What did you give up to be a trader?

Hi there

What did I give up to be a trader?

Well, long story short. I was retrenched from my job in October 2011. By then I was trading on the side, and making money consistently. So when I was retrenched I decided to take my retrenchment package, put some of it into an account and be a "full time" trader.
I was breaking even or just making money on a monthly basis. After a rough 2012 I decided to sell my car and downgrade to a smaller car so that I could put more funds into my trading account. Well, was that a bad idea! Needless to say I blew my account in 2 months on some risky high leveraged trades.
I then had to move out of my apartment in a great neighbourhood and move back in with my mom (in all fairness she has a big house and was struggling a bit financially. Well that's what I tell myself.) I was almost at the point of bankruptcy, so it had to be done.

So with my tail between my legs I decided to start from scratch. I spent countless hours on FF, read a ton of books and studied my charts like crazy. After following the EURUSD thread, I decided PA was king. So I scrapped all my beloved indicators and just watched the charts. Credit goes to some of the guys on the EURUSD thread, namely kbmoonshinex, MaxDoom and Math_GB. These guys IMO are the epitome of top PA traders. They call it as they see it, and generally are right.

So, where do I stand now? I'm moving back into my own place next month, albeit a bit small, but at least I have my own privacy again. My trading is at it's best and I can finally see the light at the end of the tunnel. I'm happy in my trading and happy in my personal life.

So what did you give up to be a trader and would you do it again? I for one, would do it all again. So I'm interested to hear what others have given up, I'm sure there are guys out there who have given up way more than I have.

Keep well, and all the best

Terra

well , i do not see the need to invest a lot of money in forex...

with a 1k account and a growth of about 3 percent a week you can have 500k in three year , the point is not the money you start with, but the method you have , there is plenty of money in the market , just catch them ...

Thousands

lost/gave up some hair )

A little bit of hair I think, and possibly a lung or two

A good job, a family, friends and all the great things about life that normal people have.
Have not given up on alcool or drugs, so at least there is that.

To be a trader, I have to give up not much. In fact, I have gained much since I started forex trading. I have figured it out that I am limiting my social circle but that is alright as I have earned good money and have made my circle in forex world. Now I am part of forexfactory family and also my Broker.

I find the people funny who say: I have given up my family, friends, and a lot of time to become a trader.

Not let me ask you this: what would be the alternative? A 9 to 5 job on an assembly line? Or for the ones who wanna achieve more in their professional lives, a job that requires you to stay in the firm 10 to 16 hours a day?

Now if you are satisfied with a 9 to 5 job where you can talk with your co-workers in a friendly athmosphere, then maybe exactly that would be the sacrifice.

But any other job, that is high paid requires you to stay in the company all day, work work work, and give up on all your spare-time and friends.

So do you have to give up anything to become a trader (equivalent to a high paid job)? Yes, you have to give up a potential heart-attack and shitty bosses and sneaky co-workers.

cheers.

smoking, poor diet, dead end jobs, limiting beliefs.

I have to give up my laziness to become a good trader . Ineed active mind decisions I have to control my emotions during trading. I give up my hurriness I now remain patience to analyze market . Patience is key quality whivh pays in the long run.

I did not give up anything. but forex gives me hope....that one day I'll be able to save myself from this financial desperation.

I give up my laziness and impatience for forex trading . Having this business I gain mucha leave a little as I had now less time to spend with my friends. I had to be active and having less rest than before join this forex business.

amen. i add laziness and complacency to that.

The thought that I am somehow limited by circumstances or society that surround me.

I gain a lot from forex trading . I do not care what I have to give up. In any business you have to work hard and pay some time to it . I have to manage my time and give up some my rest for forex. it proved a good business for me so I am happy with it What ever I pay for it.