Hey all,
I need some psychoanalyis time on the couch from some pro traders. I absolutely hate my job and have been wanting out of it for a long time. I have no future in this job and it's doing nothing developmental or productive for me other than give me a paycheck. I have a social sciences degree so I don't have many options right now. I want to transition to the financial industry as that's where my passion is i.e. stock market or forex, or possibly trade on my own. I'm taking finance graduate classes part time right now but want to quit my job and go full time to get things done faster and get moving into something I like, and fully involve myself and develop my trading skills day in and day out. That way I'd be getting two educations, one in school as a primary plan, and one in real life trading as a secondary plan. The problem is that this is obviously not financially smart. Right now I have four strategies in forex that are posting winning records for two months (284 total pips), and I'd like to spend more time testing and developing them, but it's hard to fully do that with my job. I'd like to be able to do full testing and development for at least 6-8 months, and if I post a profit then I'll put a large sum of money in my account. I know that I should stick with my job for the financial security and just take night classes and trade and learn when I have time, but I'd like to hear any contrarian opinions from anyone who's experienced in making such decisions, or feels they could tell me if the benefit outweighs the risk/financial burden or vice-versa.
Any thoughts?
I need some psychoanalyis time on the couch from some pro traders. I absolutely hate my job and have been wanting out of it for a long time. I have no future in this job and it's doing nothing developmental or productive for me other than give me a paycheck. I have a social sciences degree so I don't have many options right now. I want to transition to the financial industry as that's where my passion is i.e. stock market or forex, or possibly trade on my own. I'm taking finance graduate classes part time right now but want to quit my job and go full time to get things done faster and get moving into something I like, and fully involve myself and develop my trading skills day in and day out. That way I'd be getting two educations, one in school as a primary plan, and one in real life trading as a secondary plan. The problem is that this is obviously not financially smart. Right now I have four strategies in forex that are posting winning records for two months (284 total pips), and I'd like to spend more time testing and developing them, but it's hard to fully do that with my job. I'd like to be able to do full testing and development for at least 6-8 months, and if I post a profit then I'll put a large sum of money in my account. I know that I should stick with my job for the financial security and just take night classes and trade and learn when I have time, but I'd like to hear any contrarian opinions from anyone who's experienced in making such decisions, or feels they could tell me if the benefit outweighs the risk/financial burden or vice-versa.
Any thoughts?