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How much money and time have you spent so far in trading?
To kick things off, Id like to run a quick survey on how much have you already spent on trading (courses, books, private lessons, burnt accounts, etc.)? How long have you been trying before you became successful or how long have you been trying in general if you are not successful yet?
Thank you for your imput and hope you have a great day!
I thought it would be interesting (if not sickening) to start a thread where futures.io (formerly BMT) members can name what trading software, programs, methodologies, products, e-books etc. they have bought over the years.
Our friend Bobby started a …
Hi, yes, mainly. But also many posts in that thread are just listings without price. But it's OK, let's see if anyone wants to share in this thread
I'll lead by example, trading has cost me something about 7 to 7.5 Grand so far in last 7 years I've been trying to get grasp of it. I'm slowly getting stabilized tho!
I have spent more than 15 years trading off and on. My buddy tipped a stock and I sold for a 50% loss. I took several stabs at trading, still do. My first one, I lost 5k while I traded before work, my second attempt I lost 1k learning at a prop firm, but made several thousands more for a few years and now I trade futures using automated strategies. So far I am break even.
As you can see, you don't need much capital to devote your life to the markets. Many companies provide you with additional capital if you demonstrate some kind of success.
Whatever you do, don't start with capital you can't afford to lose. It will mess up your mind and chances are you will blow up quickly.