Re: Thinking about becoming a trader...
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However, I don't have much, if any, experience trading and want to know how hard it would be to do this. I would have about 80k startup capital and would begin by trading my own money. Is this a really bad life decision? Is there more schooling I should do before I begin on this path?
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More schooling? You don't have ANY schooling!
The quickest way is to find a school, mentor, or guru that teaches a method you can deal with, and could be successful with. If someone has a plan that requires 200 grand it's obviously not going to work for you. Most high-return methods are going to require you to be involved in the market during trading hours, so you probably can't do it with a fulltime job. Now would be a good time to try it if you can later find a job if you go bust.
BTW, trading your own money for a living is vastly different than working for a fund or a brokerage. So if you're able to do one it doesn't mean you will be able to do the other.
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