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Anyone Trading For A Living?

GM Capital (LGMCAPITAL)
Apr 05 at 20:50
11 posts
I'm trading for a living full-time, its not easy but I'm consistent in what I do, most of my focus has been trading for Prop-Firms where I'm raising capital.
BE TWICE AS GOOD AS THEM TO GET HALF WHAT THEY HAVE
Actinism
May 09 at 04:45
32 posts
I prefer trading part-time because of the risks involved. You might be doing good enough for a year or so and then start making losses consistently just because the market can never be predicted accurately.
Hallimax
May 09 at 09:53
2 posts
- How did you make the move from part time trading to fulltime?

As soon as I was consistently making more money than my job, then I took the leap.

- What starting capital did you require to trade full time?

By the time I decided to go full time my capital had reached a little over $100,000

- Has your performance changed once you did the transition from part to full time?

My performance is constantly changing for the better, although not always as straightforward as you may think. Sometimes 1 step forward then 2 steps back. It helps to be aware of the impact of your decisions, how you arrived there and if anything can be improved. The markets are constantly changing so learn to move with them and understand why they are changing. There are numerous markets and ways to trade, learning what best suits your trading personality will help you for the future. I don't believe that there is one solution that fits all. You need to learn how you react in different situations and if you have done enough preparation to minimise risk.

- Are you happy with your decision?

Absolutely, my life is so different now. I have complete control over my financial future, it is only down to me if I fail or succeed and not dictated to by someone else that is motivated by reaching their own goals. A certain level of success starts to transcend all areas of your life, even positively affecting those around you. Life becomes rewarding in ways you may never have thought of.

- Do you trade only your own money? Either yes or no, why?

I have traded others money, it changed me negatively. Fear of failing became even greater. knowing my actions were depended upon gave me a new pressure that I had never experienced. I didn't react well to it. I stopped trading other peoples money and immediately knew it was the right decision. Others can do it successfully but I found it too difficult. It is not something I plan to consider for the future.

- Do you see yourself still trading fulltime in the long term?

I will be trading for the rest of my life. I have always had a desire to trade ever since I started investing in shares over 20 years ago. I found forex and commodities and was sucked in immediately.
Once you have your capital, guard it with your life!!! Master the risks, never gamble. Build a strategy that fits your trading personality, what works for one doesn't necessarily mean it will work for you, unless you are copying some automated trading system. Never give up, know that success comes from the sustained pursuit.
Mario (SwingFish)
May 15 at 18:59
32 posts
Hallimax posted:
I will be trading for the rest of my life. I have always had a desire to trade ever since I started investing in shares over 20 years ago. I found forex and commodities and was sucked in immediately.
Once you have your capital, guard it with your life!!! Master the risks, never gamble. Build a strategy that fits your trading personality, what works for one doesn't necessarily mean it will work for you, unless you are copying some automated trading system. Never give up, know that success comes from the sustained pursuit.

Could not agree more (with your whole post that is)...
most people claim the risk .. while they do have a job, betting everything on a single paycheck that may (or may not) come next month.

losing a single trade is part of the business and nothing really serious, losing the paycheck can be life-ending in today's society, so Yes, trading is definitely the better choice.

there are some aspects in terms of morality, but hey we are just VERY small fish in a very very big pond ;)
Professional Canned-Tuna Eater
Zootaxy
May 19 at 06:12
20 posts
SwingFish posted:
Hallimax posted:
I will be trading for the rest of my life. I have always had a desire to trade ever since I started investing in shares over 20 years ago. I found forex and commodities and was sucked in immediately.
Once you have your capital, guard it with your life!!! Master the risks, never gamble. Build a strategy that fits your trading personality, what works for one doesn't necessarily mean it will work for you, unless you are copying some automated trading system. Never give up, know that success comes from the sustained pursuit.

Could not agree more (with your whole post that is)...
most people claim the risk .. while they do have a job, betting everything on a single paycheck that may (or may not) come next month.

losing a single trade is part of the business and nothing really serious, losing the paycheck can be life-ending in today's society, so Yes, trading is definitely the better choice.

there are some aspects in terms of morality, but hey we are just VERY small fish in a very very big pond ;)
You have a relevant point. I never thought this way.
I have been trading in forex for more than 2 years and have recently switched to trading full-time. Even though there are some losses, the profits I gain are good enough to cover my expenses.
Moreover, I feel content which is very important for me.
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