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Is this feasiable?
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Is this feasiable?

  #1 (permalink)
Trading Apprentice
chicago
 
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Is this feasiable?

Hi everyone, I'm just starting to consider getting into trading and I'd like to know if my goals and expectations match up with reality.

I have a full time job as a system administrator and I make OK money, but would like to supplement it, possibly by doing a bit of trading. I have $2000 to invest to get me started. This money is free and clear, I don't need it to pay bills/live and I'm not going to be relying on any potential income. I've never been overly emotional about money and I'm approaching this as a learning experience. If I find I like it, I can devote more funds in the future.

My goals at this time are extremely small, if I could generate an extra $10 to $20 a day of extra beer money, I'd be thrilled. I have time during the day to monitor the markets and make trades while I attend to my job and I carry an android smart phone and usually have an internet connected laptop within easy reach just about everywhere I go. I tend to get up pretty early, 4 am EST, so that leaves me a good chuck of time to study and prepare.

Iím pretty much stumped and overwhelmed by the amount of information available out there and Iím not sure where to go from here.

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Berlin, Europe
 
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kmdcompelect View Post
Hi everyone, I'm just starting to consider getting into trading and I'd like to know if my goals and expectations match up with reality.

I have a full time job as a system administrator and I make OK money, but would like to supplement it, possibly by doing a bit of trading. I have $2000 to invest to get me started. This money is free and clear, I don't need it to pay bills/live and I'm not going to be relying on any potential income. I've never been overly emotional about money and I'm approaching this as a learning experience. If I find I like it, I can devote more funds in the future.

My goals at this time are extremely small, if I could generate an extra $10 to $20 a day of extra beer money, I'd be thrilled. I have time during the day to monitor the markets and make trades while I attend to my job and I carry an android smart phone and usually have an internet connected laptop within easy reach just about everywhere I go. I tend to get up pretty early, 4 am EST, so that leaves me a good chuck of time to study and prepare.

Iím pretty much stumped and overwhelmed by the amount of information available out there and Iím not sure where to go from here.

If you go to the Opera, you will get entertainment for $ 150,- the evening. So $ 2,000 is the equivalent of about 13 evenings in the Opera House.

Make sure you get the same amount of entertainment for your money when opening a trading account. Best open an account with a FOREX broker and do some SIM trading before you spend your money. Otherwise you will lose it within weeks and you don't get the entertainment you expected.

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  #4 (permalink)
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Fat Tails View Post
If you go to the Opera, you will get entertainment for $ 150,- the evening. So $ 2,000 is the equivalent of about 13 evenings in the Opera House.

Make sure you get the same amount of entertainment for your money when opening a trading account. Best open an account with a FOREX broker and do some SIM trading before you spend your money. Otherwise you will lose it within weeks and you don't get the entertainment you expected.

Opera ... Smopera... that's 100 table dances at the Eager Beaver...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #5 (permalink)
Trading Apprentice
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Fat Tails View Post
If you go to the Opera, you will get entertainment for $ 150,- the evening. So $ 2,000 is the equivalent of about 13 evenings in the Opera House.

Make sure you get the same amount of entertainment for your money when opening a trading account. Best open an account with a FOREX broker and do some SIM trading before you spend your money. Otherwise you will lose it within weeks and you don't get the entertainment you expected.

I figure I have about 2 months of study and practice before I try it live. It won't hurt me to lose it, but I'd rather not just throw it away .

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  #6 (permalink)
Trading Apprentice
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ThatManFromTexas View Post
Opera ... Smopera... that's 100 table dances at the Eager Beaver...


But will I learn anything new that way? I already know how strippers work, A goes into B until I'm done.

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  #7 (permalink)
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ThatManFromTexas View Post
Opera ... Smopera... that's 100 table dances at the Eager Beaver...

Table dance? I did not know that you have that many talents!

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  #8 (permalink)
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kmdcompelect View Post
But will I learn anything new that way? I already know how strippers work, A goes into B until I'm done.

Actually Strippers and day trading have a lot in common...


They Both promise more than they deliver...

It is amazing how fast both of them can separate a man from his money ...

You don't want anyone to know how much time and money you spend on either one ...

They both seem attractive .. until you spend time with them ...

Every one else who utilizes their services ... lies about how much he got away with...

But at least with daytrading... you stand a real chance of getting screwed...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #9 (permalink)
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It would be alot more reasonable to expect to open an account at an online sportsbook and bet on games/props to make 10 bucks a day and that is not a reasonable expectation at all.

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  #10 (permalink)
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Stockcharts.com has free information.
http://stockcharts.com/school/doku.php?id=chart_school

Some free articles on money management.
http://www.multicharts.com/support/base/?action=search&pid=20&string=

If you're considering sports betting; spend it on ass, or 1/2 kegs for cheaper beer.

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