Hi Guys,
I have a question (long). I was a prop equities trader a few years back for about 6 years. Did fairly well, best year was about 130k and after that died out and I got a few jobs which I hated. I left my job a few months ago to work on a business which has been slow, but is just starting to net a little money. Maybe like 1500 a month. The business requires a lot of capital and I have a partner. We were retail but we had trouble with the town/zoning so now we can only wholesale for most part.
I am debating on whether to continue with the business on the side and go back to trading or accept a job for about 90 to 100k base in institutional sales (no commission 1st yr). I have about 55k Liquid cash (but 20 of it is in the business). My debt is low and my total expenses are about 750 a month.
If I trade I only have to put down 5k and since I have a good relationship with the firm because I traded there in the past and have a good track record.
Just to clear up I truthfully do not want to go back in the workforce and I am not crazy about the position, but I am finding it hard to turn down 100k. Also it would be about a 1.45 to 2 hour commute everyday give or take to the new job and would cost about 7k a year to commute and I dont want to relocate.
I am also passionate about trading and feel I wanna give it one more shot and still do my business on the side, but I really feel quite torn here. Also I am not young in my mid 30's, but single no kids little responsibilities.
BTW I was a prop intraday equities trader. I really never had a set strategy but i had built parameters and mostly traded what was in play and was very consistent for a few years.
I am trying to get opinions from people in the same or similar situations. Also opinions from active traders who trade everyday for a living and dont have a second income or a ton of cash or inheritance. Would you take the job or go back to trading?
I have a question (long). I was a prop equities trader a few years back for about 6 years. Did fairly well, best year was about 130k and after that died out and I got a few jobs which I hated. I left my job a few months ago to work on a business which has been slow, but is just starting to net a little money. Maybe like 1500 a month. The business requires a lot of capital and I have a partner. We were retail but we had trouble with the town/zoning so now we can only wholesale for most part.
I am debating on whether to continue with the business on the side and go back to trading or accept a job for about 90 to 100k base in institutional sales (no commission 1st yr). I have about 55k Liquid cash (but 20 of it is in the business). My debt is low and my total expenses are about 750 a month.
If I trade I only have to put down 5k and since I have a good relationship with the firm because I traded there in the past and have a good track record.
Just to clear up I truthfully do not want to go back in the workforce and I am not crazy about the position, but I am finding it hard to turn down 100k. Also it would be about a 1.45 to 2 hour commute everyday give or take to the new job and would cost about 7k a year to commute and I dont want to relocate.
I am also passionate about trading and feel I wanna give it one more shot and still do my business on the side, but I really feel quite torn here. Also I am not young in my mid 30's, but single no kids little responsibilities.
BTW I was a prop intraday equities trader. I really never had a set strategy but i had built parameters and mostly traded what was in play and was very consistent for a few years.
I am trying to get opinions from people in the same or similar situations. Also opinions from active traders who trade everyday for a living and dont have a second income or a ton of cash or inheritance. Would you take the job or go back to trading?