If your current job is a mcdick job by all means quit. trading is a blue collar job. but if you have good job paying over $100,00/year in an office man you can trade stocks with the man's time trade at work. this manager stays in his office all day. trade stock with company time with a handheld device or wireless notebook at work.
if you were daytrading since 2004...what is different now that you are going to trade fulltime...does not daytrading require you to do it fulltime?...or was it "in between" while working a normal job?...please explain...
I kind of answered that in the other replies. In short, I trade at nights, it's extremely taxing to work almost 2 full-time jobs. I rather trade than do any other work.
I still feel I need to trade almost every day. I'm not a scalper and I've got a win rate of about 40%+, if I miss the few good days of the month then performance suffers. I know what you mean on the mental part, in a way my brain has already switched to thinking in terms of trading for a living several months ago, so experiencing bad days or weeks is stressful even now. The only thing I fall back on in those cases is the 3 years experience of having gone thru this rollercoaster thing time and time again so its mental impact gets duller every time. One of the main tasks when I make the switch will be to try and continue to trade the exact same way I've been trading till now. Thanks for the insightful comment.
I do have a good job at a good company etc. however I don't enjoy it and would rather even take a pay cut (which I'm not) and do what I like. trading is a blue collar - the mechanics of it yes. the pre and post work around it isn't, IMO.