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What would you need to quit your job and become a professional investor?

Discussion in 'Stock Market Nuts and Bolts' started by VSntchr, Mar 28, 2011.

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  1. OmegaTrader

    OmegaTrader

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    Really interesting thread.


    Sorry I have only come in towards the end.

    What was the path that you took to transition into trading?

    Working a job as well as trading or trading external capital how did work out exactly?

    thanks
     
  2. skc

    skc Goldmember

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    Thanks for the reply mate. Great to see your success and more importantly, finding and enjoying what you do after much personal and professional growth. No doubt there were lots of hard work and commitment involved.

    It's a good thread to direct other newcomers if they are going through similar phases.

    Naivety in good dosage might not be a bad thing. I often read about how successful businesses owners reflect on how difficult it was at the beginning... that they were naive thinking it'd be easy and probably wouldn't have started the business if they knew what they know now.

    Dreams are made up of vision and ignorance of other inconvenient truths!
     
    fiftyeight likes this.
  3. Huskar

    Huskar

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    Great to read VS and inspiring! Always interesting to read someone's self-reflection and development, because it makes you think more about how you can improve yourself :)
     
  4. VSntchr

    VSntchr

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    I started out with an interest in investing back in early high-school. But it wasn't until I was in the workforce and realized my personality didn't suit the standard workplace environment that I started pursuing the trading aspect.
    In order to get started on the right foot, I did hours and hours of reading on trading strategies and styles. I spent time playing with excel and building trade calculators/trigger sheets. I developed ways to keep track of trades and measure performance. I spent time investigating brokerage firms and deciding on suitable products to trade. In short - I found what suited me/what worked for me, and I figured out how to make it work better.. and that's really what I'm still doing now.

    I didn't leave the workforce until I was convinced I had an edge and could at least have 'a chance' at making a full-time living out of trading. At the time I was not convinced making it was a certainty. But at a young age with no commitments and relatively low expenses, it wasn't the end of the world if it failed.

    I knew deep down I was never going back to the job I left, but at the time of quitting I hadn't ruled out the possibility of a different job if the trading gig didn't work out.
    With that aside, once I had left the job and begun trading full-time there really was no looking back. With all the extra time on my hands to refine my craft, I soon became more in touch with a vision of how exactly I could use trading as my primary source of income.

    :laugh::xyxthumbs

    I'm glad you've found some value in here Huskar. I know I've had plenty of value from others stories on ASF over the years.
     
  5. OmegaTrader

    OmegaTrader

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    Its threads and posts like this that drew me to ASF.

    I am not really into self development help, inspiration etc.
    But sometimes you can't help but feel something.
    I don't know what else to say.

    :xyxthumbs
    Thanks
     
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  6. rb250660

    rb250660

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    I would need a bigger bank roll.
     
  7. Wysiwyg

    Wysiwyg Everyone wants money

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    Some of is quite true. Most are hustlers and sharks pumping stocks and telling everyone how good they are (f.i.g.j.a.m) yet contribute no actual trading activity, evidence or proven strategies to back up their online persona.
    Regarding the thread title, a million dollars to buy/hold (invest) income stocks and a million dollars for security and stock purchases when market crashes to insane value levels.
     
  8. tech/a

    tech/a No Ordinary Duck

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    Nothing
    I couldn't think of anything worse.
     
  9. skyQuake

    skyQuake

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    Interesting. Why do you say that?
     
  10. tech/a

    tech/a No Ordinary Duck

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    Personally I enjoy having a value to society through what I do for a living

    Trading is as boring as duck down
    Finding an edge and learning the art of trading is a great challenge.

    Lack of human contact while trading full time doesn't appeal either.
     
  11. willy1111

    willy1111

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    There are introverts and extroverts.

    Trading from home much more suited to introverts.
     
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  12. captain black

    captain black

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    +1

    Best job in the world :xyxthumbs:xyxthumbs
     
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  13. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Unless your home is full of wife n kids!
     
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  14. tech/a

    tech/a No Ordinary Duck

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    From a business point of view it's pretty hard to beat.

    Unlimited Demand
    Unlimited Supply
    No limit on capitalisation to the plus side
    Is transferable
    Very low overheads
    Can profit in good bad and ho hum times
    Flexible hours
    Always learning
     
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  15. blue0810

    blue0810

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    The markets are closed on Friday late night and weekends.
     
  16. captain black

    captain black

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    I live in a small country town and it still amazes me being able to sit in front of a PC and trade just about any market in any country in the world. The opportunities are endless.
     
  17. Wysiwyg

    Wysiwyg Everyone wants money

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    And so are the costs. I would like to do that but monthly Level 2 Exchange streaming real time data fees and news feeds for all markets is substantial. Also costs more to raise the streaming cap. My ultimate plan was to run scans on multiple open cash markets and future markets looking for set ups. That would provide plenty of opportunuities.
     
  18. captain black

    captain black

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    ...or a wife and 2 spoilt labradors who think they're kids :D

    P1000509.JPG
     
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  19. Triple B

    Triple B

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    That's why you use your skillz as a plasterer to build a SOUNDPROOF garage and office!!!!;):xyxthumbs
     
    CanOz likes this.
  20. >Apocalypto<

    >Apocalypto< 20.03.2012

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    1st division win in set for life
     
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