I suggest to continue your part time trading for at least 1 more year and if you can duplicate the same performance then you can consider to go full time
Should I quit trading forex? 211 replies
Profitable traders: Would you quit trading for your career? 25 replies
Do you continue your search after you have found a profitable strategy? 11 replies
Quit Job , go Back to School, Trade Forex? 33 replies
DislikedI think if you are not sure to quit or not, just stay where you are for a while. You won't be definitely more sure after this quit and this will only produce stress for you.This is not useful for trading, believe me.Ignored
DislikedThank you! dudes. I decide to wait until july next year. I will be able to refinance my house loan and get enough cash to trade. If I quit my day job, it will be hard for me to apply new loan.Ignored
DislikedSound like a kinda risky trick... Of course if you are sure... I just think that you should trade only with money, that you can afford to lost..
However your results are quite well, so I hope that all will be ok $)Ignored
DislikedYes. usually one should trade only with money that one can afford to lost. However, if you go professional, fund size is must to cope with the hardest time. I think I would use less leverage. Say maximum 10-15 times. Design maximum draw down to 10%. each trade with stop loss.Ignored
DislikedHi, I am a senior engineer in an IT company with salary about USD$60,000. I have been trading Forex/gold/oil at part time after work time for two years. I developed a good strategy and applied it (it is countertrend). For the last 15 months, it works perfectly and makes consistent profit. The system includes when to enter the market, how to set stop loss, how to set stop profit. The temporary loss can be set to 15% with margin.
The past profit is listed monthly as follows. part time trading only (manual trading after working hour).
Forex.com...Ignored
DislikedHi Yunben, my heartiest congratulations to you for developing your sound trading strategy. Very few achieve this milestone in their trading careers.... Coming to the question of quitting your job and becoming a full time trader , my view is WHY NOT?......... By all means if one is super confident of his trading.....one should go for becoming one...... When I reach your stage.....(I am almost there).....I gonna do this.... 1. Keep trading part time and earn substantially till... 2. I invest in real estate and start earning the rental income that...Ignored