To: gizmo&jack who wrote (81772 ) 3/3/2000 6:50:00 AM From: swisstrader Read Replies (1) | Respond to
gizmo: apologies for the late response...best to have your cake and eat it too...why give up either?...day job represents stability, climbing the corp ladder, retirement funds, 401K, etc; trading is lucrative, exciting and great fun...what you MUST do is simply tweak your trading mentality to be less momo plays and more focus on longer term stuff you really know and love and hence, no need to piss off the boss and check every 10 nonseconds on a trade...I have/had a similar dilemma (great, well paying job, love for and terrific profits in my trades)...however, my choice has been to keep the day job and as your mgt suggests, have cooled the trading down quite a bit...very few momos, except when time REALLY permits and amazingly so, my profits since this decision have been BETTER than from the days of chasing or swing trading...when I hit a certain magic number, I do plan to retire early and move to either AZ, Hawaii or Bermuda, and either set up a hedge fund with a couple buddies or simply trade for my own account and golf my head off...but not until I hit that number and until I do, nice to know someone is taking care of paying the bills...further, everyone's a hero (i.e., makin money) while we're in a bull market...the second someone turns the spigot off, you'll be left high and dry and potentially losing money, in addition to not making a steady income...I've had loads of fantasies about dumpin the day job, but think that double dipin makes so much more sense...also, while I greatly respect your trading style, the streets are littered with folks who thought they could make a go of all this and are now either on the bread lines or in the papers for all sorts of nastiness...you're a smart dude, you'll make the right decision and sometimes fate and destiny will force your hand one way or another...don't try to force that youself...hope that helps (just a little)!
