Trading as Profession

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  #1  
Old 24th January 2008, 09:34 AM
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shaj_nair is on a distinguished road
Default Trading as Profession



Hi to all,

I am doing small level trading for the past 2 years.... along with my current IT job...

Would like to know is there people doing trading on a daily basis as profession... and also is there any people who have quit there jobs for the sake of Trading...???

For the past few months, the thought of quitting my current job and to take up trading more seriously is crossing my mind.... so thought of getting all your expertise and advices....

Please offer your views...

Thanks..

Shaju..

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  #2  
Old 24th January 2008, 11:14 AM
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bktiwari is on a distinguished road
Default Re: Trading as Profession

Pl do not leave your jobs

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  #3  
Old 24th January 2008, 12:09 PM
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tawakley is on a distinguished road
Default Re: Trading as Profession

Mkts. are risky u can make huge profits but their is constant danger of loss also and the rule is - expected profit is not profit but expected loss is a LOSS ! so think logically, try to cope up with ur current job only.

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  #4  
Old 24th January 2008, 12:13 PM
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satyaprakash is on a distinguished road
Default Re: Trading as Profession

I fully agreee with mr. tawakley , Always keep trading as hobby only you can make it a profession only when you feel retirement from the earlier job , then also reconsider pros and cons before leaping

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  #5  
Old 24th January 2008, 01:36 PM
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romanov is on a distinguished road
Default Re: Trading as Profession

If you are that intrested..get into a brokering firm's IT department where you can leverage your IT skills..and keep your ears open for Insider Info...easiest way to earn Money

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  #6  
Old 24th January 2008, 04:55 PM
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piyushonline is on a distinguished road
Default Re: Trading as Profession

Quote:
Originally Posted by romanov View Post
If you are that intrested..get into a brokering firm's IT department where you can leverage your IT skills..and keep your ears open for Insider Info...easiest way to earn Money
Excellent... this is really out of box thinking. Please dont leave your job for trading. Either go to MF management or IT dept of brokerage firm.

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  #7  
Old 25th January 2008, 11:18 PM
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Saint will become famous soon enough
Default Re: Trading as Profession

Quote:
Originally Posted by shaj_nair View Post
Hi to all,

I am doing small level trading for the past 2 years.... along with my current IT job...

Would like to know is there people doing trading on a daily basis as profession... and also is there any people who have quit there jobs for the sake of Trading...???

For the past few months, the thought of quitting my current job and to take up trading more seriously is crossing my mind.... so thought of getting all your expertise and advices....

Please offer your views...

Thanks..

Shaju..
Hi Shaju,

I was a doctor by profession.......but the last many years have been trading for my daily bread.

To cut a highly tedious long story short,trading was my passion,medicine was my profession.Used to work mornings and trade the US markets in the nights......But once regular profits started to come in,and the income was much,much more from trading than medicine,at a certain point,it became ridiculous to hold on to something that I was not that bothered about anyway.......Medicine gave way to full time trading.

Have I felt that I should run back to Medicine at any time?Not so far....

Is it all a bed of roses?No way.The months when you don't earn from the markets,you wish that you were a doctor earning a regular income,or a trader giving some seminars,or making some money off newsletters,etc. There is a lot of pain that you have to endure,it's a tumultous path to huge incomes.........But if you can sort it all out,and you have a set capital to fall back on,and you have an understanding family,nothing beats this path.

Would I change this for anything in the world?No way!!

Should you quit your job and take up full time trading?Well,for a start,trade part time and see if you have what it takes to do this.Meanwhile build up a good capital,not only capital to trade,but something that you can fall back upon.And then see..........if you have the capital,and all the rest that is required off you and the guts to travel this path,welcome to the club.

All the best!
Saint

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"You cannot change the direction of the wind,but you CAN adjust the sail..."
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  #8  
Old 25th January 2008, 11:35 PM
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anjubhatia is on a distinguished road
Default Re: Trading as Profession

Quote:
Originally Posted by Saint View Post
Hi Shaju,

I was a doctor by profession.......but the last many years have been trading for my daily bread.

To cut a highly tedious long story short,trading was my passion,medicine was my profession.Used to work mornings and trade the US markets in the nights......But once regular profits started to come in,and the income was much,much more from trading than medicine,at a certain point,it became ridiculous to hold on to something that I was not that bothered about anyway.......Medicine gave way to full time trading.

Have I felt that I should run back to Medicine at any time?Not so far....

Is it all a bed of roses?No way.The months when you don't earn from the markets,you wish that you were a doctor earning a regular income,or a trader giving some seminars,or making some money off newsletters,etc. There is a lot of pain that you have to endure,it's a tumultous path to huge incomes.........But if you can sort it all out,and you have a set capital to fall back on,and you have an understanding family,nothing beats this path.

Would I change this for anything in the world?No way!!

Should you quit your job and take up full time trading?Well,for a start,trade part time and see if you have what it takes to do this.Meanwhile build up a good capital,not only capital to trade,but something that you can fall back upon.And then see..........if you have the capital,and all the rest that is required off you and the guts to travel this path,welcome to the club.

All the best!
Saint
respected saint,
seniors r always seniors, as they r always humble & share their knowledge in a very different manner.
Excellent way of teaching us!!!
thanks

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  #9  
Old 25th January 2008, 11:51 PM
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Join Date: Oct 2005
Location: Still Locating
Posts: 786
amitt29 is on a distinguished road
Default Re: Trading as Profession

A dialogue extract from the movie Soldier.

Sandra: Sgt. Todd... what's it like? What's it like being a soldier? What do you think about?
Todd: [silence]
Sandra: You must think about something?
Todd: [silence]
Sandra: What about feelings then?
Todd: [silence]
Sandra: You must *feel* something?
Todd: [silence]
Todd: Fear
Sandra: Fear?
Todd: Fear and discipline.
Sandra: Now?
Todd: Always.

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  #10  
Old 26th January 2008, 12:22 AM
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Join Date: Oct 2007
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drpsiva is on a distinguished road
Default Re: Trading as Profession

[quote=anjubhatia;149815]respected saint,
seniors r always seniors, as they r always humble & share their knowledge in a very different manner.
Excellent way of teaching us!!!
thanks[/QUOTE

i second that

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