"It is possible to trade for a living but .... you need other sources of income via dividends, rental properties, or other income producing assets/investments/businesses."
That's a contadiction, Bert.
If, in order to get to a position of owning all these assets you need a 'living other than trading', it logically follows that trading is not a proper 'living' as it it cannot get you to the point you can do it for a living.
Which begs the obvious question, Bert. If the secret to success is a living other than trading, why abandon it for what we have now proven to be the inferior 'trading for a living".
Having reviewed this thread, there seem to be some disturbing themes running through it. Trading for a living is used as a crutch for those who "can't handle bosses", "don't like people", "hide it from the wife", "lost money but it was worth it, an expensive education", "I now have a plan" ... etc etc.
Get a grip people.
Would you recommend trading for a living to your children ?
No, you wouldn't.
If you value expensive educations, send your kids to Scotch or Grammar, let them become Barristers, Doctors ... anything but 'trading for a living'.
Happy New Year, newbies.
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