As the saying goes, "be careful what you wish for". I was told Friday morning that my company has decided to out-source my department, and my services are no longer needed. I wasn't happy at this company due to the political games and lack of leadership, so wasn't overly disappointed to hear the news. But this is definitely a game changer. I haven't really decided what I'm going to do, but considering how much I complained about not being able to trade full-time, now would be a good time to give it a shot. Since I've never traded full-time, I'll probably spend at least one week trading full-time on the Sim so I can figure out the pit-falls of being in front of the screen all day. I'm afraid it could lead to over-trading. Spending a week on the Sim will help me solidify my method and make tweaks to handle the full-day. I've already received calls from three IT recruiters so I'll probably begin my job search as well, but in the mean time, I'll be spending 4-5 hours a day actively trading the markets.
Wish me luck!
Good luck man.
ReplyDeleteHopefully it will turn out that they did you a favor... Good Luck, I'm sure you'll do fine.
ReplyDeleteThanks guys!
ReplyDeleteGoodluck! Did the same 9 years ago as my job was outsourced too.
ReplyDeleteMy advice: don't try to trade all the time but trade when you feel like it, when you feel góód. Then you'll be at your best; that's the real freedom of trading fulltime!
Well i'll be online bright and early Monday to trade with ya!
ReplyDeleteGood luck man! I know it sucks but maybe its a blessing in disguise!
I have been through this exact scenario or getting laid off and trying to trade. I did not make it for at least three reasons, so avoid them.
ReplyDelete1. Undercapitalization. If your trading money you cant afford to lose, or need to rely on for income, it raises the stress level greatly.
2. Lack of certainty in the system/rules. I was training with a futures program live, but they were going through issues and left me wondering about the system.
3. Emotional/financial drama. In the midst of it all I was involved with a defaulted loan to a friend and relationship issues.
Be realistic with your goals and have a solid exit plan if it does not work out as income.
The markets are not going anywhere and you can always regroup and come back later. Do not go into debt or hurt yourself emotionally or mentally.
Live to trade another day.
Good luck man... I really believe in blessings in disguise, as I've had many of them over the last few years in relation to my trading career. If you can afford it, take a while to try trading full-time before u start your job search. You never know where it may lead. all the best....
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