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

[jl1575]

Well, it depends. Say, your average salary is 100K/year and it is anther 20 years until you retire, then if you make 1.5 millions over 5 years in trading, then it is the right time to quit the job, since you already earn all the money that you need to make from the salary for the next 15 years. You have that 15 years to yourself, not work for corporation, not report to any boss, not be bothered by either idiot or bully, but just make sure you do have a good system that keeps you profitable, if not , stop trading is an option too.

 

[jinxu]

Fair enough.

If +200% ROI in 2 months (in retail account terms) is bad, then what do you consider to be good?!

Well, I've made 200% in 2 weeks before. Consecutive days of positive returns. I thought that was pretty good.

 

[jinxu]

Well, it depends. Say, your average salary is 100K/year and it is anther 20 years until you retire, then if you make 1.5 millions over 5 years in trading, then it is the right time to quit the job, since you already earn all the money that you need to make from the salary for the next 15 years. You have that 15 years to yourself, not work for corporation, not report to any boss, not be bothered by either idiot or bully, but just make sure you do have a good system that keeps you profitable, if not , stop trading is an option too.

Is this a joke?

 

[jinxu]

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.

Same question. Is this a joke?

 

[JTrades]

Same question. Is this a joke?

Is this thread a joke?

By the way, thank you for this classic:

I am trying to get fire so I can collect unemployment benefits before going full time trading.

 

[jinxu]

Is this thread a joke?

By the way, thank you for this classic:

You obviously care way too much about an internet stranger to go dig that up. Do you have a life? Not a joke.

 

[JTrades]

You obviously care way too much about an internet stranger to go dig that up. Do you have a life? Not a joke.

It was a complement.

 

[zbestoch]

If you can't comprehend this simple divergence in mindsets then it's pointless to try and explain it to you any further.

I see this divergence frequently amongst discussants. The discussions tend to break down when one (or both) parties either 1) do not see this divergence, or 2) both see the divergence, but one (or both) assume that one mindset is "correct" and the other is in "error," as opposed to simply being two different ways of approaching the markets, risk, etc. At least this is my current opinion of the matter. I look forward to your posts, rallymode.

 

[jinxu]

It was a complement.

That's a strange compliment..

 

[jl1575]

jl1575 said:

Well, it depends. Say, your average salary is 100K/year and it is anther 20 years until you retire, then if you make 1.5 millions over 5 years in trading, then it is the right time to quit the job, since you already earn all the money that you need to make from the salary for the next 15 years. You have that 15 years to yourself, not work for corporation, not report to any boss, not be bothered by either idiot or bully, but just make sure you do have a good system that keeps you profitable, if not , stop trading is an option too.

Is this a joke?

Well, first of all, if somebody can make a million or so with a moderate capital over a period of time (a few years), it would demonstrate that he/she has a real edge with a proven system, so that he wouldn't give all the profits back to the market, when his luck is running out that we all see over the years at ET, and that happened to so many elite members. Besides, you probbaly read Neke's journal: he made close to a million bucks over the years (around 8-9 years), and he still keeps his job and keep trading on the side. Ask him why he doesn't quit his job.