When did you start trading full time? | Forex Factory

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When did you start trading full time?

  • #1
  • First Post: Apr 26, 2020 7:07pm Apr 26, 2020 7:07pm
Hi,

Just wanted to know when did you start trading full time and how did you know it was time to take trading full time?
  • #2
  • Apr 27, 2020 7:57am Apr 27, 2020 7:57am
Now it is more relevant than ever, the main thing is that there is enough knowledge and desire to develop, and everything else will be applied. And in general, you probably start doing it when there are certain knowledge and you understand that you lack a standard daily growth, you want constant development. And on the whole now there are all the opportunities for you to do it, because you can trade almost anywhere in the world, you can use a laptop or a smartphone.
Although you should be more careful with your initial capital, it can be quite dangerous and risky, you should not forget to be careful.
  • #3
  • Apr 27, 2020 8:37am Apr 27, 2020 8:37am
It seems to me that this feeling, or rather the desire comes when you realize that trading is exactly what you want to do as seriously and productively as possible, and it really does not work for many people.I think that's because it's not that easy, I think that's because it is not so easy, many traders do not agree to do it or trade only in the mood from time to time, although I think that it is not serious. On the other hand, everyone should do what they do best. After all, we are all so different. Plus, it's worth noting that if you do it all day long, it's most likely to become your main source of income, and this is a completely different level of responsibility.
  • #4
  • Apr 27, 2020 5:02pm Apr 27, 2020 5:02pm
Thanks for the replies, I have a current strategy I am forward testing, I have back tested it and it has been successful now I am forward testing it for the past 3 months, which it is still profitable, however I made a few mistakes on the way which wasn't a part of the strategy but I have now corrected myself.

I guess I need to put more confidence in myself, when the time comes to be a full time trader. To be honest even with my strategy it doesn't take up much time in the day, its less than a hour throughout the day, which would leave me with a lot of time to do whatever
  • #5
  • Apr 28, 2020 2:55am Apr 28, 2020 2:55am
i have started trading full time this month.I was profitable over 2 quarters trading demo. I planned to demo trade for one more quarter but this lockdown gave me more time to focus so i went live. It has been going well so i know i made a good choice. I will start a journal soon. You should only go live when you are comfortable and confident , a lot of problems come from psychology of the trader.
  • #6
  • Apr 28, 2020 10:35am Apr 28, 2020 10:35am
Quoting Londonboy24
i have started trading full time this month.I was profitable over 2 quarters trading demo. I planned to demo trade for one more quarter but this lockdown gave me more time to focus so i went live. It has been going well so i know i made a good choice. I will start a journal soon. You should only go live when you are comfortable and confident , a lot of problems come from psychology of the trader.

Amazing, if you start a journal let me know. I would like to follow it
  • #7
  • Apr 28, 2020 1:04pm Apr 28, 2020 1:04pm
I thought about that 5 years ago.. I was crazy !!
  • #8
  • Apr 29, 2020 6:16pm Apr 29, 2020 6:16pm
Quoting HeyYou
I thought about that 5 years ago.. I was crazy !!
Im guessing it is paying off though right?
  • #9
  • Apr 29, 2020 6:47pm Apr 29, 2020 6:47pm
What do you mean - "full time"? Hardly anyone ought to trade "full time", because most people are not made for doing only that "full time". It will have them become careless and bored of it. I only trade when I feel there really is an edge at hand against obvious stupidity in the market, which is rare, and risky enough already.
  • #10
  • Apr 29, 2020 9:56pm Apr 29, 2020 9:56pm
Quoting akamrp
{quote} Amazing, if you start a journal let me know. I would like to follow it
I have just opened my journal thread. thanks pal.
  • #11
  • Apr 30, 2020 1:20am Apr 30, 2020 1:20am
Quoting akamrp
{quote} Im guessing it is paying off though right?

well, things are very different from 5 years ago.

I had high expectations back then , due to the fact that my approach was too optimistic (e.g. relying too much on past performance, using tight stops, risking too much per trade, underestimate slippage etc.).

but it didn't take long to realize it... and I don't regret my decision to keep my job.

Now I'm just focused on executing a plan. maybe I will go full time AFTER making at least $200k
  • #12
  • Apr 30, 2020 1:45am Apr 30, 2020 1:45am
If you are in the USA i would suggest maintaining your career for the sole reason of health coverage...
You really want to be in the 1% before you are dealing with fronting your own healthcare.

