Going full time

Discussion in 'Trading' started by Jdesey, Jan 15, 2023.

  1. deaddog

    deaddog

    Spend a day or two researching why traders fail. Make a list of the top reasons. If you don't do any of that stuff you'll be fine.
     
    #11     Jan 15, 2023
    comagnum, SimpleMeLike and gkishot like this.
  2. wartrace

    wartrace

    Nothing beats doing what you enjoy for a living. GO FOR IT!
    How would you feel when you are 70 and you didn't at least try and stayed in a job you hated?
     
    #12     Jan 15, 2023
    tomkat22 and Nobert like this.
  3. p0box4

    p0box4

    Good for you!

    How much did you make trading last year? Enough to cover your living expenses and then some?
     
    #13     Jan 15, 2023
  4. schizo

    schizo

    Yeah, go for it. Better late than never. Just be brutally honest with yourself by documenting your trading journey, at least in the first 6 months. If you can survive the next 6 months of this bear market, I'm sure you'll survive anything. But brace yourself, this market will get nasty.
     
    #14     Jan 15, 2023
  5. MarkBrown

    MarkBrown

    when you need money - it's very hard to make money

    the only way i think full time would be safe is when your trading is so good that there would be no question to go full time. if you have doubts then that's an anchor around your neck.
     
    #15     Jan 15, 2023
  6. Jdesey

    Jdesey

    I trade options.. swing trades of a few days hold, and a little day trades... the only negative Nancy is the one in my head... but I have not told everyone in my life of the decision
     
    #16     Jan 15, 2023
  7. MarkBrown

    MarkBrown

    it would be nice if NANCY came to you and whispered in your ear babe you're the best and i know you will succeed at whatever you set your mind to doing.
     
    #17     Jan 15, 2023
    SimpleMeLike and beginner66 like this.
  8. spy

    spy

    Nancy... are you listening?
     
    #18     Jan 15, 2023
    MarkBrown likes this.
  9. Cabin111

    Cabin111

    Devil's advocate...

    Do you have medical, dental, 401k?? Those are tough to give up...
     
    #19     Jan 15, 2023
    SimpleMeLike likes this.
  10. GoldDigger

    GoldDigger

    I am glad that you are doing OPTIONS!

    I have been day trading for a couple of years
    now, and I have been reading and studying
    options. Last week I applied to upgrade my
    account to trade options, and am waiting to
    get approved.

    If they don't approve me I'll apply elsewhere.
    I am excited to try options to see if it's as
    easy as it's made out to be.

    If you are fairly certain that you can cover
    your living expenses, then don't hesitate
    and go for it.

    I wish you all the best!
     
    #20     Jan 15, 2023