Finding Work after Quitting Daytrading

[state0090]

I hope this dude is not inthe United States. For his own sake. If you are in the States over 35yrs with no college degree you are in big trouble. You will have a life yes but it will be surviving on minimum paying jobs. Even he gets a college degree ( which will take 4 years min), he will have to have several years experience in order to move from low paying positions. A college degree by itself is just a piece of paper. A college dgree with 5+ years experience across multiple industries is what employers are looking for. To start. As for Those $80K plus jobs for people without college degrees(oil rigs etc )are really difficult to get. First you start off as an apprentice at $35K. By the time you make it to $80k you are missing 3 fingers and 2 toes. That's why they pay so much.
Nothing beats going after your passion. That's the only way he will find satisfaction in life.
It looks to me his goal in life was to make as much money as possible.

 

[bwolinsky]

This guy is a lost cause. Nobody can help him beside himself. He has to realize he is living a dysfunctional life. I feel sorry for people like this.

Yep, that's probably why I sit with $100k for myself <b>and </b>father's retirement after two years...

Get to know the IA's you work for because when it suits them they will find any excuse to terminate you and I was my best customer earning less than $100 in fees while at the same time placating myself like I have to be a statesman when it comes to trading.

And this lost cause is the number one net performer on the website given to my namesake and approach to trading, Quant Master.

You didn't happen to pull down $3,500/21560 (>15%) in unit trading today for your followers did you? I didn't think so.

 

[preferforex]

Well I'm finally done with daytrading. I have almost 10 years trading experience. I probably would have never become a trader if I could've found a decent job out of college. But then I got sucked into to trading propaganda. Then I got addicted to the action and the dream. Now that I know all of the shocking truths about the trading business I have no interest in it (especially not daytrading).
I still have six figures in savings that I will deploy very rarely on very carefully planned trades.

As far as getting a job, I think working in finance is out of the question as I am unemployable - I have no "work experience", no network, and no references. So I'm ineligible for any traditional office job. I've thought of starting an RIA firm but to make 50k a year I would need to raise at least $5 million under management and would have to do lots of cold calling and prospecting for years to even get to that level.
I've tried driving for uber but ended up making like $7/hr. working nights and weekends. So I'm considering becoming a truck driver because as of now I see no other way of making at least 50k which is what I need to cover expenses. So daytrader to truck driver, that's the reality of daytrading. Any other work/job suggestions would be appreciated.

As you trade for 10 years that prove you gathered lots of experience in trading ... best wishes for you whatever profession you select now

 

[blakpacman]

Says here he quit daytrading 2.5 yrs ago....
http://www.elitetrader.com/vb/showthread.php?s=&threadid=220513
Trading is hard for people to pull themselves away from.... hope this time his promise of quitting is for real, lots of other things to try for in life....

The trading game does suck you back in, again and again. I can certainly sympathize with the OP.
I've had similar experience myself when I told myself I'd quit if I didn't achieve the results I wanted, but you always think if you do something differently maybe success can be achieved. Most people don't have the personality to daytrade, swing trade, or trade period. The "itchy fingers" syndrome and stress-induced bad decision-making assures of that.

I tried to take the conservative route while trading. I went to university on an academic scholarship, then to graduate school, and landed in a prestigious large company. However, partly due to the stress from trading taking a toll on my brain, I was unable to keep my position in the company, thus I fell from off from that career path. I'm just glad about not having to worry about having a kid to support.