Day to Day life of a trader.

This is a discussion on Day to Day life of a trader. within the Trading Firms forums, part of the Trading Career category; Originally Posted by gamma You must be a God if you manged to stop your partner buying hundred's of pairs ...

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Old Nov 9, 2010, 9:44am   #8
Joined Sep 2010
Re: Day to Day life of a trader.

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Originally Posted by gamma View Post
You must be a God if you manged to stop your partner buying hundred's of pairs of shoes.
Nope, she buys shoes, funnily enough we had to go to the shoe shop this sunday, the good news is the shop we go to the average price of a pair is only £10 ;-) Spent just under £50!
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Old Apr 13, 2011, 9:01am   #9
 
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Joined Oct 2010
Re: Day to Day life of a trader.

Day Trading is hard, extremely hard and requires and certain mind set to win consistently. Unfortunately very few of us have that and that is why a very small percentage of the day traders actually make money.

Learn to swing trade or position trade. This is where you can earn decent money provided you have learned the right skills.
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Old Apr 15, 2011, 12:37pm   #10
 
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Thumbs up Re: Day to Day life of a trader.

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Originally Posted by leerees View Post
Here's my perspective on it, (as a stay at home retail trader)

Day trading needn't be long hours, it's how ever many hours you need to play your trade but make no mistake, trading is far from easy.

With regards to money that depends on your position. I place £1000 trades and on average I'd say I clear around £80 - £100 per trade, I usually make about 4 trades per week.

People might ask, is it really worth it for such little money but to be honest I've never been so passionate about anything. Job satisfaction really is the key to a happy life.

Of course being on less money I have had to budget myself, but I actually enjoy doing that aswell, I've become addicted to websites like moneysavings expert and now with all the extra cash through budgeting plus my girlfriends income we can afford to go on holiday once a month.

Now before you get the idea of laptops on beaches please do not be disillusioned into thinking trading is something you will learn in a day, it is not!

Trading isn't easy, all these adverts that talk about "realising your dream" and other such crap, let me tell you, to become a good trader prepare to be dragged to hell and back. It takes YEARS of painstaking research and practicing on paper accounts followed by loosing real money.

Lots of people give up however if you have the fire, the vision and you have the discipline you too could be making £80 a day lol, no seriously you can make a living from trading but it needs 100% commitment, it needs to become your life.

In order to become good at trading I sacrificed everything, my social life, my friends, nearlly lost my girlfriend too, but it was like a quest and at that time the only thing that mattered in life was becoming a good trader. I had literally no life because I was checking the markets, or reading RNS's and tweaking my trading strats till midnight. In the beginning I was on it 7 days a week, non stop.

Of course 2 years on things are different, I trade sparsely now and go to the gym, however I still get the urge and I'm always sneaking on the internet to look at a chart, when I know I should be spending time with people.

Good luck
Great peak into how a real trader work....no doubt e real shooter.
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