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Secondary Job Ideas While Trading
- Thread starter saltycoot
- Start date
Quote from nelsanity:
I don't know why someone would want to give up a salary when you can trade the same while working. Where I work everyone trades their PA during the day, some folks have a whole monitor setup to watch this. Someone is always watching TV, checking news items, economic releases etc, and we feed each other this throughout the day. Plus you get to learn stuff on the job.
Not for nothing, but the amount of workers who could do this at a high attention rate without getting into trouble would probably be less than 5%. Whether you work in marketing, finance, or any other kind of office work, it would be tough for most workers to pull off. So consider youself lucky.
marketwizards
Guest
trading is your 'second job' supplemental income
Quote from saltycoot:
While interviewing with a prop firm I was told that i probably won't make much money the first year if any. I've got about 15 grand saved up and my rent is 750 a month which means that eventually i will need to get another job I was thinking about bouncing a couple nights which will give me 400 a week, besides that does anybody have any ideas of what i can do for secondary work during nights and weekends.
marketwizards
Guest
if you can't make a living or not enough money in prop trading or no future in daytrading or prop trading a lot of these prop firms offices are like sweat shops in how they treat the 'contrators'===QUIT the job and move on.
Quote from saltycoot:
While interviewing with a prop firm I was told that i probably won't make much money the first year if any. I've got about 15 grand saved up and my rent is 750 a month which means that eventually i will need to get another job I was thinking about bouncing a couple nights which will give me 400 a week, besides that does anybody have any ideas of what i can do for secondary work during nights and weekends.
My theory is that if you haven't owned your own business, or had some kind of significant technical or managerial role in business, you aren't qualified to trade at all....
How many great traders came from cushy gov't jobs?
none that I know of.
I've learned this the hard way - I am a hell of a lot more prepared to trade and know when NOT to trade now that I am self-employed. - Some firms give priority to elite athletes etc.... but there is nothing better for your psychology than being able to deal with challenging situations that being self-employed will create for you.
Trading is just a 2nd job until you have an edge and the appropriate funds to trade it without blowing yourself up.
And 99% of all prop firms cannot help you with being successful in the comments noted above.. otherwise its just a kind lie you buy into without having done the proper psychological work required to succeed in the challenging environment that real trading is about...
How many great traders came from cushy gov't jobs?
none that I know of.
I've learned this the hard way - I am a hell of a lot more prepared to trade and know when NOT to trade now that I am self-employed. - Some firms give priority to elite athletes etc.... but there is nothing better for your psychology than being able to deal with challenging situations that being self-employed will create for you.
Trading is just a 2nd job until you have an edge and the appropriate funds to trade it without blowing yourself up.
And 99% of all prop firms cannot help you with being successful in the comments noted above.. otherwise its just a kind lie you buy into without having done the proper psychological work required to succeed in the challenging environment that real trading is about...