Full time trading versus part time...

Chartsy · Dec 29, 2010, 6:20am

people are saying that those who can't go full time in the first place don't have the right risk appetite. well that's what i mean, if you can't hack the sick-to-the-stomach feeling of having a drawdown , why bother. if you are swingin' and you work around markets (as i want to , maybe as a broker/dealer) then it's not going to be hard to check your trades. it would then be a serious edge to for those with less risk appetite to get a job- they are less emotionally involved, now come on, isn't that an advantage somewhat, you can still trade unaggressively into fortunes..

new_trader · Dec 29, 2010, 6:22am

Quote:

Originally Posted by barjon

I think that's rather an unnecessary slap, nt, but it does raise the question about part-time, full-time.

Does full-time mean "only source of income" or "every waking hour"? There are plenty of traders who claim to only trade for a few hours each day, then go off to do other things. Isn't that part-time? So, if you're UK based with a day job after which you trade the US market 'til it closes how is that different from a "full time trader" whose preferred time slot is the afternoon US market?

Much more crucial than the time people spend on it or when is whether the result of their trading gives a regular and sustainable income sufficient to meet their needs. Only then can they think about full-time in the "only source of income" sense.

jon

jon, I wrote that with toungue-in-cheek

I agree with everything you have written here.

Chartsy · Dec 29, 2010, 6:23am

barjon, i'm talking part time trading as in, alongside a job with a wage.

Chartsy · Dec 29, 2010, 6:26am

Quote:

Originally Posted by scose-no-doubt

Yes if you want to succeed at trading you must quit work/school immediately - they are irrelevant anyway - and sit in front of a screen all day everyday until charts scream KISS at you. This is the only way anyone can ever become a profitable trader. Anyone who disagrees with this fact is just a sore loser and should give up anyway.

tell us then, you're an accountant aren't you? i recall you being called a really crap trader. if you hadn't had the income of an accountant you'd be in a right mess eh?

LiamH · Dec 29, 2010, 6:27am

Quote:

Originally Posted by mb325

I didn't say they gave up their job without knowing anything about trading did I??

Well, in that case, of course those who leave work to trade will be more likely to be profitable - They will more than likely have been profitable part time first..

The % of part timers who fail in this case will of course be higher because that would include all of those who have had a go and failed..

new_trader · Dec 29, 2010, 6:28am

Quote:

Originally Posted by Chartsy

barjon, i'm talking part time trading as in, alongside a job with a wage.

I think jon is right. The distinction should not be 'part-time' or 'full-time', it should really be how/where do you derive the majority of your income. And, if as I suspect, people invest money in stocks, shares, bonds, commodities and property as a means of preserving and diversifying wealth, then the 'where' may become a bit hazy.

Black Swan · Dec 29, 2010, 6:29am

Quote:

Originally Posted by barjon

There are plenty of traders who claim to only trade for a few hours each day, then go off to do other things. Isn't that part-time?

and the amount of time and effort they've had to dedicate to trading, in order to finally reach that heady state of ability, success and as a bi-product 'trading enlightenment', shouldn't be underestimated..

LiamH · Dec 29, 2010, 6:29am

Quote:

Originally Posted by Chartsy

tell us then, you're an accountant aren't you? i recall you being called a really crap trader. if you hadn't had the income of an accountant you'd be in a right mess eh?

Pretty sure he was being sarcastic lol

Dec 29, 2010, 6:20am	#33
Chartsy Veteran Member Member Since May 2010 948 Posts	Re: Full time trading versus part time... people are saying that those who can't go full time in the first place don't have the right risk appetite. well that's what i mean, if you can't hack the sick-to-the-stomach feeling of having a drawdown , why bother. if you are swingin' and you work around markets (as i want to , maybe as a broker/dealer) then it's not going to be hard to check your trades. it would then be a serious edge to for those with less risk appetite to get a job- they are less emotionally involved, now come on, isn't that an advantage somewhat, you can still trade unaggressively into fortunes..

Dec 29, 2010, 6:23am	#35
Chartsy Veteran Member Member Since May 2010 948 Posts	Re: Full time trading versus part time... barjon, i'm talking part time trading as in, alongside a job with a wage.

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