Are you still working?

Ive been trading for about the three months now and I have been successful, but i’m still working well I show up and do the bare minimum to collect a check. I used to be a real company man I would stay late, pull all the extra shifts and what not. But sense I have discovered forex my favorite past time at the office is going into the restroom, and trading. I am not nearly good enough to go pro yet, but this whole working thing is really cutting into my trading.

What does this thread propose ?

Yep I still work. Its hard to find a balance between wrok trading and family life. But just hang in there and keep pressing forward and keep growing that account and you will get there.

Hi Shaokhano,

Interesting post. I am also quite new to trading, well very new. I have a full time job and I fit my trading study in around it. It is not perfect and it is slowing my progress but it is the reality at the moment so I work within that reality. I am not ready to trade yet. So I am not going to give up my job or risk it by letting trading take my focus away from my job.

I would just say be careful because the last thing you want to do is get caught trading at work and losing your job (primary source of guaranteed income…for now at least). I am not trying to dampen your spirits. I also have the same ultimate goal as you and I wish you the best of luck.

Padraic

No real point per say just kinda shooting the poopey. No one else really to talk to about trading with. I got a buddy that wants to learn it but he doesnt really have the capital to do it. I guess really just to get an idea of what goes through all of your minds when you walk in the office in the morning after making your weekly wage in one night.

… Or lose your monthly wage in one night! Trading is not a quick way to make millions.

Hi Shaokhano,
That’s great you’ve been profitable for about 3 months now…and that’s trading with real money?

I’d say just keep your job until you are at a point where your balance is sufficient to withdraw a “salary” from while trading to maintain and grow it. Then while you’re working on that, you can make sure your trading method can withstand market conditions that you havent experienced yet in the coming year, and as well your psychology . I hope you’re using a stop loss.

I too have a full time job and it’s taken me a lot longer because I can’t trade from work. However, I still have the above as my longer term goal so I can retire while I’m still youngish…wished I’d started a long time ago tho…lol.

I’d be concerned if your company found out that they’d want a portion of your profits since you earned them on their dime, so to speak. I feel guilty even for googling and printing all the research material that I have!

Hope it works out for you :slight_smile:

I keep my job because my account isn’t sizable.

However with that said I also keep it so it enables me to keep my hands off some of my trades from cashing out too early or moving my orders just to get into a position.

As well my job comes with VIP perks and special access for events and I like not having to pay extra or anything at all.

You should check out ICT’s analogy of Braggety Brad.

He was an office worker who made big profit on a demo, then decided it was what he was going to do after he kept bragging to everyone at work then quit his job his acct died after 3-4 months and he’s jobless and broke.

Sounds good to me. I assume you don’t want to be in that place the rest of your life. Do what you have to do to get that pay check and go for it. If you fail try again, or try something else. F the man, live free or die trying. There is nothing more depressing than just settling in life.

Yeap its really real money. So far a 100 pips a week well except a couple of weeks ago i took a dive. It hurt but i got back in the horse and so far im on track. As far as getting caught they wouldnt know what the hell i was doing if they did catch me. I agree completely about growing the account to a sizable margin before trying to go pro, but in the mean time i’m sitting at the office and thinking why am i doing this. But i realize i need to keep a level head on my shoulders.

I like how you do things Shaokhano, I still keep my job since its easy and you could say that its my social life, a way to mingle with the rest of the world :slight_smile: trading is my escape from the daily stressful routine. balancing can be hard. but it works. not to mention we do earn from trading :slight_smile:

i’m still working because i lost my account :frowning:

You should consider the “macro pip” strategy.

A macro pip is 10 pips considered to be a single pip.

You would trade the 4 hour chart as if it were a 15 minute chart.

100 pips is the same as a 10 pip SL and a 180 pip gain is 18 pips (you are not concerned about the pipettes which other traders call pips)

Some of the advantages include the possibility of 3-5 macro pip stop loss orders, the ability to micromanage your position,
not getting tagged by a random price spike, & more free time away from the computer.

Look at it like a short term trade where time has slowed instead of as a long term trade.

You can increase your risk by a percent or two, esp if you micro manage, if you have a problem with the speed of returns.