Going full time

deaddog · Jan 15, 2023

Spend a day or two researching why traders fail. Make a list of the top reasons. If you don't do any of that stuff you'll be fine.

wartrace · Jan 15, 2023

Nothing beats doing what you enjoy for a living. GO FOR IT!
How would you feel when you are 70 and you didn't at least try and stayed in a job you hated?

p0box4 · Jan 15, 2023

Jdesey said:
I have written about this many times. I have decided (unless I change my mind) that March 15 is the date. I will quit the sales full time sales job and go full time with trading. I do have a side business where I sell Surf gear that brings in enough to cover my expenses and I will keep doing that.

Am I scarred? I sure am... am I excited,,, I sure am. Lot's of conflicting thoughts. I have decided I do not care what anyone thinks of this. I have been working on it for 8 years.
I feel that to cut the safety cord/leash of the full time job has to happen for me.

Good for you!

How much did you make trading last year? Enough to cover your living expenses and then some?

schizo · Jan 15, 2023

Jdesey said:
I have written about this many times. I have decided (unless I change my mind) that March 15 is the date. I will quit the sales full time sales job and go full time with trading. I do have a side business where I sell Surf gear that brings in enough to cover my expenses and I will keep doing that.

Am I scarred? I sure am... am I excited,,, I sure am. Lot's of conflicting thoughts. I have decided I do not care what anyone thinks of this. I have been working on it for 8 years.
I feel that to cut the safety cord/leash of the full time job has to happen for me.

Yeah, go for it. Better late than never. Just be brutally honest with yourself by documenting your trading journey, at least in the first 6 months. If you can survive the next 6 months of this bear market, I'm sure you'll survive anything. But brace yourself, this market will get nasty.

MarkBrown · Jan 15, 2023

when you need money - it's very hard to make money

the only way i think full time would be safe is when your trading is so good that there would be no question to go full time. if you have doubts then that's an anchor around your neck.

Jdesey · Jan 15, 2023

GoldDigger said:
What type of trading are you doing.

BTW, don't listen to these negative nancies.

Do whatever works for you.

I trade options.. swing trades of a few days hold, and a little day trades... the only negative Nancy is the one in my head... but I have not told everyone in my life of the decision

MarkBrown · Jan 15, 2023

Jdesey said:
I trade options.. swing trades of a few days hold, and a little day trades... the only negative Nancy is the one in my head... but I have not told everyone in my life of the decision

it would be nice if NANCY came to you and whispered in your ear babe you're the best and i know you will succeed at whatever you set your mind to doing.

spy · Jan 15, 2023

MarkBrown said:
it would be nice if NANCY came to you and whispered in your ear babe you're the best and i know you will succeed at whatever you set your mind to doing.

Nancy... are you listening?

Cabin111 · Jan 15, 2023

Devil's advocate...

Do you have medical, dental, 401k?? Those are tough to give up...

GoldDigger · Jan 15, 2023

I am glad that you are doing OPTIONS!

I have been day trading for a couple of years
now, and I have been reading and studying
options. Last week I applied to upgrade my
account to trade options, and am waiting to
get approved.

If they don't approve me I'll apply elsewhere.
I am excited to try options to see if it's as
easy as it's made out to be.

If you are fairly certain that you can cover
your living expenses, then don't hesitate
and go for it.

I wish you all the best!