Then stop with the BS. It's comical. Every day a clown comes on here with a fantasy return.
Trading full time from home.
- Thread starter bluejack
- Start date
Then stop with the BS. It's comical. Every day a clown comes on here with a fantasy return.
Variations of this thread show up time after time here. Live the dream, trade full time, use that computer like your own personal ATM machine.
Advice from the old timers is always the same: Keep your freakin' day job. You just cannot depend on trading profits, not unless you are GS. Anyone honest here who has been trading for a period of years will tell you they have down years. When you have enough money that you can live off the interest from your cash balances, then you can trade full time. Until then, no, you are statistically an accident waiting to happen, and you can't imagine the damage that accident can do to you, your head and your family.
I always add this: if you have trading in your blood, no amount of good advice will deter you and you might just make it work. Good luck.
Advice from the old timers is always the same: Keep your freakin' day job. You just cannot depend on trading profits, not unless you are GS. Anyone honest here who has been trading for a period of years will tell you they have down years. When you have enough money that you can live off the interest from your cash balances, then you can trade full time. Until then, no, you are statistically an accident waiting to happen, and you can't imagine the damage that accident can do to you, your head and your family.
I always add this: if you have trading in your blood, no amount of good advice will deter you and you might just make it work. Good luck.
Thank You. 10 years and i never gave up. I feel like i have it in me and succeed. The plan was to stop trading all together and find another good paying job, if this small account busts. That didn't happen and next step is trying mini futures with a respectable amount. If that goes well, next is full time. It's all baby steps.
If leaving your job carries a high risk that you will struggle to get it back or something similar, then I would advise against.
Couple of reasons, I dont think anything less than $400k in the piggy bank is safe to live on.
Day trading full time from home is very time intensive.
I work from home as a trader but my average hold time is about 70 calendar days, this affords the luxury of going outside while my money is working for me and not needing to concentrate on trading.
Couple of reasons, I dont think anything less than $400k in the piggy bank is safe to live on.
Day trading full time from home is very time intensive.
I work from home as a trader but my average hold time is about 70 calendar days, this affords the luxury of going outside while my money is working for me and not needing to concentrate on trading.
Comical.. Really? Where did i mention that i am looking for a fantasy return? Did well on micro futures with a small account and planning to try the same with mini with a respectable amount and if it goes well, i wanna go full time. If you don't like it, don't post in my bloody thread. Will you apologize, if i show you the amp account details?
Be sure to check your correlation with macro trends that may change. Have you back tested without "curve-fitting" your strategy ?
Is it tough to make 5-10% a month with 100k? 400K is a dream.. 3% a month and i am a happy camper..
If you have a good job I think you would be foolish to even think about quitting until you have several years of decent returns. And they should be over some decent up and downs. Except for end of May, you've mostly just tracked the market.
I love AMP account details. Just redact the personally-identifying bits and people will take you more seriously.
let that moron reply..