Full time trading at home

• 23 March 2010

• #1

E

edho11

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How many of you out there are at home full time traders?

How long has it taken you to get to the stage you are at now?

 

• 23 March 2010

• #2

tech/a

No Ordinary Duck

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Do we have to be profitable?

17 yrs and I'm pretty good at losing Money.
Far easier than making it.

I lie I'm not at home.

 

• 23 March 2010

• #3

sammy84

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Had a few months between jobs where I tried it, never again. I tend to make more money when I only have a finite time during day to think about the markets. Many stupid decisions were made and I couldn't detach from the market.

 

• 23 March 2010

• #4

The_Bman

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I've been investing for ~10 years, then trading EoD for ~3 and intra-day (may or may not place an order) now around 12 months. My average hold is 18 days.

I'm trading from home everyday but it isn't my "job".

I lighten my portfolio when travelling for work / hols - They should have called the WWW the WYGO (When You Get Online), guess the extra key stroke peeved someone.

 

• 25 March 2010

• #5

Space Invader101

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I trade full-time from home and I do profit from the ASX.

First entered the share market with the Telstra 2 float in 1999/2000. Became a full-time trader at the start of 2006. So it's over 4 years now. (Did 3 temporary jobs during 2008 financial crisis, but back to full time now.)

The problem is most employers don't want to know you unless you have at least 2 references and experience, regardless of how easy the job is and your keen attitude to work.

If you're a trend follower like me, you could consider working part-time. If you decide to trade full-time, maybe a weekend volunteering job could allow experence and references as a back up plan in case you need work.

 

• 25 March 2010

• #6

brty

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How long has it taken you to get to the stage you are at now?

Click to expand...

Nearly 30 years, but I am a slow learner. I have made nearly every mistake possible in the past, all part of the learning.

I don't trade full-time, that would be boring. However I do make a substantial percentage of my income from trading. I have no other job as such, but do have a part time business and property investments.

brty

 

• 25 March 2010

• #7

Wysiwyg

Everyone wants money

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sammy84 said:

Had a few months between jobs where I tried it, never again. I tend to make more money when I only have a finite time during day to think about the markets. Many stupid decisions were made and I couldn't detach from the market.

Click to expand...

I have a similar experience day trading stocks and found that it was a crap fight to make gains. I noticed there are lots of day traders that buy in too high with wayyy more $$$ than I so it is not uncommon to get "caught".
Now prefer the extended holding time after research at a reduced share price.
Still feel like I have only touched the surface on what is required to consistently profit. Learning from mistakes I think that is.