Hi all!
I have been day trading for about close to 3 years now and all the previous years, I had been in deep red. It's only since the last 3 months now that I am seeing some fresh sprouts of green.
I had been thinking of quitting my regular day job and become a full-time day trader soon. I am personally targeting September to achieve this.
The biggest worry and the one thing that scares me the most is how do I make myself mentally engaged if I just trade for 3 to 4 hours a day? I have finally honed a trading style that does not involve me sitting in front of the desk for beyond the said time. I believe in the law of diminishing marginal utilities and there have been many instances when I ruined a day's profit just by mindlessly taking trades when I should not have had.
This is also my biggest worry that I would take unnecessarily risky trades when I should not be taking them.
I would be very grateful if I can get some advice with respect to this. How to keep mentally engaged when not in a full-time job but trading completely and that too for only 3 to 4 hours a day? I can at the best factor in some gym time, do a lot of reading but it would still not be a substitute for a full-time job. As the deadline approaches, I am honestly a bit scared.
Sorry if this question does not belong here.
Thanks once again!
A
I have been day trading for about close to 3 years now and all the previous years, I had been in deep red. It's only since the last 3 months now that I am seeing some fresh sprouts of green.
I had been thinking of quitting my regular day job and become a full-time day trader soon. I am personally targeting September to achieve this.
The biggest worry and the one thing that scares me the most is how do I make myself mentally engaged if I just trade for 3 to 4 hours a day? I have finally honed a trading style that does not involve me sitting in front of the desk for beyond the said time. I believe in the law of diminishing marginal utilities and there have been many instances when I ruined a day's profit just by mindlessly taking trades when I should not have had.
This is also my biggest worry that I would take unnecessarily risky trades when I should not be taking them.
I would be very grateful if I can get some advice with respect to this. How to keep mentally engaged when not in a full-time job but trading completely and that too for only 3 to 4 hours a day? I can at the best factor in some gym time, do a lot of reading but it would still not be a substitute for a full-time job. As the deadline approaches, I am honestly a bit scared.
Sorry if this question does not belong here.
Thanks once again!
A