Transition to full time trader quitting school and work

[apo99]

Congrats on completing the Finance degree. Not a small accomplishment.

How many hours a day are you spending on screening/taking trades now?

Thank you, but I took longer than I should have to finish.

Around 7-9 hours on weekdays sat/off and Sunday all day

T200

http://www.healthtalk.org/peoples-e...minority-experiences/hallucinations-delusions

Congrats on completing the Finance degree. Not a small accomplishment.

How many hours a day are you spending on screening/taking trades now?

T200

Thank you, but I took longer than I should have to finish.

Around 7-9 hours on weekdays sat/off and Sunday all day

 

[apo99]

http://www.healthtalk.org/peoples-e...minority-experiences/hallucinations-delusions

??

 

[ElectricSavant]

My biggest fear is that one day the market or the way these small cap stocks are priced will dramatically change and I won’t be able trade the way I do and will never be able to stay consistently profitable.

Cheers

I took a snippet of your opening post. This is all I saw in the entire introduction. I think your fears are valid. I am interested to read this thread as there are smarter traders in here than I and I might learn a thing or two myself. Good Thread Thanks!

es

 

[Maverick74]

Hey guys,

Just a quick update, I just finished school for good, with a B.A in finance, took maverick's advice.

I have been spending countless hours to try and adapt my methodology to larger and more liquid markets but sadly it has not worked yet. But its still working well in the TSX-V which is were 99% of my trades take place. A few months ago I got around 200k in funding from a friend and got another 100k from his brother this week. As the account gets larger its getting a lot harder to scale in to some of these very illiquid stocks. Sometimes there are days were these stocks don't trade at all lol. But I still stand by my belief that illiquid markets are less efficient and have exploitable edges.

I am still working part time and can trade at work which is a big plus. I am able to take a nice amount for myself after taxes, paying out my friend and his brother, charts, commissions, power streamer and other small costs.



Anyways I will keep doing my best and keep you guys updated

Nice job and good luck!

 

[apo99]

I took a snippet of your opening post. This is all I saw in the entire introduction. I think your fears are valid. I am interested to read this thread as there are smarter traders in here than I and I might learn a thing or two myself. Good Thread Thanks!


es

Thanks, by keeping my job I don't have that hanging over my head 24/7

 

[apo99]

Nice job and good luck!

Appreciate it,

 

[ElectricSavant]

Thanks, by keeping my job I don't have that hanging over my head 24/7

I understand. You are posting anonymously in a Forum with some hard core traders and you want to appear to cover all of the bases as you do not want to be rediculed. Please be thick skinned for what may come. Remember these traders here will or will not use their time especially if they feel they are wasting it, but at the same time do not take much to heart ok? Good Luck! (as you know the market can slap you upside the head much more than these traders here can)

 

[apo99]

I really have nothing to lose by posting here except for 15-20 min a day, there is some good info if you look deep enough on ET. I honestly think it just comes down to putting in the hours and having the right tools with a little bit of passion

 

[ironchef]

But I still stand by my belief that illiquid markets are less efficient and have exploitable edges.

Good to see you back and congratulations on you finishing your degree.

By the way I agree with you and I am generally trading illiquid markets also.

Best regards,

 

[thaitye]

Good to see you back and congratulations on you finishing your degree.

By the way I agree with you and I am generally trading illiquid markets also.

Best regards,

liquid markets have edges too, as long as you're a small fish, you can sneak in and grab some scraps from the big fish. But once you're a big fish, you better be ready to compete with the other big fish.