Another one hangs it up

Quote from LoosenUp:

Many people do not realize that trading profitably and trading for a living are two different things. Trading profitably is hard enough, but try trading for a living....very very difficult unless you have a sizeable capital as buffer, and psychologically it's totally different. Get a job, and trade from the side. Build your account and confidence without the constant drain. That's the only way for you now.
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Amen. It can't be better than this.

Unless you have a million dollars and can set aside 100K to trade, don't quit your day job. What's the point of living under means for so many of your best years (youth and all), just to have enough equity to trade ? Keep your day job, and retire with it . Be proud you have a stable job. Be proud. Stability is worth it (my humble opinion only).

Of course, if you don't care about your future, and you like to travel around, adventures here and there, then it doesn't matter I guess. But if you hate your job so much and want a way out, don't do it. Try finding another job in the same field, or change career, but don't quit your day job to trade full time.


I read in the other thread, "how do you save up to trade", there are several of us who had to restart three times. They are lucky the could find a way to restart. Many have to work for several years to save enough.
 
I think comparing athletes with traders, and trading vs Sport, is comparing apples and orange.

:-)

You can play a good game and lose, and replay another game the next day . People hire you to play for money only they can "certify" that you are at certain level. You got to have real skills to make money. If you fail in one position, you might get hired with another coach.

In Trading, you ceritfy yourselves. Most people are optimistic. "I am a star trader". A lot of luck involved. And then when they lose, they can't just restart like that. :-)

If traders all have unlimited funds and if the stock market mechanics are all certain, ups and downs all work out logically,
or if traders can get hired easily to work for trading firms,
then maybe the comparison is legit.
 
Plus,

Most star athletes starts out young. they played from childhood through college and by the time the finish college, they already have years of experience.

Traders, by the time we start, we already have tons of commitment to worry about as adults.
 
Quote from Broken dreams:/dchango

How does one convince an employer that he wasn't a total bum during his trading years anyway?

Or is that an inevitable stereotype from the public eye? They just assume you wake up, turn on the computer, make a few clicks, and then play golf, which is so far away from my reality.

Geez, I feel like a nervous and insecure college senior with no job yet.... because I'm practically in the same situation. :(
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===============
Bro-ken -dreams;
My middle name is ken /kenneth also:cool:

I am not wired to work for someone else;
sounds like you may be:cool:

Unless you like to be henpecked/kicked;
avoid loser talk like ''total bum'', like Cooolweb helpfully said. Write some thing like '' 5 year experienced small business owner'' , ''found out he prefers working more with an employer team'':p ''

I am using that red smiley as a smiley, dont stick out tongue @ employer, unless you like to be kicked /henpecked.

Also would frame it as much as possible in harmony with IBD .[CAN SLIM, proven winner ,but do not lie;
but as GE ad says ,
''imagination at work''] Actually can find a lot of convergences with daytrading-CAN SLIM, if I had to, despite differences.

Wisdom is profitable to direct, actually interviews can be fun;
you get to show a'' reasonable'' amount of ego.
And wisdom is profitable to direct, I was nervous also,
but told them , in interview,that, [''sorry I am a bit nervous'']which helped.
 
Thanks for the suggestions.

I'm already in the stages of configuring my resume and testing it out. I'm ready for an entry job, but I want to do it in a field that has career growth potential.

And I know I have to market myself in a different manner, so one thing I decided to do was to emphasize my education at the top because I guess that's more interesting than anything else that I have right now. The way I look at it, I'm basically competing against all the fresh college graduates in the job market anyway. Most likely, a lot of these kids have only had relevant work experience through internships or smaller jobs, so maybe my real-life trading experience isn't so bad in comparison. Instead of promoting myself as an ex-trader who hasn't worked in a real job in the last five years, I'm actually marketing myself more like a college grad who just happens to have done some trading. How will that angle work out... I don't know.

Well, I sent out different versions to various positions about a week ago just to gauge what level of responses I may get. It hasn't been a long time, but I did get two immediate call-backs. Unfortunately, they were for positions I really have no interest in taking though and I had only applied to them for testing purposes.

Maybe I need to be more patient.... or maybe I just need a better resume.

Regardless, this job search thing isn't so fun.
 
Step back for a few...decide what makes you happy and what you're the most interested in doing and/or accomplishing....then head-out in that direction.

At the same time always keep your options and mind open - look, listen, and learn - you'll do fine!

All the Best,
nbates
 
Those are specific points with which I agree. In many respects, it is like apples and oranges.

Can we think of something that would be more analogous to trading?(hopefully something that is not another job)


Quote from Adobian:

I think comparing athletes with traders, and trading vs Sport, is comparing apples and orange.

:-)

You can play a good game and lose, and replay another game the next day . People hire you to play for money only they can "certify" that you are at certain level. You got to have real skills to make money. If you fail in one position, you might get hired with another coach.

In Trading, you ceritfy yourselves. Most people are optimistic. "I am a star trader". A lot of luck involved. And then when they lose, they can't just restart like that. :-)

If traders all have unlimited funds and if the stock market mechanics are all certain, ups and downs all work out logically,
or if traders can get hired easily to work for trading firms,
then maybe the comparison is legit.
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