It seems like you're telling me to either go out and perform RIGHT NOW or just quit magic altogether.
Some actual advice would have been appreciated
I actually gave you advice. Magic is supposed to be performed for others, I mean, I have seen some of your home videos and it looks like you already have a TON of stuff practiced, if you just started performing for strangers, then, how do you plan to give every effect in your repertoire the attention and the focus it needs? if you keep just learning and learning stuff, it will take you nowhere, take the effects you have and perform them, and when you have them down and can perform them nicely for either 5 people or 50, then you are ready to learn something different.
Besides, pickpocketing is not as easy as you think, its not like you see the dvd and can actually do it, you need to practice it and you need a lot of guts to perform it and confidence in yourself to do it, if you haven't performed that much then in my opinion you are not ready for pickpocketing.
If you wanna gain the guts to pull stuff like that, I suggest that you perform tricks that actually take some good amounts of misidrection and skill, why not perform some tricks using palms? when you can succesfully pull off some effects using the palm then you will kinda feel what pickpocketing feels like.