That raises an interesting point. How does someone build up a large enough capital, and build up enough screen-time and skill to be able to trade full-time, when having limited time to devote to trading because of their full-time job? Seems to be a bit of a catch-22 situation to me.
How have others on here made that transition from part-time to full-time trader?
As far as getting enough experience and skill, you just need to practise, review, practice, review (isn't this how it goes TH?) when & where you can find the time to do it.
Yes, but if you didn't have to go to work, you'd be able to get much more done and learn at a much faster rate. But on the other hand you can't give up work because you need the money. Kind of like doing a uni course full-time vs part-time.
To be fair I don't think anyone has bagged Mr J out. No one has said he can't do it or that he won't do it.
He has been questioned over some of his statements which I think is fair enough, if you want to make claims on a public forum you have to expect to be questioned about them.
Yes, but if you didn't have to go to work, you'd be able to get much more done and learn at a much faster rate. But on the other hand you can't give up work because you need the money. Kind of like doing a uni course full-time vs part-time.
I can't see the point of the argument. I have been a foster parent for 10-years as well as raising my own kids. I can assure you that there is plenty of scum walking the streets, not only abusing children but abusing any part of society they can get away with. Just in my local area there are 65 kids a month needing a home.
I think the least of societies issues are what constituents the value-add that traders offer.
Admire your and Trish's commitment to your community.
65 kids a month now thats commitment!
if you have the right set up, you can get 300+ out of the market each day.. no sweat..
300 x 5 = 1500 per week..
with a 5 tic stop max..
so you could start trading the spi with 6k..
as you build so do the contracts..
but you have to do the time..
have fun
ac
ps and that is half the fun
I can understand the interaction part.I think full time trading would make me too nervous - I like having a full time job which can replenish the bank balance after taking some hits on the market!
I can't help but think it would also drive me insane! I need interaction with people
I think full time trading would make me too nervous - I like having a full time job which can replenish the bank balance after taking some hits on the market!
This is true, nothing has been personal. Really just comes to me suggesting that high returns are possible with a small edge and volume, and others suggesting that I shouldn't suggest that is possible unless I've done it myself, even though it is!:
It's not really a Catch-22 situation, it just means progress is slower. If I was working 9-5, I'd just have to trade the European session for a few hours rather than trading the Asian session for 6 hours. I'd also get software with playback to watch on the weekend. If one is willing to sacrifice personal time, I don't think progress will be that much slower.
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