The end of an Era

was reading an article somewhere today (Don't remember where) and it was about how the realization of the past two years is that we as an economy are spending way beyond our means. If you make 3$ an hour as a waiter in the states, you should not own a house. If you are making 50k a year, but have 200k in student debt...you should not own a house.

People need to focus on becoming free of debts and be financially free.

I bring this down to one thing. And that is laziness. People are too lazy to work 2 jobs while in school to pay bills. They are focused on partying, living the good life. Even myself, work having slowed down immensely, have begun to look for a second job for school. Even considering taking an overnight job.

University, although looks great on a resume does not teach you how to become a trader. We are speculators. That is it in its most raw form. You learn by testing theories, losing money to the market. And if your good enough you get your ass back into the game as fast as you possibly can.

Has college and university become a privilege now? Does this mean that the return of the days of Jesse Livermore, and Rollo Tape of finance are finally coming back into being? With less money to go around in the world via. wages, job cuts, layoffs, etc. Where will the money go to? Will you really spend 50k on school after working for 2-3 years to accumulate the money? or will you use that money to buy a home, and work the blue collar?

Going back to school has been on my mind for the past month. I have spent almost $4000 and I have not even bought my books yet. How will I pay rent while going to school? OSAP? Considering just taking my investment licenses and raising capital to start a track record. MY fear is that if it fails, I do not have a fallback plan. Solution could be to take part time school, but still leaves a large economic opportunity cost to myself.

Decisions, Decisions.

Hunger.

I am Hungry.

Not for food, but for Capital.

Trading is becoming my catch-22. I NEED to start trading again. Demo account is doing well, but I cannot trade with only a $1000 dollar account (and I dare not use the LoC for trading). I'd need to pull in at LEAST 3-6% a day minimum to B.E at the end of the month. The more capital I have the more self sustaining I become.

Trading even 50k is enough to pay bills, after 20% commission. Average position on 50k would be about 2.5 lots, so $25 a pip. I Know that my daily B.E is 30-60$. that means that I need to make at least 5 pips to break even daily.