Hello.
I'm a trader and an investor. And I'm only 16.
It doesn't actually matter whether you quit your job or only trade and invest in the markets. Firstly, I'm not an intraday trader, but quite a short term trader. I always keep 10% of my portfolio as long term investment.
I trade and invest besides my studies. I have a fixed set of strategies to trade, and I only follow those rules like a machine. This way, since my dad started our new broker house back in early 2008, I've enjoyed returns in excess of a few hundred percent.
My strategies are:
1. Use margin loan (here you get up to 1:1).
2. I NEVER buy a share with more than 10% of your PF value (margin loan included). Because some of my biggest losses were when I tried to 'gamble' by putting a high % of my PF value on only one share.
3. I use VSA (of Karthikmarar) and a simple EMA trading system with volume spike for trading. Nothing else.
4. I check on the share price condition every 3 days.
5. If P/E ratio of a stock is low, and if the stock gives a bonus share as dividend, buy it just before record date and take the bonus share.
Another I forgot to mention: Buy only low P/E stocks.
Above all: I trade and invest like a MACHINE! Some of my very senior friends say "If I held this share for one more day, I would've gained 10%!!!". Some say "Why didn't I sell this earlier?!". I don't say anything. Neither do I give any importance to trading. I employ amibroker and the trading systems as slaves who do the job for me. I've learned to avoid all emotions related to trading. Never can I name one instance in which my studies or academic performance were affected due to interests in trading.
So, I think it doesn't matter if you quit your job or not. Employ trading systems as your slave. Don't show any emotion and be stringent when your trading system gives a signal, because you are their master. Learn to avoid ALL emotions when a stock goes up after you sell or goes down for a stoploss. Follow your strategy like a machine. You can do good by trading/investing with your job or by quitting your job.
I am thinking if I can make a software which would place automatic orders with my online brokerage account as soon as there is a buy or sell signal from the EMA system. I would be able to completely avoid having to check on amibroker every 2-3 days.
NOTE: I do not intend to offend anyone.