Is it a wise move

S

Super12_3

New Member
#1
#1
Hello,
I have a secured job..but that requires too much of time. which i am unable to give ( as i Have son who is just a year old)...as a result i am not able to concentrate on the work..thus affecting my performance etc... but i really want to give proper atterntion to my son but i want to earn a good amount of money too.
I have a very kin interest in stock market.. i am active in the market for about 2-3 years...but it was mostly on the delivery basis..now one point my husband told me that i can enter into the day trading part..so that i will be able to give attention on home front as well ( it closes at 3.30 pm)..
but i am really very confused about leaving the job...so i am planning to take a leave from the office and try my luck in the day trading..
do u think its a wise move?
 
D

DayTrader_1974

Member
#3
#3
Hi,

Dont leave your job at all, even if you have 1 or 2 profitable months, because a bull market can give profits to anyone!

Take small steps, trade small quantity, read a few books and best of luck!
 
U

uasish

Guest
#4
#4
Madam,
Day trading is the most difficult trading amongst all other type of trading.Like in all other profession this also requires hard work ,practise & discipline.Seen many ppl actually maintaining a descent family life (financially) only Daytrading,but those are more exceptions than normal.
It is your life,you will have to decide.
Best of Luck
Asish
 
I

instaalert

Member
#5
#5
I REMEMBER THE FOLLOWING PROVERB WHAT I READ WHEN I WAS A KID :

" A BIRD IN HAND IS BETTER THAN TWO IN THE BUSH"

I hope you understand the meaning and truth in it.

It won't be wise to leave a job and enter into fulltime trading, unless you are sure of your knowledge on technical analysis / fundamental analysis to be equal to a professional technical analist and can spare afew lakhs for trading, which, won't affect your family, incase if it vanishes, in the battle between BULLS and BEARS.

With a lot of wishes,
instaalert.
 
R

RSI

Well-Known Member
#6
#6
Madam,
Just to add two words in support of what has already been described by other members here.

1. Day trading requires lot of attention to market. If you are unable to concentrate on your present job, it is unlikely that you will be able to give that much of attention to the markets and stock movements which is required for successful day trading.

2. As you said in your post, you want to give full attention to your kid, which I appriciate very much. But that will ensure that you never concentrate on markets, which is required by a day trader.

3. Most importantly, your kid is the greatest investment in your life. If you are torn in between your child and the market, both (i.e. your mental and financial condition as well as the well being your child) will suffer. I never advice you to take your attention off your child for some thing else. As you say, your child is aged only one year. Rememmber, a child at least upto the age of seven years (note I said atleast and not at the maximum) requires the company and careful watch of its parents especialy its mother.

4. Markets were there and will be there in future. But your child will not be a child after a few years. More importantly, its formative years will be lost. Who knows, this country may loose another great doctor/engineer/scientist/ or may a great financial analysit/stock trader, if you do not attend your child closely and carefully in his formative years. So if you desire so, you can start day trading after a few years as well.

5. Remember, motherhood is the greatest job a lady can assume and can perform very well.

God bless your child. May his Almighty shower his choicest flowers upon your child. I wish all the best for his bright future.
Regards
R. S. Iyer
 
A

aroymkp

Member
#7
#7
Seems difficult - though not impossible to earn from Day trading itself. Have tried and backtested many methods of day trading - it can ONLY give retruns if you trade your system throughout the year and with immense discipline. Think twice before making stock trading your preference against job.
 
S

Super12_3

New Member
#9
#9
Thanks ! :)
RSI said:
Madam,
Just to add two words in support of what has already been described by other members here.

1. Day trading requires lot of attention to market. If you are unable to concentrate on your present job, it is unlikely that you will be able to give that much of attention to the markets and stock movements which is required for successful day trading.

2. As you said in your post, you want to give full attention to your kid, which I appriciate very much. But that will ensure that you never concentrate on markets, which is required by a day trader.

3. Most importantly, your kid is the greatest investment in your life. If you are torn in between your child and the market, both (i.e. your mental and financial condition as well as the well being your child) will suffer. I never advice you to take your attention off your child for some thing else. As you say, your child is aged only one year. Rememmber, a child at least upto the age of seven years (note I said atleast and not at the maximum) requires the company and careful watch of its parents especialy its mother.

4. Markets were there and will be there in future. But your child will not be a child after a few years. More importantly, its formative years will be lost. Who knows, this country may loose another great doctor/engineer/scientist/ or may a great financial analysit/stock trader, if you do not attend your child closely and carefully in his formative years. So if you desire so, you can start day trading after a few years as well.

5. Remember, motherhood is the greatest job a lady can assume and can perform very well.

God bless your child. May his Almighty shower his choicest flowers upon your child. I wish all the best for his bright future.
Regards
R. S. Iyer
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