Trying to transition from full time job to trading. Having trouble with discipline.
- Thread starter jinxu
- Start date
Am not going to get married for this, LOL I just keep going for hypnosis, tons cheaper.
Learn to program it, and after awhile, you fall into a "Don't see, Don't care" mode with automation, you check end of day runs of how it is doing, then go back to whatever you like to be doing.
I have fallen into I don't like trading much any more, still checking on current method automated, when I feel fully happy with it, just going to work on option systems. Day trading just takes too much effort-way too much like work. Work with a few others to help them is fun, but having to watch the screen for even 75 minutes----might start playing with scabs, LOL.
Just do whichever is most conservative method and do other things in your life.
What makes you so sure of this outcome, especially with self-professed discipline issues ?
Jinxu, correct me if im wrong but your acct only has 1300 bucks in it...
You cant quit your job when you have that little.
Also why is everyone oggling at the 20% in a month when his balance is 1000 bucks. Anyone can pull that off. No offense but its just not significant on a 1k acct.
Double digit returns are meaningless until you get into the 5-6 figure acct mark.
Either way keep at it. It looks like you are trading futures too which is a step in the right direction. From experience and observation I can tell yoy that lucky streaks can last for weeks or montjs but eventually luck always runs out, ALWAYS. You will be shown whether you have skill or were lucky within a few months time.
Good luck
You cant quit your job when you have that little.
Also why is everyone oggling at the 20% in a month when his balance is 1000 bucks. Anyone can pull that off. No offense but its just not significant on a 1k acct.
Double digit returns are meaningless until you get into the 5-6 figure acct mark.
Either way keep at it. It looks like you are trading futures too which is a step in the right direction. From experience and observation I can tell yoy that lucky streaks can last for weeks or montjs but eventually luck always runs out, ALWAYS. You will be shown whether you have skill or were lucky within a few months time.
Good luck
$1300 account...
Not to sound disrespectful but this tread is a joke
So you made $250 dollars in a month and out of that you have to pay income tax, pay for the electricity you used and your internet connection and your trading platform.
So in reality you didn't make any money. You are breaking even (which is excellent by the way) and this is just a hobby at this point.
In reality in order to trade full time, you need to
-pay taxes
-grow your account
-pay food/shelter expenses for you and your family
-pay medical insurance if you live in the USA
-pay yourself a salary for the hours you've put in (you wouldn't be going to a job if all the job was paying for was your shelter and food, would you?)
And consider that even the best of the best traders have losing months and even losing years.
Good luck
Not to sound disrespectful but this tread is a joke
So you made $250 dollars in a month and out of that you have to pay income tax, pay for the electricity you used and your internet connection and your trading platform.
So in reality you didn't make any money. You are breaking even (which is excellent by the way) and this is just a hobby at this point.
In reality in order to trade full time, you need to
-pay taxes
-grow your account
-pay food/shelter expenses for you and your family
-pay medical insurance if you live in the USA
-pay yourself a salary for the hours you've put in (you wouldn't be going to a job if all the job was paying for was your shelter and food, would you?)
And consider that even the best of the best traders have losing months and even losing years.
Good luck
$250 on one contract. According to my calculatuon $250 over 10 contracts is $2500. Over 100 contract is $25000. Sounds pretty good to me. $1000 is just a starter account. I haven't deposited all my money into it yet. And I do think it is amazing. Being able to make $250 on one day on $1000 is insurance against system blow up. Meaning I can always easily get another 1000 buck to trade. I don't need 100k. See the beauty in this approach.
In the past I had sleep issues that affected my trading performance during the day. I recently figured how to solve my sleep issue. That was the big issue.
I don't know any trader who didn't have at least one losing year. The first 1 to 5 years is typically a painful struggle either losing money or breaking even.
A lot of people on Twitter claim to be turning $5k account into millions but personally I've never seen proof of this.
Sure, there are rare examples of people who traded the right market at the right time. But those are the rare exceptions - they are the outliers.