Advice needed please help !!!

#1
Hi all,

I am facing a deli-ma please share your views regarding this

I am currently working in IT sector with OK kind of salary (I am married too...)

I have been learning and day trading since past 3/4 months and though returns are not that great but my ledger is black and I have learnt a lot and got a hang of the business.

Now problem is all this while I was day trading my other area of work this my job suffered, and I have come to the realization that both of the areas (and marriage) are difficult to juggle together; sooner or later job performance will dip due to day trading. I feel I need to choose between one of them unfortunately :mad::mad::mad:

Now problem with job is that I am not built to be a job seeker its not in my blood. I can earn OK with this and never be wealthy (the entire capitalism is based on keeping the job seekers from poor to middle class level while the capitalist are having all the fun). Advantage is a steady income, peace of mind (though there is no job security these days) etc.

Come to day trading advantage is I am on my own, there is no limit to wealth I can live my dreams through this.
Disadvantage is its risky, as of now the earnings are just a fraction (tiny one) of my steady income, I am not sure if I could be a successful trader so as to replicate my job income in any way looking at the fact that most traders loose.

I am sure many of you must have faced or are facing such a situation; having a day job and do day trade.

The most obvious answer would be to move from 3/5 min TF to 60 min TF but somehow I am not comfortable trading 60min TF. I never got a hang of 60min and swing trading. I can do delivery trades but i don't have that kind of capital to do delivery trades.

Fellow traders I appreciate all of your efforts on this forum and have no words to thanks you all as all my trading knowledge/skills are courtesy to all of you, please help me out with this one too...
 

Mr.G

Well-Known Member
#2
Hi all,

I am facing a deli-ma please share your views regarding this

I am currently working in IT sector with OK kind of salary (I am married too...)

I have been learning and day trading since past 3/4 months and though returns are not that great but my ledger is black and I have learnt a lot and got a hang of the business.

Now problem is all this while I was day trading my other area of work this my job suffered, and I have come to the realization that both of the areas (and marriage) are difficult to juggle together; sooner or later job performance will dip due to day trading. I feel I need to choose between one of them unfortunately :mad::mad::mad:

Now problem with job is that I am not built to be a job seeker its not in my blood. I can earn OK with this and never be wealthy (the entire capitalism is based on keeping the job seekers from poor to middle class level while the capitalist are having all the fun). Advantage is a steady income, peace of mind (though there is no job security these days) etc.

Come to day trading advantage is I am on my own, there is no limit to wealth I can live my dreams through this.
Disadvantage is its risky, as of now the earnings are just a fraction (tiny one) of my steady income, I am not sure if I could be a successful trader so as to replicate my job income in any way looking at the fact that most traders loose.

I am sure many of you must have faced or are facing such a situation; having a day job and do day trade.

The most obvious answer would be to move from 3/5 min TF to 60 min TF but somehow I am not comfortable trading 60min TF. I never got a hang of 60min and swing trading. I can do delivery trades but i don't have that kind of capital to do delivery trades.

Fellow traders I appreciate all of your efforts on this forum and have no words to thanks you all as all my trading knowledge/skills are courtesy to all of you, please help me out with this one too...
Voh sab toh theek hai, lekin teri problem kya hai?
 

whisky

Well-Known Member
#4
Jain Sahab, Pehle batao appka dil kya chahta hai.. Dil ki suno or bolo All is well.. There is only one life & we should do what makes us happy.
 

AFORASTRO

Well-Known Member
#5
Hi all,

I am facing a deli-ma please share your views regarding this

I am currently working in IT sector with OK kind of salary (I am married too...)

I have been learning and day trading since past 3/4 months and though returns are not that great but my ledger is black and I have learnt a lot and got a hang of the business.

Now problem is all this while I was day trading my other area of work this my job suffered, and I have come to the realization that both of the areas (and marriage) are difficult to juggle together; sooner or later job performance will dip due to day trading. I feel I need to choose between one of them unfortunately :mad::mad::mad:

Now problem with job is that I am not built to be a job seeker its not in my blood. I can earn OK with this and never be wealthy (the entire capitalism is based on keeping the job seekers from poor to middle class level while the capitalist are having all the fun). Advantage is a steady income, peace of mind (though there is no job security these days) etc.

Come to day trading advantage is I am on my own, there is no limit to wealth I can live my dreams through this.
Disadvantage is its risky, as of now the earnings are just a fraction (tiny one) of my steady income, I am not sure if I could be a successful trader so as to replicate my job income in any way looking at the fact that most traders loose.

I am sure many of you must have faced or are facing such a situation; having a day job and do day trade.

The most obvious answer would be to move from 3/5 min TF to 60 min TF but somehow I am not comfortable trading 60min TF. I never got a hang of 60min and swing trading. I can do delivery trades but i don't have that kind of capital to do delivery trades.

Fellow traders I appreciate all of your efforts on this forum and have no words to thanks you all as all my trading knowledge/skills are courtesy to all of you, please help me out with this one too...
are you developer or in support stuff.You may think about changing job profile ..:D
sarkari naukri.....may be peon or something would be better.koi mujhe sarkari peon ki bhi nauukri pe nahi rakhta ...wahan bhi competition hai
 
#6
@Jain.er

Many people who have a job and try to trade on five minutes or any intra day time frame do face your problem. What ever you do in live, it should be done with all what we have: Happiness, guts, motivation and so on and on. If you start to concentrate on that and feel that you do the right thing, then you will be successful by what you do.

