Trying to transition from full time job to trading. Having trouble with discipline.

jinxu · Jun 30, 2016

Hello all,

I'm still working but am practicing my trading skill during off work hours. I have two way to trade. But not wanting to give out too much details, I'm going to us an analogy referencing the tortoise and the hare fable.

I have one trading system that is boring slow but steady and consistent. Using this system has giving me close to a 100% success rate so far this month. Risk is minimized. Problem is the the profits are slow but they add on. (the tortoise)

The other trading system is more exciting fast quick large. Using this system takes on more risk. But I can get richer if it success. However I can lose just as much quicker if it doesn't work out. (the hare)

I know logically I should trade like the tortoise. But I get impatient and have the urge to trade like the hare. How do I stop this?

I feel like I missed out on a lot of big hits and home runs trades by not trading like the hare. Which contribute to me being impatient.

southall · Jun 30, 2016

Keep the full time job and only trade the Tortoise.

Trading full time is overrated anyway.

jinxu · Jun 30, 2016

southall said:
Keep the full time job and only trade the Tortoise.

Trading full time is overrated anyway.

I probably should have put this in the OP.

I will make more money trading full time. The markets are more active during the day. I would still use the tortoise but apply it to day market.

FreakofNature · Jun 30, 2016

Keep the job, learn swing trading, daytrading is a pipedream.

d08 · Jun 30, 2016

FreakofNature said:
Keep the job, learn swing trading, daytrading is a pipedream.

You can't do it, therefore nobody can.

Loooppy99 · Jun 30, 2016

Run separate accounts for each system. See which one survives.

FreakofNature · Jun 30, 2016

d08 said:
You can't do it, therefore nobody can.

It's not impossible but the vast majority fail, your condescending assumption though you can shove it where the sun does not shine.

d08 · Jun 30, 2016

FreakofNature said:
It's not impossible but the vast majority fail, your condescending assumption though you can shove it where the sun does not shine.

You did not say it was "not impossible", you said it was a pipe dream. Perhaps you should think before you speak, therefore both of us wouldn't be wasting our time.

noun: pipedream
synonyms: fantasy, false hope, illusion, delusion, daydream, chimera

Loooppy99 · Jun 30, 2016

FreakofNature said:
It's not impossible but the vast majority fail, your condescending assumption though you can shove it where the sun does not shine.

globalarbtrader · Jun 30, 2016

jinxu said:
Hello all,

I'm still working but am practicing my trading skill during off work hours. I have two way to trade. But not wanting to give out too much details, I'm going to us an analogy referencing the tortoise and the hare fable.

I have one trading system that is boring slow but steady and consistent. Using this system has giving me close to a 100% success rate so far this month. Risk is minimized. Problem is the the profits are slow but they add on. (the tortoise)

The other trading system is more exciting fast quick large. Using this system takes on more risk. But I can get richer if it success. However I can lose just as much quicker if it doesn't work out. (the hare)

I know logically I should trade like the tortoise. But I get impatient and have the urge to trade like the hare. How do I stop this?

I feel like I missed out on a lot of big hits and home runs trades by not trading like the hare. Which contribute to me being impatient.

Do the tortoise with higher leverage...

GAT