How come you don’t just start trading full time? Wouldn’t it be more lucrative then working the day job?
This is a question I get from time to time. Actually, on occassion I’m accused of not trading for a living, as if that’s some kind of trading blaspemy.
Guess what? Most traders do not trade for a living or full-time or anything like that. A lot of folks may have aspirations to do so, but it’s a relatively small fraction who actually do so – and no, that isn’t necessarily an indication of success. There have been plenty of full-time traders who have had to go back to real jobs, believe me.
For my part, I’ve never had any desire to trade for a living. My interests are numerous and varied. While I definitely enjoy being in the market, I prefer to do my trading part-time. What’s more, I tend to see my best trading performance away from short-term timeframes. On top of that, my job is as a market analytst. I’m good at it, it pays me well, and there’s basically no risk of actually losing money. Plus, I get access to information and resources that I wouldn’t necessarily have otherwise.
So that’s my position on the subject. I encourage you to share yours as well.
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About the Author
John Forman, author of this blog, has traded for more than 20 years, is a professional market analyst, and authored The Essentials of Trading. He is an active participant in trading forums, consults for trading related businesses, as published literally dozens of trading articles, and has been quoted in a number of books and in the media.
** See John’s full bio.
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