Quitting Trading

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I'm still here. I appreciate everyone who posted to this thread. For the moment, I have quit trading and am looking at my options.

There is a wide variety of opinion here from quitting and getting a job to keeping at it and trying to find something that actually works.

I am looking at all of these options and weighing my decision on what to do.
 
Quote from DataCruncher:

what line of work were you previously involved with?
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I developed and sold a vertical website for the oil and gas industry between 1994-1999. It was essentially the "Yahoo" of the petroleum industry.
 
This is a great thread BTW. If you haven't already read "Reminiscence of a Stock Operator" then please do so. This book means much more about life as a trader then anything. Although Jesse L. had great moments as a trader, he was a manic depressive and he took his own life as a result. He had huge P&L swings throughout his entire trading career, both making and losing fortunes at all periods of his life. I too have traded for many years and it wasn't until very recently that I decided to stand aside. Not from trading losses but from the fact that last year was a great year (metals trading) and I decided to actually invest this money and let it ride until the secular trend ends in the metals complex. I am back to sleeping better with great health and the wife is pleased to see that I am enjoying life again instead of zoning out in front of the terminal all day and night. Traders need to decide if making money is more important than living life outside the vortex of the markets. It is just that simple...
 
By the way, jasper6, if you are trading, then you can post what you did in trading daily with results. That might help, as we all might see why you are not winning.
 
Quote from Realist:

This is a great thread BTW. If you haven't already read "Reminiscence of a Stock Operator" then please do so. This book means much more about life as a trader then anything. Although Jesse L. had great moments as a trader, he was a manic depressive and he took his own life as a result. He had huge P&L swings throughout his entire trading career, both making and losing fortunes at all periods of his life. I too have traded for many years and it wasn't until very recently that I decided to stand aside. Not from trading losses but from the fact that last year was a great year (metals trading) and I decided to actually invest this money and let it ride until the secular trend ends in the metals complex. I am back to sleeping better with great health and the wife is pleased to see that I am enjoying life again instead of zoning out in front of the terminal all day and night. Traders need to decide if making money is more important than living life outside the vortex of the markets. It is just that simple...
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Amen to that.

You need to find a trading style that is compatible with your personality type. I could make unbelievable profits scalping, but the adrenaline wore me down, so I had to find my own style, or a mix rather. Best of luck to the OP. God bless
J
 
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