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I finally quit my day job!

  • #141
  • Oct 30, 2012 7:15am Oct 30, 2012 7:15am
In two weeks, no more paychecks coming in. lol
Fuck Forex Factory.Wake up people.
  • #142
  • Oct 30, 2012 7:18am Oct 30, 2012 7:18am
Quoting ramy3
In two weeks, no more paychecks coming in. lol
Don't stress about it, just focus on good trades and the rest will come.

Wish you all the best on this!
FXGears.com
  • #143
  • Oct 30, 2012 7:18am Oct 30, 2012 7:18am
Quoting ramy3
In two weeks, no more paychecks coming in. lol
do you have at least a lot of savings ?
  • #144
  • Oct 30, 2012 7:34am Oct 30, 2012 7:34am
this idea that you have to sit in front of the screen for endless hours a day to day trade is just silly, I trade for 3 hours a day from 9am to noon est and do just fine. Yes trading is boring and yes you have ups and downs with trading, but guess what most jobs are boring, have ups and downs too and they require far more effort that sitting in front of your computer for a few hours a day and most, at least for workers in the US, require far more than 40 hours of work per week.
  • #145
  • Oct 30, 2012 7:52am Oct 30, 2012 7:52am
Quoting Jack_Larkin
Don't stress about it, just focus on good trades and the rest will come.

Wish you all the best on this!
This is some of the most sage advice given on this board, focus on good trades follow your rules to the letter and use some sort reasonably sound money management strategy and as long you have a system that gives you a decent win rate and your winners are bigger than your losers you should be in decent shape.
  • #146
  • Oct 30, 2012 8:03am Oct 30, 2012 8:03am
Hello everyone, this is definitely an inspiring thread

In fact I have been trading on demo account on and off for 1 year and I must admit the interest level is similar to the market swings.

The longer I stay employed makes me desire a better life.

Perhaps discipline is the simple and hard rule to follow, is anyone kind enough to give some coaching or guidance , I am not very sure if my trading is appropriate
  • #147
  • Oct 30, 2012 9:01am Oct 30, 2012 9:01am
Quoting ramy3
In two weeks, no more paychecks coming in. lol
I am just newbie to this world. Just wish one day I can do as you do now
  • #148
  • Edited 2:57pm Oct 30, 2012 10:20am | Edited 2:57pm
Thks Jack, thks guys,

It’s only a sabbatical, so i am not really feeling the real physcological side of having burned my bridges from my job. (Actually, they just called me to wish me happy birthday. lol) Will see if i can stay disciplined now that I have all this free time to make mistakes. :/

Well trading day 2 a bit better, and over. Hmm, now where is my knitting kit. lol.
Fuck Forex Factory.Wake up people.
  • #149
  • Oct 31, 2012 12:27am Oct 31, 2012 12:27am
Hey,
Thanks for the detailed explanation. I was trading stocks and looking to start trading with forex market and make trading FT. I did enter the cross roads to quit my job and your post is very helpful! Thanks!

Quoting 5percent
It's very dependable on what you are searching for. It's a very tough choice as well. You don't get to see a pay cheque or credit balance into your bank account every month, no bonus etc etc.

I was holding a full time job just few months back, there are plenty of room for career progression, promotion, increase pay, and best is that i have up to 32 vacation leave per year. My bosses like me, and wants to move me around different department and promise me the future that's upon me.

However, weighing on EBSI.

Employee
Business owner
Self-employed
Investor

The...
  • #150
  • Edited 5:15pm Oct 31, 2012 1:20am | Edited 5:15pm
Quoting ramy3
Thks Cindy. Will do my best. All thought not much to say... yet. A bit bored, will have to take up knitting or something, lol. I’m sure I will figure something out.

Others have posted some great comments/experiences.
Well from my own experience, I have no problems with anyone wanting to trade full time. But I think an important thing is to make sure you have other outlets to keep your mind and soul satisfied becasue trading alone will turn you into a robot if these needs are not met.

Personally I started trading full time a few years ago and although it went OK (money wise), I soon got very bored with it all and my friends and family just thought I was nuts (didn't take it seriously anyway).

What you need if you don't have the evidence of historical returns is a support group which you can fall back on in troubled times, because f you don't have this all you will be left with is doubting Thomas's (95% of the population mind you) filling your head with negativity.

I personally after a little while took up a degree in Financial planning as something to fall back on in case the doubting tomatoes proved correct and after 2 - 3 years of the degree AND trading, all I longed for was to get away from the freaking computer so I took any old part time job I could get just to diversify my working hours. Seriously drove me crazy.

Anyway, look after the important things and don't make trading your WHOLE life and you should be OK provided you have the skills to pay the billz.

Regards
Sim
Time hides Nothing
  • #151
  • Oct 31, 2012 3:27am Oct 31, 2012 3:27am
Quoting Euroscum
Looking at a trading screen all day is not my idea of a life. Trade larger time frames and do something else.
I agree with that. I actually have some savings and can afford start trading full-time, but I don't want to. I also love my job and all the people. It just would be very hard to quit all these things and just staring at the MT for the whole day...
  • #152
  • Edited 3:04pm Oct 31, 2012 4:14am | Edited 3:04pm
Quoting meng88
I agree with that. I actually have some savings and can afford start trading full-time, but I don't want to. I also love my job and all the people. It just would be very hard to quit all these things and just staring at the MT for the whole day...
It’s not really about staring at the screen all day. It’s about having the freedom to live your life as you please… Woke up at 4 am, now it’s 7 am, made a few hundred bucks. I could call it quits for the day. But I like trading so i will keep on for the day. Plus, I never found my knitting kit. Lol

I usually work out,watch movies, post on forums, make phone calls, read up on stuff, etc… in between trades. So, I don’t just stare at the screen all day.

