Wait a sec. I didn't say anything about leaving the trading profession. I was only pointing at the fact that it is very difficult to make enough money solely by trading in order to have a comfortable life. I was just comparing my P/L and what I get from my current business activities outside the stock market and I don't think traders in general perform as good as mr tvardek. My trading can pay the bills and maybe put the food on the table every day but that is just about it.
I thought that hedging your trading with a buisness (not a job where you are a simple employee) is a good idea.
I think the point is that trading is a business: there is nothing that says you have to limit yourself to just a single business. However, if you have sufficient capital, trading can be a good business just by itself. Running multiple successful busineses is very difficult and requires a lot of time .... It is much easier to concentrate on one.
But i also trade full time, so I have a lot of time commited to the whole process. If you have multiple businesses, then its hard to fully concentrate on your trading, right?
Agree. I own and manage an estate business and it doesn't require much effort. as a matter of fact I have the privilege I can dedicate as much time as I want to tarding and it makes me sleep sound at night. Trading activities put you under pressure especially during periods of difficulties and having a safe income sure helps. I thought quite a few traders might be in a similar situation.
Well, Im still pretty young and Im sure that trading and saving over the next 5 or so years will afford me to do something with some of my saving that will make me some extra income. Dont know what that is just yet but i agree, its nice to have a steady stream from somewhere else.