CliffG

Hello all, I'm Cliff, and I currently live in The Netherlands. I'm British, but not lived in the UK for nearly 15 years (Moved to Malaysia in 2007, then moved to NL in 2016). I currently work in IT in the Oil Industry, and with the world not using much oil, my job is at risk right now. I'm married with 3 kids (2 are v.young). I've dabbled in Trading/Investing in the past, some crypto, some 'social trading' (eToro). With everything happening at work, I feel now is the time to stop playing and start taking it seriously. The lifestyle of a day trader is very appealing, the fact that you are your own boss. The fact that you are in Cash at the end of the day, therefore protecting you a lot better in the event of a huge crash. But I also appreciate that to aspire to that level of comfort, I need to put the work in (just like in any other business, or a University course). This I am now ready to do. Each day I learn new stuff, and I realize so much more that I don't yet know. There are things I still need to figure out in the fundamentals of my own setup - such as a Broker and Platform. Cash reverses are an issue. I don't have anything like 25k to avoid PDT. Setting up IB UK still incurs PDT rules .. Oh well.. While figuring this stuff out, will be going through all the items in the classrooms here. It was my wife that convinced me to pull the trigger and become a lifetime member, and so far I can't fault it. BBT looks like a fantastic support platform for people that wish to take it seriously. Take Care all

Hello BBT community, I'm new here and I want to get into Day Trading. I plan to take it seriously. First off, perhaps a little context, I currently work full time in the Oil & Energy sector, and with the current situation of hardly anyone using oil, my job is at risk and may disappear in the next few months. I live in The Netherlands and my mornings are crazy busy with work. It slows down in the afternoon, around the time the US markets open. This allows me to dip my toe in the waters so to speak. I've already done tons of research, but I feel i'm only scratching the surface - the more you learn, the more you realize how much you don't know. I'm part way through Andrew's book and it's teaching me a ton. My options are limited when it comes to Brokers as a non-US resident. Currently signed up for an IB account and learning my way through their platform (which to be honest I don't like, other platforms look much more appealing, like DAS). When I looked at DAS, it says it's $150 per month, and having already started to build a business plan, this is just another thing that I didn't consider. So I thought I would reach out here, and try and get a better understanding of Monthly overheads when moving into Day Trading, or any other recommendations you may have. So far I have the following (Capturing these also helps for any tax breaks later on down the line) Internet Subscription Market Data Subscriptions (as a non-professional) Level 2 Subscriptions Benzinger Pro BBT (Learning and support network). Commissions So far, I think ball park, I'm over $300 per month, but I'm sure i'm missing stuff (Like DAS). Meaning in order to break even, I got to be trading a profit of this amount, before I even take any money for myself.. Daunting.. Still, it's not putting me off so far. Hoping you fine folks can furnish me with more information on either typical monthly overheads or even on start up costs (I've already sized up a New PC, and I need to find more capital).. Thanks in Advance Cliff