I have alarms, emails and sms to warn me when a setup is comming up.

Sad to say, but I don’t like my job, so I won’t be missing it…

Who knows, i may think differently at the end of this…

Happy trading!
Fuck Forex Factory.Wake up people.
  • #153
  • Oct 31, 2012 3:47pm Oct 31, 2012 3:47pm
@ramy3:
May I ask what is your preferred Timeframe?
What development have you made with your Timeframes?
From High to Low or vice versa or do you look at all Timeframes?


Note:I am just interested very much in this Timeframe-Thing because Trading in my preferred Timeframe has been made ahuge Turnaround in my Trading.

Thanks for an info.
Greeds Zack
  • #154
  • Nov 1, 2012 3:15am Nov 1, 2012 3:15am
Quoting zackery
@ramy3:
May I ask what is your preferred Timeframe?
What development have you made with your Timeframes?
From High to Low or vice versa or do you look at all Timeframes?


Note:I am just interested very much in this Timeframe-Thing because Trading in my preferred Timeframe has been made ahuge Turnaround in my Trading.

Thanks for an info.
Greeds Zack
1 min for entries ,5 and 15 min for direction and targets. hope this helps.
Fuck Forex Factory.Wake up people.
  • #155
  • Nov 2, 2012 1:02am Nov 2, 2012 1:02am
Quoting ramy3
It’s not really about staring at the screen all day. It’s about having the freedom to live your life as you please… Woke up at 4 am, now it’s 7 am, made a few hundred bucks. I could call it quits for the day.
Have you ever worked as freelancer before? It's actually not about the subject of the work, it's about your planning of the day. You think you will have your day as you want it: a lot of free-time, well organized and no overworking. Self employed don't have the schedule just because they work the whole day, 247. I'll just hope that your experience will be more lucky.
  • #156
  • Edited 2:24am Nov 2, 2012 1:17am | Edited 2:24am
Quoting meng88
Have you ever worked as freelancer before? It's actually not about the subject of the work, it's about your planning of the day. You think you will have your day as you want it: a lot of free-time, well organized and no overworking. Self employed don't have the schedule just because they work the whole day, 247. I'll just hope that your experience will be more lucky.
What does your freelancing example have to do with what i said or trading. I traded 3 hours, pretty much had the whole day to myself. Could have done anything else i wanted... But "i preferred" to keep on trading a bit.

Yesterday, traded for 5 hours, While attending to other stuff that needed to be done. Went out for lunch with friends and came back to do whatever I wanted to do…

Pretty much thinking of heading down to Florida for the winter too. Still have not made up my mind about it.

So, yeah...?

But thank you for the good wishes.
Fuck Forex Factory.Wake up people.
  • #157
  • Nov 2, 2012 1:38am Nov 2, 2012 1:38am
Quoting ramy3

Yesterday, traded for 5 hours. Went out for lunch with friends and came back to do whatever I wanted to do…
Hey Ramy What do your buds think about your trading?
Time hides Nothing
  • #158
  • Edited 2:03am Nov 2, 2012 1:48am | Edited 2:03am
Quoting CindyXXXX
Hey Ramy What do your buds think about your trading?
Well, they don’t really understand it. It’s gambling to most of them... Some would like to do it, but they are geared differently. They are more security oriented. And to be honest, would not really be inclined to sharing my system/technique. So, they would have to invest a lot of time that they don’t really have to learn on their own. Some would like me to take some of their funds. But for me that is a whole different story. It’s one thing to fool around with my money. But when it comes to someone else’s, well that to me is a different game. Not ready for that yet... If ever...
Fuck Forex Factory.Wake up people.
  • #159
  • Nov 2, 2012 2:09am Nov 2, 2012 2:09am
Quoting ramy3
Well, they don’t really understand it. It’s gambling to most of them... Some would like to do it, but they are geared differently. They are more security oriented. And to be honest, would not really be inclined to sharing my system/technique. So, they would have to invest a lot of time that they don’t really have to learn on their own. Some would like me to take some of their funds. But for me that is a whole different story. It’s one thing to fool around with my money. But when it comes to someone else’s, well that to me is a different game. Not...
A pretty common story I would imagine, one I can definitely relate to. Funniest part is trying to explain short selling

Alotta this >> A bitta that >>> But usually ends in this >>>
Time hides Nothing
  • #160
  • Nov 2, 2012 2:14am Nov 2, 2012 2:14am
Quoting CindyXXXX
A pretty common story I would imagine, one I can definitely relate to. Funniest part is trying to explain short selling

Alotta this >> A bitta that >>> But usually ends in this >>>
Lol, yeah, the short selling. That gets them every time I first mention it and ends as you said. Good one.
Fuck Forex Factory.Wake up people.
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