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Thinking about quitting my job... to trade stocks

 
Anonymous Coward
User ID: 1212477
United States
12/01/2012 07:51 AM
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Thinking about quitting my job... to trade stocks
I've been trading stocks a long time. Never successfully, until recently. I finally came up with my own math based trading system built around not losing money first and foremost, profits second. I have yet to make a lot of money, but my losses totally ceased over 6 months ago. It's looking positive.

The problem is that I quit a job once to trade stocks and it didn't work out. Of course, that was a long time ago and I didn't have any kind of trading system.

I have some money saved to pay my bills until I get get enough health profits to begin taking money out of my brokerage account to pay bills.

But it's still scary. It's scary to quit a job these days. Just thinking about it can make you feel like a fool. But then again, we don't live forever. Maybe the hours I burn at work could be spent at home perfecting my trading system.

Hmm. What to do...
Anonymous Coward
User ID: 1450879
United States
12/01/2012 07:56 AM
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Re: Thinking about quitting my job... to trade stocks
Isn this a dnagerous tiome to get into that given the markets due for an adjustment downwards at any time?
Anonymous Coward (OP)
User ID: 1212477
United States
12/01/2012 07:58 AM
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Re: Thinking about quitting my job... to trade stocks
Isn this a dnagerous tiome to get into that given the markets due for an adjustment downwards at any time?
 Quoting: Anonymous Coward 1450879


Yes, if a person only bets that the market will rise. I also bet against the market at times. It just depends.
Anonymous Coward
User ID: 28837233
United Kingdom
12/01/2012 08:00 AM
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Re: Thinking about quitting my job... to trade stocks
FOREX is probably a better bet. Far, far less manipulation than the stock markets, and absolutely massive in terms of money flow.

I'm looking at subscribing to a system marketed by a very savvy and successful FOREX trader.
Anonymous Coward
User ID: 23290196
United States
12/01/2012 08:00 AM
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Re: Thinking about quitting my job... to trade stocks
The whole economy will tank soon.. think long and hard.
BOWMAN

User ID: 11306737
United States
12/01/2012 08:03 AM

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Re: Thinking about quitting my job... to trade stocks
Isn't it scary though?

Very risky business OP.

Good luck.


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H&W P401 Recip./Parson's Turbine Cold Start

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Anonymous Coward (OP)
User ID: 1212477
United States
12/01/2012 08:05 AM
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Re: Thinking about quitting my job... to trade stocks
The whole economy will tank soon.. think long and hard.
 Quoting: Anonymous Coward 23290196


You can bet more than one direction at once. Straddles, Stangles, etc. A big move (in either direction) can produce enormous profits for people who bet both ways.
Anonymous Coward (OP)
User ID: 1212477
United States
12/01/2012 08:06 AM
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Re: Thinking about quitting my job... to trade stocks
Isn't it scary though?

Very risky business OP.

Good luck.

 Quoting: BOWMAN


Thanks. Yes, it can be very scary. I've tried to take much of the risk out of the equation by forcing myself to be happy with smaller potential profits.
Anonymous Coward (OP)
User ID: 1212477
United States
12/01/2012 08:08 AM
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Re: Thinking about quitting my job... to trade stocks
FOREX is probably a better bet. Far, far less manipulation than the stock markets, and absolutely massive in terms of money flow.

I'm looking at subscribing to a system marketed by a very savvy and successful FOREX trader.
 Quoting: Anonymous Coward 28837233


Careful. Many guys who sell systems are either secret failures, or could not handle the stress anymore and decided it was easier to sell a system than trade (true!). And some sell their wares in order to fund their losing gambling habits.
Anonymous Coward
User ID: 28837233
United Kingdom
12/01/2012 08:12 AM
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Re: Thinking about quitting my job... to trade stocks
FOREX is probably a better bet. Far, far less manipulation than the stock markets, and absolutely massive in terms of money flow.

I'm looking at subscribing to a system marketed by a very savvy and successful FOREX trader.
 Quoting: Anonymous Coward 28837233


Careful. Many guys who sell systems are either secret failures, or could not handle the stress anymore and decided it was easier to sell a system than trade (true!). And some sell their wares in order to fund their losing gambling habits.
 Quoting: Anonymous Coward 1212477


In the UK, we can play FOREX through "spread betting" at as little as £1 per pip. So, getting your feet wet won't cost you the farm.

Any gains are totally tax-free.

The guy I'm referring to is named Ian Williams, and has a public track record second to none in the FOREX markets. I don't believe he's a scammer.
Anonymous Coward (OP)
User ID: 1212477
United States
12/01/2012 08:22 AM
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Re: Thinking about quitting my job... to trade stocks
In the UK, we can play FOREX through "spread betting" at as little as £1 per pip. So, getting your feet wet won't cost you the farm.

Any gains are totally tax-free.

