I promised to bring you her blog and she's just got it going so you can start following her journey here.
When I was training her in March I wrote a blog piece on 'Why Trading is The Best Job in The World'.
You see, the thing is I hear from people all the time who say they want to trade (either passively or quit their job) to travel and trade, but the truth is, most won't put in the work it takes to actually do it, so when I met her and heard her story it motivated me again and I love to work with students who are determined, the entire process just gels better.
Do I think most people can quit their job to do this? No, at least for 1-2 years. Do I think you can do this passively 5-10 hours a week? Yes, there's no question about that, it just depends what level you want to play at and what your own personal goals are. You'll need to trade on sim for a while, maybe 3-6 months as you start and journal this out to get the feel - most reading this won't follow this advice and it will lead to a blown account, but if you do, the likelihood of succeeding at this is much better.
How did she actually start? Well she took a Forex class at a day trading company about 1.5 years ago. She got the basics down and had been trading on sim, creating a journal and charting for 12 months. Read that again. She was working at this for 12 months before going live when we were in Barcelona on S&P 500 E-Mini futures. Now I realize that all of us want to make money and that we all have bills but as you're learning there surely has to be another way for you to bring income. The reason I say this is simple: If you're trading with scared money the psychological toll of losing small amounts will never allow you to trade at your FULL potential!
So why futures? Well with futures you can pretty much trade the London session or US market open. This is great for her since she is traveling a lot this year.
Secondly. Futures are quick moving trades. You can be a true day trader and be done in maybe less than an hour or swing trade futures for 2-3 days. This is good when you're traveling since you don't want to be stuck staring at a screen all day.
And finally, when you're just learning to day trade the S&P 500 E-Mini is the best market to really start learning on. From there you can switch to other markets but as you start this market gets you live trading experience and that's what matters.
Be sure to follow her progression on her blog. She already had a good month when we were in Barcelona so I'm looking forward to seeing her crushing it even more this Summer.