I'm kind of in the same position here. For 4 years I worked my dream job (not going to say what it was). I was full-time for 1.5 years. After awhile I got really tired of it. I grew up thinking about doing it, I did it, and then the thrill was over. Took me a long time to make the decision to quit, giving up a nice full-time income for being single and the benefits that came with the job, including health insurance. I have a BA in Economics from a D2 school, but at the time I was interested in the topic and wanted to get out of college faster to work my dream job (not related to Economics). I was also in the National Guard for 6 years. I always felt like my degree and military status wasn't being used in my previous job. I am a big thinker, kind of a bit of a dreamer.
I wanted to look for another job, but the problem was that I had no idea what it was that I wanted to do. It was hard for me to rededicate my life to something not knowing what I wanted to do, fearing that I may end up not liking it again. I also put off finding a job because on my days off I'd always be so tired and just want to chill out. I didn't want to have to spend my days off looking for a job. I moved to California in 2008 during the "crash." I applied to 54 jobs and only got 1 interview. I ended up moving back home about 1.5 months later because it was costing way too much to live out there without an income.
After about 3 months of basically doing nothing, I decided to try trading again. I have a nice savings so I have a bankroll to start with. I will say that for about 2 months after I resigned I was getting money coming in from the hours owed to me, vacation/overtime, and my pension money. It finally hit me after the money stopped coming that it was time to get a move on something.
I've been sim trading the ES for about 2 weeks now. Had some nice profitable days, but also some bombshell days when I try something new or just get overly aggressive trying to catch reversals. On my good "sim" days I feel like I could really do it. The most I've gotten on one day is 6.75 points. I reason that I could probably get at least 2-3 points a day if I just stay patient.
It's a big step for me, but I really like the freedom. I'm pretty much all-in right now because if this doesn't work out then I don't know what I'm going to do.
I'm giving myself a stop loss of about 25%-30% of my starting bankroll and I think I can do it. I am working out some kinks in my plan, but overall, I want to put the effort into doing it.
I think someone said it in this thread, but I just want to reword it. I can't remember where it came from, but I'm sure some of you may recognize it:
"What's the worst that can happen? Failing is better than never trying."
So with that, I'm thinking maybe in 2-3 weeks I may fund an account and try my hand at it. I really believe I can do it.
I wanted to look for another job, but the problem was that I had no idea what it was that I wanted to do. It was hard for me to rededicate my life to something not knowing what I wanted to do, fearing that I may end up not liking it again. I also put off finding a job because on my days off I'd always be so tired and just want to chill out. I didn't want to have to spend my days off looking for a job. I moved to California in 2008 during the "crash." I applied to 54 jobs and only got 1 interview. I ended up moving back home about 1.5 months later because it was costing way too much to live out there without an income.
After about 3 months of basically doing nothing, I decided to try trading again. I have a nice savings so I have a bankroll to start with. I will say that for about 2 months after I resigned I was getting money coming in from the hours owed to me, vacation/overtime, and my pension money. It finally hit me after the money stopped coming that it was time to get a move on something.
I've been sim trading the ES for about 2 weeks now. Had some nice profitable days, but also some bombshell days when I try something new or just get overly aggressive trying to catch reversals. On my good "sim" days I feel like I could really do it. The most I've gotten on one day is 6.75 points. I reason that I could probably get at least 2-3 points a day if I just stay patient.
It's a big step for me, but I really like the freedom. I'm pretty much all-in right now because if this doesn't work out then I don't know what I'm going to do.
I'm giving myself a stop loss of about 25%-30% of my starting bankroll and I think I can do it. I am working out some kinks in my plan, but overall, I want to put the effort into doing it.
I think someone said it in this thread, but I just want to reword it. I can't remember where it came from, but I'm sure some of you may recognize it:
"What's the worst that can happen? Failing is better than never trying."
So with that, I'm thinking maybe in 2-3 weeks I may fund an account and try my hand at it. I really believe I can do it.