"I am contemplating whether to start trading or not, I have some knowledge and would like to learn and make this my career. I figured all I need to do (at minimum as a base) is to make at least $100/day as profit. I ask for guidance and wisdom from those who have "made it" and are trading profitably as a living."
As 99% of traders lose money - if people are replying here to you are in the 1% left, there should be 99 others per one who writes sitting back watching or not watching.
Why did I say that? Because if you really insist on trading (god knows why you would want to if you look at the numbers) - then you best know what the other 99% are doing and do something different.
After trading for hmmmm, about 30 years, I finally got that I made more money investing - slow learner.
One of the best books I have read is Peter Lynch 'One up on wall street' - it is also the only trading book that sits on Charlie Aitken's desk - that should say something.
Honestly if the objective is to make money and/or a living - I really recommend that book as a first stop. I will cost you less than lunch (I buy a heap from online in the US for friends - those who read anyway) - it is cheap knowledge but very valuable.
I still trade, but I only trade to build a position - never for direct profit.
Making a living is fine - but believe me the next 20 years will go like a flash for you - at least it will seem like that from the other end, I assure you.
Keep the longer term in your sights - the present will look after you ok.
