yeah.. ok,, that will take let's see, forever! nope, sorry, it is time to live the dream
My job is holding me back
- Thread starter Jdesey
- Start date
Old saying:
"The toughest million to make is your first million."
You didn't say where you are on that yardstick.
So, stick with the day job until you clear that bar.
I say go for it! Like I mentioned earlier; you can always fall back on another sales job if you don't make it.
But how many years have you been doing that? If you been doing that for the last 4 years or so you need to quit your day job right now!
Seriously, first, you said you had Covid but then soon stated you had the best week of trading for the entire year without any distractions from your sales job.
Having Covid even if it's a mild illness is not listed as a distraction even if it a mild illness is odd. Really, I'm sure you must have quarantine for several days from your family or friends while having a Covid illness is a distraction including any future side effects after you've recovered from the illness.
Next, you have this illusion that 12 months of living expenses plus covering health insurance is adequate protection after quitting your job... it is not...especially if you're supporting a family.
- Do you even notice the problems going on outside of your home ? Inflation, high energy costs, rising cost of living, higher interest rates, rising consumer debt...just to name a few ???
Thus, keep your job (it's your guaranteed protection from the risk of ruin) until you've become more consistently profitable (treating your trading as a business instead of a hobby) considering you intentionally give no job income numbers, no expense numbers, and no numbers about your trading profitability, no numbers about your capital for trading, what you've been trading and you say nothing about your family situation...obviously because it's a public forum.
Reminder, shit happens and will happen...most of it you will not be able to control because it will deal with the economy, changing life/health situations, changes in your family if you have one, and the government.
Recommendation: Keep your job and after a few more years of consistent profitability with more savings...sit down with your financial advisor, and medical insurance rep to discuss your options/protection of quitting your job.
If you have a family, sit down with them to discuss the same.
Just in case you're curious, almost every trader (except for a few) before you that was in a similar situation as you here at ET...failed miserably within a year after quitting their job to do what you're suggesting (want to do).
It was the same talk after 1 - 2 weeks of the best trading of the year or their life. Yet, if you do quit your job and continue being successful at trading...please let us know in a few years that it was worth quitting your job and that you're still a profitable trader that's trading for a living.
wrbtrader
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If you leave your job now, you probably have two years to get a similar one if you fail.
At or over 55, it's better to trade after you have enough that you can retire and you are only trading on excess capital.
At or over 55, it's better to trade after you have enough that you can retire and you are only trading on excess capital.
It is like a store opening around a Xmas. Extrapolating sales is a fatal error.
Hello Concinnity,
I agree 1000% my friend. I agree. My goal in 5 weeks is to be making $6000 per day.