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Old 07-18-2010, 01:20 PM   #17

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Re: Full Time Traders: Are You Happy with Your Profession?

MadMarketScientist,

Thank you! I agree

1pipatatime,

Those questions seems very useful.

Thank you for your insights!

Regards,

HighStakes
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Old 07-18-2010, 07:29 PM   #18

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Re: Full Time Traders: Are You Happy with Your Profession?

What a great question. I echo many of the comments here. I'm happy with what I do. It has allowed me to stay home and raise my daughter. It has allowed me to pursue other interests as well. The most difficult thing is...the bucks stops with you. Working for someone else, there are filters. Other people. Trading for your bread and butter brings on a whole new bundle of responsibility. One huge one is immense focus. One mistake can have you in a trade that you should not be in or out of one you should be riding. What other business can the psychological factor drain your account in a matter of moments? None that I am aware of.

The social isolation aspect is a tough one. I limit my trading to the first 3 hours of the session (overlap in spot forex). It can be tough as you can constantly be looking around the corner at what could be the explosive setup. That discipline is tough. I've started to schedule events for the time after my session so the temptation to trade may be there...but the ability is not.

Overall? I would never look back
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Old 07-19-2010, 12:55 PM   #19



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Re: Full Time Traders: Are You Happy with Your Profession?

Justaguy and 1pipatatime that is great stuff and should be truly inspirational to others realizing there's light at the end of the tunnel. It just takes hard work and patience not to mention a fairly ruthless determination. But you can make it and live the dream.
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Old 07-20-2010, 01:43 PM   #20

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Re: Full Time Traders: Are You Happy with Your Profession?

Quote:
Originally Posted by MadMarketScientist »
Justaguy and 1pipatatime that is great stuff and should be truly inspirational to others realizing there's light at the end of the tunnel. It just takes hard work and patience not to mention a fairly ruthless determination. But you can make it and live the dream.
Thanks and your welcome MadMarketScientist, the only other thing that I would add here at the moment (being the early hours of the morning from where I'm from) is when I first started in this profession I didn't focus on the dream, I focused on perfecting a system that worked for me and then worked on executing the system according to my rules and only ever focused on the dream after I had finished my trading for the day/session, which included analysing every trade I did for the day to see where I could improve my skills. I learnt that from Micheal Jordan.

cheers

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