Well, to those people who have posted already - what a fabulous group you are, truly. Given that access to this thread is open to anyone over 18, I'm continually impressed, perhaps mostly by the honesty (with occasional exceptions
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).
Santa has arrived late for me (problems apparently with the reindeer), but I now have my books on Trading and Charting and will start going through them. I'm looking forward to this.
@sintrate - I totally agree with your comments about the initial bank roll etc to be a full-time DTer. Plus, I think that trading is more complicated than being an investor, with more to know etc, especially the TA. If I do the maths and want to earn, let's say about $75,000 p.a. from trading (average wage) and I expect to earn an average profit of, let's say 20% nett from all my trades, then I need a pot of about $375,000. I think this is achievable and realistic, keeping in mind that there is plenty to learn etc. - you just need the $375K pot
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That's the only reason I mentioned in an earlier post that I don't think I'll last until the end of the year, but might have to get a job until I get my Super. My current pot is about 1/13th of that and the sums don't add up.
But, the good news is that I'm learning a lot, doing well with a small amount of money etc., and I'm motivated - all good for the future.
Is it possible to create a "sticky" on HC? I know that the ST people have a knowledge base thread, which is well worth a read. Just thinking that these honest observations made by the DTers are worth preserving: to re-read occasionally and to refer the newbies to. Do-able?