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SteveNYC
 

Registered: Jul 2010
Posts: 787

 

09-23-12 10:46 AM


Quote from xBoba:

How many of you guys here trade for a living? Just wondering what made you choose to make this your 9-5 job as opposed to having an actual job and swing trading on the side? And more importantly, what do you have laid out for you for the future? Do you plan on trading for the rest of your life? Do you have a plan B in case trading fails? There is no job promotions as a trader and writing "Day trader" as your past occupations in a job resume certainly won't give you any brownie points unless you're applying for an Investment company or something...

Trading for a living seems like a very risky "job" to take on. For one, cash inflow is extremely unstable and you could go broke in a matter of minutes. For the other, it seems like you're wasting your life in the sense that you're not really gaining any real skills/putting your skills to work like in a 9-5 job.

I'd just like to understand the mentality of those that trade for a living. What if one day you were wiped out completely. What is YOUR Plan B, then?



Do you seek to become a daytrader?

Wasting my life?

What my plan B? Well, I could live in a cardboard box and light up a garbage can for heat.

Do you want to know my plan C?

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Ol' Yella
 

Registered: Jul 2012
Posts: 221

 

09-24-12 05:13 AM

Plan B for day traders and trading vendors.......

http://www.elitetrader.com/vb/attac...&postid=3606576

Hang a sign out front ..... "Plan your trade, Trade your plan"

Now that you know the penalty for failure you will be sure to make yourself a success.

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