Tradrer who wants to go solo
- Thread starter canarywharf
- Start date
Are you a successful trader or not? Why are you asking this question if you ALREADY are a very successful trader. You should know if this is feasible or not from your current perspective.
LOL .. Key man on the desk. Hard to to replace. Sorely missed.
If my aunt had balls, she'd be my uncle.....
I don't think you are. Are you trading completely on your own, using your own research and strategies without any input from the firm? My bet is that you execute trades for them, or somehow depend on them....
Anyhow, there is no point in changing curses with a winning team, so why bother?
I have chatted with too many young traders who made money for a couple short years only to bomb when they go solo. Too often they specialized in areas that are either not feasible solo, retail fees increased, market been acting just right for whatever you been doing and changes, and inability to alter your methods. I would recommend to do longer term trading on side to make that 20% for min of three years to prove to yourself you can do it and continue to work as you have to bank more capital.
Trading in any timeframe has ups/downs, so getting a steady 20% each year can not be counted on, some years it is whatever you do you can't lose and other years you fight to stay at breakeven and working many hours to do so. Education has much to do with the fighting years, more avenues to chip away at small but consistent profits might be all that is there for the year.