Do you regret quitting your job, and becoming a full-time trader?
TRADING
"Investing everything into trading, leaving your job, and having no second source of income will affect your emotions so even if you have a profitable strategy, you will make decisions based on emotions because you are going to be afraid to lose which will affect your trading plan negatively."
No, I don’t regret quitting my job to become a full-time trader.
But my case is different. When I started the market was easy, we had higher leverage and many other advantages.
These days things are different.
Don’t ever leave your job and trade without a second source of income or at least a good amount of savings.
If you invest everything you have into trading the financial market, you will lose it all and you will suffer financially, mentally and physically.
When I started, I spent two years learning and testing, having countless nights with less than 4 hours of sleep, my life was fully dedicated to learning how to trade, however when I lost some amount in the start, it affected me mentally and physically. I was fortunate that it didn’t affect me financially because that time I had a second capital to invest and had not left the job then.
But I know some people back then in 2016 who lost in trading and they were unable to find a job again.
So never invest everything into this business even if you have years of experience.
Investing everything into trading, leaving your job, and having no second source of income will affect your emotions so even if you have a profitable strategy, you will make decisions based on emotions because you are going to be afraid to lose which will affect your trading plan negatively.
Invest based on logic and not based on emotions to avoid ending your trading career on a bad note.
These days there are many algorithmic strategies that you can deploy to your account and they can trade for you. There is no need to leave the job anymore. Stay updated.
God Bless.
Credit: Quora