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Mentor emphasizes need for profitability before quitting and recommends minimum 6 months living expenses saved.

From Michael Burry Is Getting Squeezed — And He Just Doubled Down · jumps to 1:04:39 · speech

▶ Open at 1:04:39 on YouTube
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Because let's assume you don't have a job anymore and you quit. But you don't have a profitable trading system yet. How much money do you have to live before you have to go back to work, assuming you're not going to make any money trading? Cuz it takes a while to become profitable. Took me years. Don't believe what you see on the internet. It took me years. Um so I think you should be profitable before you consider quitting your job. And then even before you still can quitting consider quitting your job, you should have at a minimum 6 months of living expenses so that you can focus on trading and not having to withdraw from your trading account to pay um for your living costs. So, let's assume that you have a monthly expenditure, okay?
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