A trader can go to full time trader if he is earning consistently from 4 years, at least. I didn't added the learning period in this time (which in normal cases should be around 2 years). Secondly he should have enough capital that upon generating 5 - 8% profit per month will give him money to meet his monthly expenses.
When is the right time to quit your job and trade full time?
- Thread starter jinxu
- Start date
These threads are so classic Elite Trader it's hysterical. I make 5% a week, minimal drawdowns, blah blah blah... I'm gonna trade full time, I'll be RICH BIATCH.
Did you clowns pass grade 8 math class? If you started with 100k, you'd have a BILLION in 4.3 years. You'd pass Warren Buffet wealth in 6.2 years. In 10 years you'd literally own the entire stock market 10 times over again...
Yet something tells me you'll still be driving your 98' Honda Civic 5 years from now.....
Did you clowns pass grade 8 math class? If you started with 100k, you'd have a BILLION in 4.3 years. You'd pass Warren Buffet wealth in 6.2 years. In 10 years you'd literally own the entire stock market 10 times over again...
Yet something tells me you'll still be driving your 98' Honda Civic 5 years from now.....
You don't get it. Once the billion mark is reached, the Elite Trader stops compounding and just brings home a measly 50mil per week. Wife has to go shopping ya know...
'97 Civic motherfucker!
I've got a 98 Honda Accord 2.0 vtec EXecutive nothing wrong with that firstly. Loved my 2002 Civic 1.6 SE back, top car! My 89 Prelude best car I've had EVER!!
Can you take, 2 or 4 weeks off ?? sit at home, trade like you would if you was full time, see if you........
a) get bored, then screw it up making stupid trades.
b) continue to function well as a trade and make more than your wage is ? or enough if you need to grow the account for a while maybe to get to the more stage!!
Compounding slows around the 20K mark sadly depending on your leverage, not much point having more than 20K ever at risk.
Can you take, 2 or 4 weeks off ?? sit at home, trade like you would if you was full time, see if you........
a) get bored, then screw it up making stupid trades.
b) continue to function well as a trade and make more than your wage is ? or enough if you need to grow the account for a while maybe to get to the more stage!!
Compounding slows around the 20K mark sadly depending on your leverage, not much point having more than 20K ever at risk.
Hehe...I'm just passing by and since this thread is still active, I'll entertain these questions. I took a few days off recently for my birthday. I traded for a few hours. Made four trades that were all positive. Return was about 25-50% of my starting balance.
25-50% in 4 trades - yeah, little risk there!
You should've mentioned you weren't serious about going full-time since you had some serious people replying in your thread.
You can risk more if there's high probability. I'm still deciding. Didn't say I wasn't serious. World economy may be crashing so maybe not the best of times to quit. I have enough vacation days to take off a few days a month to trade if I want. However I'm currently not very active in watching the market.
lol -- I have That in just One trade, entire account-wise
If you have a formula that's more reward than risk...then just work it -- the numbers and probability will just take care of themselves.
It's important you extend/leverage the reward, but cap and watch the risk...so it's a 4:1 or 3:1 or 2:1 ratio.
Big, liquid market...and just a combination of trend following, common sense, intuition, and luck.
But I wouldn't recommend anyone do what I'm doing.
Last edited: