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  • #201
  • Edited 6:22pm Feb 20, 2013 5:59pm | Edited 6:22pm
Quoting smittens4212
This little bit from earlier in the thread piqued my interest because it came from a poster with a lot of vouches and posts. The only reason I'm quoting it is to point out that you can find similar threads back in 2005, 2006, ..., and 2012, and find posts with the exact same sentiment: "The markets have changed," "you can't earn real returns in these conditions," etc. Many of the same justifications have been given depending on the year and circumstances.

The market always changes, which is to say: the market is exactly the same today as...
Like your post. pretty good analysis.
Fuck Forex Factory.Wake up people.
  • #202
  • Edited 9:06pm Feb 20, 2013 6:23pm | Edited 9:06pm
Quoting smittens4212
This little bit from earlier in the thread piqued my interest because it came from a poster with a lot of vouches and posts. The only reason I'm quoting it is to point out that you can find similar threads back in 2005, 2006, ..., and 2012, and find posts with the exact same sentiment: "The markets have changed," "you can't earn real returns in these conditions," etc. Many of the same justifications have been given depending on the year and circumstances.

The market always changes, which is to say: the market is exactly the same today as...
I think you're taking that post by Fuds a little bit personally I don't believe he said "you cannot make money in these markets". Just that it is "the worst time to do so" (go full time), were his words. He's spot on, have you not noticed?

As for what you said about adapting, I completely agree.
Time hides Nothing
  • #203
  • Feb 21, 2013 6:37am Feb 21, 2013 6:37am
i'm so sorry if anyone was offended by my words.
even though we may profit in the trading,, we should remain have for another job..
otherwise we will experience severe stress,, but if we are trading in the company is a Another story..

(;;;Do not put your eggs in one basket ;;

salaam
  • #204
  • Feb 21, 2013 7:17am Feb 21, 2013 7:17am
I quit my day job to trade full time and it was the biggest mistake in my life, I managed it for 1.5 years and during this time lost my whole account plus lots more in debt which I am now working to pay off. As others have said, the lack of social contact ends up getting to you, and I fell into a deep depression during this time.

I haven't given up on trading, but I know what I did was so stupid and I will never quit my day job again. Fair enough if you can do it, I need the social contact.
  • #205
  • Feb 21, 2013 7:23am Feb 21, 2013 7:23am
Quoting Ultimatus
I quit my day job to trade full time and it was the biggest mistake in my life, I managed it for 1.5 years and during this time lost my whole account plus lots more in debt which I am now working to pay off. As others have said, the lack of social contact ends up getting to you, and I fell into a deep depression during this time.

I haven't given up on trading, but I know what I did was so stupid and I will never quit my day job again. Fair enough if you can do it, I need the social contact.
Thanks for sharing!
  • #206
  • Feb 21, 2013 7:40am Feb 21, 2013 7:40am
Quoting kk007
Thanks for sharing!
Yes, some people have shared pretty intense experiences here. I applaud that. Thank you for contributing. Everyone has different results. Nice to read about them.
May help others down the road get a better grasp about this.

Regards,

Ramy3
Fuck Forex Factory.Wake up people.
  • #207
  • Feb 21, 2013 11:27am Feb 21, 2013 11:27am
Quoting CindyXXXX
I think you're taking that post by Fuds a little bit personally I don't believe he said "you cannot make money in these markets". Just that it is "the worst time to do so" (go full time), were his words. He's spot on, have you not noticed?

As for what you said about adapting, I completely agree.
Nothing personal. I'm just skeptical when people make authoritative claims, especially when those claims have been (erroneously) made before.

He referenced three reasons, the first being that "the markets have become dislocated." This is an excuse as old as the markets themselves, so as far as this reason goes, I would disagree that it's "the worst time to do so." It's all relative, I wouldn't say conditions were any better in 2003 or any other random year. I can't comment on brokers or regulations, but it's certainly not the first time we've heard the sky is falling either. You can find articles on google from the early 2000s making the exact same claims, especially around periods when the markets are unstable. Reason for caution? Yes, absolutely, especially if one were to quit a job for this, but I'll believe it when I see it.

Cheers
  • #208
  • Feb 21, 2013 9:31pm Feb 21, 2013 9:31pm
Quoting ramy3
Well, back to work for me on the 24 of march. Asked to come back early and they accepted. Turned into some “sorta” couch potato during the course of my sabbatical. Bored too. Finished up most of what I wanted to do. Need human contact and daily life challenges. Forums are fine and all, but something’s missing. Will give it another whirl in two years. Can take one every two years. Time did fly by though, guess that part comes with age, the older you get the faster it passes.