The guy I'm referring to is named Ian Williams, and has a public track record second to none in the FOREX markets. I don't believe he's a scammer.
 Quoting: Anonymous Coward 28837233



"I bought a thang called Market Raider from a guy called Ian Williams which serves me up forex setups very regularly - and it is then up to me to assess the strength of the set up and choose what to do next. It saves me hours of trawling charts, but left to its own devices would have broken the bank a thousand times over. I AM NOT RECOMMENDING IT here. I think as a time saving tool some bots are quite useful - but nothing will do the best decision making for you but you! That's why bankers deserve their bonuses!"

[link to www.forexfactory.com]
Anonymous Coward
User ID: 20574169
United States
12/01/2012 08:28 AM
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Re: Thinking about quitting my job... to trade stocks
no your not. Your just making a useless thread.
Anonymous Coward
User ID: 8074105
United States
12/01/2012 08:28 AM
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Re: Thinking about quitting my job... to trade stocks
The whole economy will tank soon.. think long and hard.
 Quoting: Anonymous Coward 23290196


agree, it's over for this country. that said he can still make money in a collapsing market
Anonymous Coward (OP)
User ID: 1212477
United States
12/01/2012 08:29 AM
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Re: Thinking about quitting my job... to trade stocks
no your not. Your just making a useless thread.
 Quoting: Anonymous Coward 20574169


I'm acutally serious. Thanks for wasting everyone's time though.
Anonymous Coward (OP)
User ID: 1212477
United States
12/01/2012 08:29 AM
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Re: Thinking about quitting my job... to trade stocks
The whole economy will tank soon.. think long and hard.
 Quoting: Anonymous Coward 23290196


agree, it's over for this country. that said he can still make money in a collapsing market
 Quoting: Anonymous Coward 8074105


Yes. The market just has to move. It doesn't necessarily have to move in any particular direction.
Anonymous Coward
User ID: 28654663
Turkey
12/01/2012 08:31 AM
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Re: Thinking about quitting my job... to trade stocks
Do it, no gain without pain, its risky but ROI could be enormous.

Nothing to lose ? You can always start from scratch.

Its your life do whatever makes you happy.
Anonymous Coward
User ID: 8074105
United States
12/01/2012 08:31 AM
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Re: Thinking about quitting my job... to trade stocks
someone worth checking out would be Gregory Mannarino. Do a search, you'll find him...
Anonymous Coward (OP)
User ID: 1212477
United States
12/01/2012 08:35 AM
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Re: Thinking about quitting my job... to trade stocks
Do it, no gain without pain, its risky but ROI could be enormous.

Nothing to lose ? You can always start from scratch.

Its your life do whatever makes you happy.
 Quoting: Anonymous Coward 28654663


I like your attitude. Thanks.
Anonymous Coward
User ID: 1450879
United States
12/01/2012 08:35 AM
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Re: Thinking about quitting my job... to trade stocks
Isn this a dnagerous tiome to get into that given the markets due for an adjustment downwards at any time?
 Quoting: Anonymous Coward 1450879


Yes, if a person only bets that the market will rise. I also bet against the market at times. It just depends.
 Quoting: Anonymous Coward 1212477


ok, so youre head isnt in the clouds and you short, plus a lot of other definitions i probably dont know


Well it takes courage to make a change like that, good luck op, you wont know until you do it and commit to it full time. Youll regret it if you dont for the rest of your life.

I say do it.
Anonymous Coward (OP)
User ID: 1212477
United States
12/01/2012 08:38 AM
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Re: Thinking about quitting my job... to trade stocks
Isn this a dnagerous tiome to get into that given the markets due for an adjustment downwards at any time?
 Quoting: Anonymous Coward 1450879


Yes, if a person only bets that the market will rise. I also bet against the market at times. It just depends.
 Quoting: Anonymous Coward 1212477


ok, so youre head isnt in the clouds and you short, plus a lot of other definitions i probably dont know


Well it takes courage to make a change like that, good luck op, you wont know until you do it and commit to it full time. Youll regret it if you dont for the rest of your life.

I say do it.
 Quoting: Anonymous Coward 1450879


Yikes. I may actually do it. Scary. :)
Anonymous Coward
User ID: 28837559
Italy
12/01/2012 08:39 AM
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Re: Thinking about quitting my job... to trade stocks
What about forex? is it more hard then trading stocks?
Anonymous Coward
User ID: 28837559
Italy
12/01/2012 08:41 AM
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Re: Thinking about quitting my job... to trade stocks
What about forex? is it more hard then trading stocks?
 Quoting: Anonymous Coward 28837559


*harder *than
Anonymous Coward (OP)
User ID: 1212477
United States
12/01/2012 08:43 AM
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Re: Thinking about quitting my job... to trade stocks
What about forex? is it more hard then trading stocks?
 Quoting: Anonymous Coward 28837559


*harder *than
 Quoting: Anonymous Coward 28837559


I don't think it's necessary anymore. Now you can trade currencies using ETFs. Of course you can only trade ETFs during market hours whereas Forex is open all night. I guess it just depends on what your goals are. My system is based around stocks so I probably would shy away from Forex, but I'll keep it in mind going forward.

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