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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?

To: HoodBuilder who wrote (2)	1/17/1999 12:03:00 AM
From: SpongeBrain	Read Replies (5) \| Respond to of 611

What about scaling back to PT? That seems low risk ,low pressure. That way, you have some guaranteed income, and if it doesn't work out, you can just go back to your situation before (FT). All you've lost is a few paychecks, big deal. You can ALWAYS go back or get another job, so it seems like its worth a try, instead of wondering "What if...." for the rest of your life.

To: HoodBuilder who wrote (2)	1/17/1999 3:00:00 AM
From: Spirochete	Read Replies (4) \| Respond to of 611

Glad to see doses of realism here. There are several daytrading threads on SI which are good. One of the take home messages is that you never risk more than 5% of your TRADING capital on one trade. This is outside of your retirement capital. If you do the math, and you don't burn money unwisely each month, you could probably quit your job anyway, but haven't because either you enjoy it too much, or are still building your empire. Maybe it would be more prudent to get a job after trading hours, so you can trade in your "spare time". I am self employed, with a two hour lunch daily, so I can trade during the "lunch hours" at the office. (This is theoretical, as I haven't done it yet, but the line's in my office, I'm getting the computer, and the check is on its way to open an online account.) Any thoughts? What I see as beneficial, is that it could be done from a beach in Hawaii as well as my bedroom. With Motorola's new phones, you could go on an ocean voyage and still generate income. Any thoughts?