Trading as Profession

shaj_nair · #1 24th January 2008, 09:34 AM

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..

bktiwari · #2 24th January 2008, 11:14 AM

Pl do not leave your jobs

tawakley · #3 24th January 2008, 12:09 PM

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.

ganna1960 · #4 24th January 2008, 12:13 PM

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

romanov · #5 24th January 2008, 01:36 PM

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

piyushonline · #6 24th January 2008, 04:55 PM

Quote:

Originally Posted by romanov

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.

Saint · #7 25th January 2008, 11:18 PM

Quote:

Originally Posted by shaj_nair

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

anjubhatia · #8 25th January 2008, 11:35 PM

Quote:

Originally Posted by Saint

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

amitt29 · #9 25th January 2008, 11:51 PM

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.

drpsiva · #10 26th January 2008, 12:22 AM

[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

The Following User Says Thank You to shaj_nair For This Useful Post:
darkstar (27th April 2010)

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ARMHM (24th October 2008), arun16 (3rd March 2010), ash.paul (3rd June 2010), AW10 (24th October 2008), Gdraj (23rd August 2010), gsalvadi (21st December 2009), nikrod (29th April 2010), rithikesh (24th December 2009), Satyen (18th June 2010), sekharjchandra (15th June 2010), senty (9th November 2008), the tape (29th August 2008), tnsn2345 (4th June 2010), TraderInTheZONE (1st May 2010), vssoma (8th April 2010)