You now have to clear out your feelings about your situation. You may even have to over think again how you live and how you would like to live, what you do and what you would like to do. Start to clarify those two points in dept and then decide again what is more important to you: Maybe losing your job because of not being there with your mind, as your mindset is with the money you put in your trades or leaving trading and concentrate fully on your job.

As you already spent time to learn and get some kind of idea how to trade, you still can continue with paper trading on a time frame which is not intra day. Many pros which traded in there past intra day changed to such bigger time frames. The solution to your problem in that way is given in case you stay with your job and the live you practice now. Let me make it clear:

- You do not lose your trading skills, you even would expand them by learning how to trade (at least for the moment on paper) a daily or even bigger time frame.
- You again will be fully concentrated on your job and that means more success in it. More success in that case may even would result in a bit a higher salary or even a step up in the company. And so on.

The final point still is: You have to change your mindset about the given situation and accept that you not can move on the way you do now. The pressure you put on your self by thinking: I must trade on that intra day time frame is not needed. Give it a chance to go back to paper trading and learn how to trade on bigger time frames. That would bring you in a more comfortable living zone and even in a "Trading in the zone" mindset.

Leave that post or take that post, it is your will. I wish you any way good luck and a happy future.
 

Mr.G

Well-Known Member
#7
But I have a really bad feeling that your cheating your employer. Instead of doing your job for which you are being payed, instead of increasing productivity in free time are you trading stocks. This is clear cheating.

Either do what you are being paid to do in good faith by some other person or leave your job and become full time trader. If you cant do that do positional trading. That way you can trade and do your job. Dont be eat on haraam. SHAME ON YOU.
 

saakk

Well-Known Member
#8
But I have a really bad feeling that your cheating your employer. Instead of doing your job for which you are being payed, instead of increasing productivity in free time are you trading stocks. This is clear cheating.

Either do what you are being paid to do in good faith by some other person or leave your job and become full time trader. If you cant do that do positional trading. That way you can trade and do your job. Dont be eat on haraam. SHAME ON YOU.
Though I won't choose the same words as he did but let us see that the FUND MANAGER himself is trying his hand on intra day trading and he is also a editor or whatever of some shity news paper and upon that he promise to give back 20% of every 10% loss. I pity the investors who's manager is trying his hands on evey thing and up on that advising others on moral.... No wonder only 10% make it to the top....
 

Mr.G

Well-Known Member
#9
Though I won't choose the same words as he did but let us see that the FUND MANAGER himself is trying his hand on intra day trading and he is also a editor or whatever of some shity news paper and upon that he promise to give back 20% of every 10% loss. I pity the investors who's manager is trying his hands on evey thing and up on that advising others on moral.... No wonder only 10% make it to the top....
I understand your opinion and I didnt know you have taken up the duty to be the moral police on this forum. I am no trying my hand on intra-day. You are misinformed. Dont judge my newspaper as you have no right to do so.

I never promised 20% of every 10%, it was 25% of any loss. That is none of your concern anyways.

I am a businessman and it is my concern to try and profit from any avenue possible, I am not under obligation from anyone to follow just one.

I do not see why you are so dis respectful towards me., is it because I am voicing my opinion? Did I say something wrong or am I at fault somewhere that I cannot see? I pity you sir for being so abrupt in insulting a person who didn't mean any offence to you.
 

TraderRavi

low risk profile
#10
Hi all,

I am facing a deli-ma please share your views regarding this

I am currently working in IT sector with OK kind of salary (I am married too...)

I have been learning and day trading since past 3/4 months and though returns are not that great but my ledger is black and I have learnt a lot and got a hang of the business.

Now problem is all this while I was day trading my other area of work this my job suffered, and I have come to the realization that both of the areas (and marriage) are difficult to juggle together; sooner or later job performance will dip due to day trading. I feel I need to choose between one of them unfortunately :mad::mad::mad:

Now problem with job is that I am not built to be a job seeker its not in my blood. I can earn OK with this and never be wealthy (the entire capitalism is based on keeping the job seekers from poor to middle class level while the capitalist are having all the fun). Advantage is a steady income, peace of mind (though there is no job security these days) etc.

Come to day trading advantage is I am on my own, there is no limit to wealth I can live my dreams through this.
Disadvantage is its risky, as of now the earnings are just a fraction (tiny one) of my steady income, I am not sure if I could be a successful trader so as to replicate my job income in any way looking at the fact that most traders loose.

I am sure many of you must have faced or are facing such a situation; having a day job and do day trade.

The most obvious answer would be to move from 3/5 min TF to 60 min TF but somehow I am not comfortable trading 60min TF. I never got a hang of 60min and swing trading. I can do delivery trades but i don't have that kind of capital to do delivery trades.

Fellow traders I appreciate all of your efforts on this forum and have no words to thanks you all as all my trading knowledge/skills are courtesy to all of you, please help me out with this one too...
dont leave job and earn/save a big corpus then try positional along with job.
 

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