When is the right time to quit your job and trade full time?

Sorry, "performance" is subjective. The point is many have average or a little above average results over time - that's the 70% in the middle. If you do a back-of-an-envelope calculation, factoring in traders' abilities and account sizes, it's obvious a career trader needs to be "better" than 90% to make a decent, consistent living.
Why not? I'm already better than 90% everywhere else. No joking. I don't even try that hard and I sill perform better than 90% at work compare to everyone else even people who's been there for 20 years.
 
Food for thought - real performance of an experienced day (and short term overnight) trader at a prop firm during a 2 month period during June / July last year:
  • 450 trades
  • 55% winners
  • 1.9 reward:loss
I would consider that as bad. But winning is winning I suppose...
 
hajimow ...... Your observation is based purely on hindsight, it's a myth that "Everyone Is A Genius In A Bull Market". I would say that most people, and especially on ET are short term traders - not the buy-and-hold type. An experienced trader can easily lag the overall market, or even lose money in a "Bull Market" with long positions - it's all in the timing.

And anybody that does hang on to AAPL during a lengthy bullish run is a good trader - he doesn't got shaken out during the downturns.

:)
True
 
The OP asked:

When is the right time to quit your job and trade full time?

The answer is never.

Giving up a good job to trade is probably the single most foolish thing a person can do careerwise.
 
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