I would go full time much sooner in a different country
Truely fucked but what can you do

edit: I see you are in the UK, lucky bastard
its just a script. join the club
  • #13
  • Apr 30, 2020 4:53am Apr 30, 2020 4:53am
Quoting Easy.wait
What do you mean - "full time"? Hardly anyone ought to trade "full time", because most people are not made for doing only that "full time". It will have them become careless and bored of it. I only trade when I feel there really is an edge at hand against obvious stupidity in the market, which is rare, and risky enough already.

I guess full time isn't what I really meant, I what I should of said is making trading your main source of income/ leaving your job. As I don't think anyone really needs to be on the computer all day unless they are scalpers
  • #14
  • Apr 30, 2020 4:54am Apr 30, 2020 4:54am
Quoting Dzap
If you are in the USA i would suggest maintaining your career for the sole reason of health coverage... You really want to be in the 1% before you are dealing with fronting your own healthcare. I would go full time much sooner in a different country Truely fucked but what can you do edit: I see you are in the UK, lucky bastard

Yes, I am from the UK lol.

We get spreadbetting here too which is tax free
  • #15
  • Apr 30, 2020 5:42am Apr 30, 2020 5:42am
Quoting akamrp
{quote} I guess full time isn't what I really meant, I what I should of said is making trading your main source of income/ leaving your job. As I don't think anyone really needs to be on the computer all day unless they are scalpers
Since 2012. Trading is a full time knowledge career.

Full time because when I'm not in a trade, I'm researching how to improve. This is a brutal business, I've never ever seen anyone less than 100% committed succeed.

And knowledge career, because it's a game of those who know rinsing those who don't. You can't google or even pay for what you need to know. As far as I know of course
  • #16
  • Apr 30, 2020 10:09pm Apr 30, 2020 10:09pm
Quoting HeyYou
{quote} well, things are very different from 5 years ago. I had high expectations back then , due to the fact that my approach was too optimistic (e.g. relying too much on past performance, using tight stops, risking too much per trade, underestimate slippage etc.). but it didn't take long to realize it... and I don't regret my decision to keep my job. Now I'm just focused on executing a plan. maybe I will go full time AFTER making at least $200k
It seems that you are on the right track, congratulations!
  • #17
  • Apr 30, 2020 10:50pm Apr 30, 2020 10:50pm
Quoting hotoil
{quote} It seems that you are on the right track, congratulations!
thanks... well I'm still alive and that's the important
  • #18
  • May 5, 2020 6:24pm May 5, 2020 6:24pm
Quoting akamrp
{quote} I guess full time isn't what I really meant, I what I should of said is making trading your main source of income/ leaving your job. As I don't think anyone really needs to be on the computer all day unless they are scalpers
triphop is Right. When do you read? You can't be trading "fulltime", unless you are a computer. But who programmed that then? It has got to be YOU. Based on what knowledge, though? Well, there you are: READ! And read a lot.

In trading, if you get it well, you will never arrive at a situation where you rightly think that "Now I know how the markets work for good and any situation". Therefore: Expect trading to be based on an ever-expanding knowledge base that relies on market history, politics, mass psychology, Technical Analysis and last but not least knowledge on the ongoing technical progress and how it will solve problems mankind has to deal at future times. And that is just the minimum. I kid you not. Open your mind - man!
In case you are asking yourself: I have been comfortable trading for 25 years. I know how it is when the market "sucks you in". Be careful. Has trading been my only goal in life? I'm glad it never was, but I am well aware that any next day it will try to be. What a beautiful monster the market is! thank god :-)
  • #19
  • May 5, 2020 6:42pm May 5, 2020 6:42pm
Quoting triphop
{quote} Since 2012. Trading is a full time knowledge career. Full time because when I'm not in a trade, I'm researching how to improve. This is a brutal business, I've never ever seen anyone less than 100% committed succeed. And knowledge career, because it's a game of those who know rinsing those who don't. You can't google or even pay for what you need to know. As far as I know of course
Yah. First read for anyone who thinks to be able to escape bullshit of their elder contemporaries in the market: "Reminiscenes of a stock Operator". If that doesn't cure you, it will be your own fault. No need for thank you there :-)
  • #20
  • May 8, 2020 11:04am May 8, 2020 11:04am
Damm that's crazy shit. The sun happens to be our biggest and closest star responsible for virtually all life on earth. Changes in its output are key in human activity. The Mayans knew it too.
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