wrong at the same time.
Click to expand...

Dream on !Welcome to the winners club where traders are always winning,
 
Why are you asking a bunch of anonymous strangers on an internet trading forum what you ought to do with your life? There are career counselors who are trained in this sort of thing.
 
dbphoenix said:
Why are you asking a bunch of anonymous strangers on an internet trading forum what you ought to do with your life? There are career counselors who are trained in this sort of thing.
Click to expand...

Cause you guys are day traders so its more relevant.
 
What is more pertinent is whether or not the day traders are successful. You'd be surprised at how many people have been at this for years and struggle just to break even.
 
Finding your true passion in life is a good approach to finding karma and contentment......but in that path it doesn't necessarily mean it makes you wealthy.....in fact many religions and beliefs say the opposite must be present to achieve that envied special state and maintain it

My advice is that you already know what your passions in life are.......sure use mentors and friends to assist you but the true knowledge is already in you waiting to be confirmed

I would look to make that journey by seeking true quietness and peace inside and then listen to yourself......try Elkhart tolles comments on this

Only with quiet observation can you review your life and see the clues

Good hunting
N
 
Sub-Zero said:
Should I pursue trading and test with real capital once I have educated my self enough or find another career?
Click to expand...

Yes, test with real capital. Those idiots who test with demo capital never gets anywhere, or learn anything.

Once the capital is all gone, then you are ready for another career.
 
Last edited:
Sub-Zero said:
I look at day trading and it makes me very exciting just making money on a daily basis. When I did a calculation the stock selling for 0.31 and I buy 72,000 worth so that's 22,320 dollars. And the stock goes to 0.35 and then you do the second last calculation which is 25200-22,320 = 2880 , I think holy crap I can make that much money (I know its before tax and brokerage fee but still you will have a decent chunk of money left over) and just want to jump on trading. Of course I would first educate my self like I have with real estate investing and stock investing.
Click to expand...

The worst thing you can do is get excited about how much money you could potentially make. What happens if you imagine your stock moving from 0.31 to 0.27 do you become completely despondent? All pure fantasy and dangerous too. Set up a demo account to try out different ideas and to become familiar with the mechanics of placing and managing trades and stay away from penny stocks!
 
Sub-Zero said:
So I been told recently to find my passion and gone to an advisor and they have told me try a bunch of different stuff but I need to actually see it for my self. I need help because I been stuck on this for years but this last year especially has been stressful. So I know what a passion for something feels like I had it for fixing computers/laptops and stuff, the hardware and software and when I would help someone I used to get this amazing feeling and feel great that I helped them solve a problem. And I could talk about it all day long. But in terms of a job perspective I can't find it. I have been thinking to try check out what being a financial analyst is like but then I think to my self do I want to do this? Do I really want to be constructing financial models, doing complex maths, statistics, etc. The very first thing that comes into my mind is no its too hard and boring and would get extremely fustrated. So is this a clear sign that I should not be a financial analyst? Then comes next in investing real estate which I find interesting its simple to understand and not really that frustrating as compared to being a value investor for example. But can't see it as a career like I don't want to do sales, I don't want to stand there convincing people to buy a product.

I look at day trading and it makes me very exciting just making money on a daily basis. When I did a calculation the stock selling for 0.31 and I buy 72,000 worth so that's 22,320 dollars. And the stock goes to 0.35 and then you do the second last calculation which is 25200-22,320 = 2880 , I think holy crap I can make that much money (I know its before tax and brokerage fee but still you will have a decent chunk of money left over) and just want to jump on trading. Of course I would first educate my self like I have with real estate investing and stock investing.

I am now thinking is day trading something that suits me? They say its a very lonely career that's EASY for me, no doubt in my mind I am pretty much at home all day studying real estate and that and would be no different for day trading. I prefer working by my self I think, I do like the team environment like at my job its fun but that's because we joke around alot, don't think its like that at a more serious work place lol.

Then next I think canI handle losing money? Right now its hard to be honest with my self but I would probably say no, only because I don't have a full time job if I had lets say for example 60-100k income per year I could handle losing the money I think, not that I want to but emotionally I think I could handle it but I could be wrong at the same time.


I know I definitely want to own a business or at least be my own boss, I want to be an entrepreneur I just don't know what I want to do so now I am exploring day trading.

What do you guys think? Should I pursue trading and test with real capital once I have educated my self enough or find another career?
Click to expand...

Hello and welcome to the forum and just a few words of caution: trading is not easy at all and you'll probably need to spend the same amount of time and energy to learn how to do it, as with the other professions you are talking about, so if only the "easy" money is your motivation, better find something else to do, because trading is negative sum game (when you calculate commissions, data feed fees, etc)
 
This is what I want to do too, and I won't give up, yet.

The problem is AI is coming into the picture, and getting more intelligent and getting closer & closer to the servers to be.

if i have you on the speed dial..well you can see what i am saying

the markets "won't always be here". make your $ NOW

http://www.reuters.com/article/us-europe-stocks-algos-insight-idUSKCN0V61T6

"It's not a rocket science, although there might be some rocket scientists on the forum. It's all part of the general spread of technology into everyday lives."
 
NVP said:
Finding your true passion in life is a good approach to finding karma and contentment......but in that path it doesn't necessarily mean it makes you wealthy.....in fact many religions and beliefs say the opposite must be present to achieve that envied special state and maintain it

My advice is that you already know what your passions in life are.......sure use mentors and friends to assist you but the true knowledge is already in you waiting to be confirmed

I would look to make that journey by seeking true quietness and peace inside and then listen to yourself......try Elkhart tolles comments on this

Only with quiet observation can you review your life and see the clues

Good hunting
N
Click to expand...

I don't know what they are otherwise I wouldn't be asking.
 
Sub-Zero said:
So you're saying eventually test with real capital?
Click to expand...

No, I am saying test with real capital from the word go. But use the smallest amount. The market will be just as greedy for small amounts. Whether small or big, you will lose them the same way. This is why I mentioned getting ready for another career.
 
foroom lluzers said:
Can you feel comfortable with losing hard earned cash , when the market behavour intimidates , annoys you , arouses the enemy within and makes you lose discipline?


Click to expand...

Hmm I can but ONLY money I can afford to lose. Which means I would have to put some aside first. And probably only if I find day trading it self fun.
 
EnlightenedJoe said:
No, I am saying test with real capital from the word go. But use the smallest amount. The market will be just as greedy for small amounts. Whether small or big, you will lose them the same way. This is why I mentioned getting ready for another career.
Click to expand...

Ah I see but what you saying. But you are saying "This is why I mentioned getting ready for another career" But isn't the whole point even if you lose money try again until you succeed?
 
Sub-Zero said:
Ah I see but what you saying. But you are saying "This is why I mentioned getting ready for another career" But isn't the whole point even if you lose money try again until you succeed?
Click to expand...

Can you sustain losing for many years ?

To truly make it, you need more than passion. You need obsession.
 
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