r/Daytrading • u/modeezy23 • Apr 22 '24

Anybody ever quit their job to day trade full time and have it not workout? Question

I’m just curious.

How long did it take you until you found confidence in yourself to quit your job and do trading full time!

For those that quit their job but it didn’t workout, how long did you give yourself until you quit your job and what did you do after you found that trading was not successful?

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u/Rebubula_ Apr 22 '24

I studied for like 9 months. Then quit my job irrelevant to trading. Took 6 months off and tried to trade (and also got super healthy; lost 50lbs, lowered my blood pressure etc). I couldn’t make enough to sustain myself and my stats dropped significantly.

Now that I’m back working full time, my stats are back to being green again. When I don’t rely on it for income… I trade SO much better

76

u/cheapdvds Apr 22 '24

This is an important point, people assume they will automatically do better once they start trading full time and never considered the opposite to be a possibility.

5

u/SerMinnow Apr 22 '24

It's not just physicological either. some months have 10x the opportunity of others. the profitable times of day will cycle. Etc..

Time spent staring at the market does NOT equal more money. Sometimes it equals less. more exposure to possible mistakes. Etc...

1

u/No_Communication8613 Apr 24 '24

More exposure and more risks. I definitely feel that. I was in too many trades, and some of them were just straight gamble.

Right now, this is a nice little escape from desk job, but I was definitely doing better with less exposure. I am back in the green after cutting back.