Salary back to double, work load too. Thinking I won’t mind as much this...
Hey ramy. I’m glad you were able to experiment around with this, and not harm yourself or your career. I left my job in 2006, and did free lance programming for a while to pay the bills. Then I started full time forex daytrading in 2008 and 2009. I discovered some of the same things you’ve mentioned, and they weren’t all fun. It can be very isolating. It can also be difficult to stay active in your off times, because of the weird hours. I came away with a new appreciation for what I had left behind, and a clearer picture of what life as a daytrader would be like. I never did return to a job. But I’ve been working on the side to help pay the bills, and decreased the amount of time I spend trading. I’ve been toying around with longer term trades lately, and don’t feel as much pressure to keep the money rolling in. It’s a better balance for me personally, at least for now.
  • #209
  • Feb 22, 2013 3:49am Feb 22, 2013 3:49am
Quoting smittens4212
Nothing personal. I'm just skeptical when people make authoritative claims, especially when those claims have been (erroneously) made before.

He referenced three reasons, the first being that "the markets have become dislocated." This is an excuse as old as the markets themselves, so as far as this reason goes, I would disagree that it's "the worst time to do so." It's all relative, I wouldn't say conditions were any better in 2003 or any other random year. I can't comment on brokers or regulations, but it's certainly not the first time we've...
Fair enough, Fudomyo knows his sh*t. I can't comment on his comments as they were his comments and I have no evidence or opinions apart from what I said above.

Only thing I know is that compared to a couple of years ago, the markets are just crazy as we go through this seemingly endless and unique Euro crisis, which followed the GFC in 2008 which happened about 6 months after I even discovered trading. I switched off months ago and just trade technically these days. I couldn't really care less if FOREX gets axed for retailers then I'll be into other markets with the same logic and strategy.

Like you say it's just another phase which I guess we will adapt to over time, here's hoping.

I mean compare the blue square to the green square, I know which market I'd rather be trading in! I hear ya though. Fudomyo is one trader on this forum I would pay to listen to. He's maybe one of two. True story
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Time hides Nothing
  • #210
  • Feb 22, 2013 8:48am Feb 22, 2013 8:48am
I think you can work full-time and still trade full-time. timeframes of H1 or higher are not very stressful. infact I taught myself to trade fully on mobile platforms such that I can trade discreetly from my phone.

the name of the game is extreme flexibility.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #211
  • Feb 24, 2013 11:34am Feb 24, 2013 11:34am
Hi remy..how r u doing bro..i came back to FF after a long time..
  • #212
  • Feb 28, 2013 4:42pm Feb 28, 2013 4:42pm
Quoting Ammeo
Hi remy..how r u doing bro..i came back to FF after a long time..
It's Ramy bro... Welcome back. We all need a break here and there.
Fuck Forex Factory.Wake up people.
  • #213
  • Mar 1, 2013 10:35am Mar 1, 2013 10:35am
Fridays Scalps - Another step closer to telling my boss - C' YA!
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  • #214
  • Mar 4, 2013 4:02pm Mar 4, 2013 4:02pm
Well done FourExtrader, Your right about where I am $$ wise, dont have tons to throw at it, but still building and of course learning.

Pips to you all,
  • #215
  • Mar 4, 2013 5:06pm Mar 4, 2013 5:06pm
Good shit FourExTrader...I too am looking forward too leaving the office and trading full time. I have enough of a social life and rather not be around the corporate soap operas. I wish everyone well within the universe.
  • #216
  • Mar 4, 2013 6:25pm Mar 4, 2013 6:25pm
Very inspiring posts guys/gals...keep me updated, I see you all are having the courage to leave corporate, I wish I did!!!
  • #217
  • Mar 4, 2013 6:27pm Mar 4, 2013 6:27pm
Quoting ZacharyRC
Very inspiring posts guys/gals...keep me updated, I see you all are having the courage to leave corporate, I wish I did!!!
OP took a sabbatical
  • #218
  • Mar 4, 2013 6:32pm Mar 4, 2013 6:32pm
Oh, thats cool.

I am sure Ramy is very talented trader, I mean you have to to ever even THINK about quitting your day job.
Im still working on the courage, but this thread is still very inspiring!!!!!
  • #219
  • Mar 4, 2013 6:32pm Mar 4, 2013 6:32pm
Quoting FourExTrader
I'm currently into the first 18 months of a 3 year sabbatical from my employer. Much needed for my health and sanity. I've traded alot during this time and realized the trading IS a full-time job. Much easier to hold a career and trade, vs the other way around..

Just my 2 cents worth.. but I'll always trade and now look forward to retirement.



https://www.youtube.com/watch?v=Dr-HCE9AQAc (http://youtu.be/0uBgkL4W9Yg)
  • #220
  • Mar 4, 2013 6:35pm Mar 4, 2013 6:35pm
Quoting ZacharyRC
Oh, thats cool.

I am sure Ramy is very talented trader, I mean you have to to ever even THINK about quitting your day job.
Im still working on the courage, but this thread is still very inspiring!!!!!
What do you reckon it would take for you to make such a grand experiment?
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