I don’t like my career, I don’t like working. Any tips or ideas how to transition to the investment life to make a living ? Long term or trading ? Individual stock or indexes ? Any courses / books I should look into ?

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Posting as :
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First get like a billion dollars

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Dm if you want to discuss more. Also apologies in advance if this comes off as a rant. I knew we were at a market top a few months ago when 1) crypto ads were in the Super Bowl 2) spacs were IPOing true garbage 3) some idiot on here was talking about how her side gigs which included a moving average system she bought from a course. If you know Anything about trading, returns are not guaranteed and trading should not be relied upon for monthly income unless you have substantial capital.

If you think trading means not working or even setting your own schedule you are dead wrong. If you are serious about trying to trade as a job or income, it will likely take years of work and losses before you see any consistent profitably. Trading inherently involved significant variance in returns. Discretionary trading imo is one of the hardest ways to make it. The vast majority Of trading accounts end up blowing up. Even if you find a strategy, it will likely lose edge and disappear. Markets demand constant adaptation and anytime not spent trading will need to be spent generating new ideas and backtesting them. Anyone selling a system or promising guaranteed returns is likely scamming you or running a pump and dump (many crypto projects). Any mental pictures you might have of the trading world where you might get hired at a bank are probably outdated. You have virtually no chance if you didn’t start in accounting and finance out of college at a bulge bracket bank. I heard a rumor GS equity trading desks only have a handful of human traders remaining. Derivatives desks are a different beast but you will need to prove your mathematics chops and an intuition for market making. These firms are also INCREDIBLY competitive. There are many prop shops that are actually just arcades although there are some legitimate ones. The WSB approach before they became obsessed with game stop is fun but ultimately gambling and not a sustainable trading approach.

Ok rant over. All that being said, there are indeed some traders who make it! But there are no shortcuts. If you still want to try it, I would start with the chat with traders podcast and market wizards books. I also like the market huddle podcast for macro. I would not, absolutely not, leave your job. You will need capital to trade on and a paycheck for food. I have a huge reading list so lmk if you want more books.

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"I don't like working" I've got bad news for you about stock trading.

And long term investments only pay the bills if you already have a big pile of cash.

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