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What is your Trading Situation (full-time, part-time, retired, etc)
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What is your Trading Situation (full-time, part-time, retired, etc)

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
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What is your Trading Situation (full-time, part-time, retired, etc)

What is your trading situation?

Are you a full-time trader?

Are you employed with a regular day job, and trade on the side?

Are you retired, and trade on the side?

Are you out of work, and trade on the side?

Vote on the forum homepage, and discuss here.

Mike

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1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #2 (permalink)
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  #3 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
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devdas's Avatar
 
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I'm employed with a regular day job, and trade on the side.

Harvest The Moon
Nest The Market
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  #4 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
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Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,069 since Aug 2011
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What is full time?

I have made my primary living through trading for the last 15 years. That said, I spend as little time as possible trading each day. A five hour day is a long long day....so anything but full time. I have a few other business interests as well but those are ancillary, or secondary streams of income.

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  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
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I would define "full time trader" as a trader that relies on trading for the majority of his income.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #6 (permalink)
Elite Member
milwaukee,wi, usa
 
Futures Experience: Intermediate
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lrfsdad's Avatar
 
Posts: 186 since Nov 2012
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very impressive being involved in a forum where 1/3 (as of today) poll respondents are full time traders ....Now I wonder what the percentages are of the rest of the sample that are trading live vs. sim (like me )

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  #7 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
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Posts: 46,238 since Jun 2009
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lrfsdad View Post
very impressive being involved in a forum where 1/3 (as of today) poll respondents are full time traders ....Now I wonder what the percentages are of the rest of the sample that are trading live vs. sim (like me )

Look at past polls under Community menu.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #8 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received

Mike, have you come to any conclusion about how truthful people are when voting? I'm sure you have access to what individual people have voted and have developed a profile for the average trader by matching poll results. It would be interesting to see what people have answered on polls in their profiles or maybe keep profiles for poll takers but keep the trader anonymous. However, I'm sure not all of the same people voted on each and every poll. Also, I assume some of the polls would change taken in different periods of time.


Last edited by Itchymoku; December 7th, 2012 at 06:34 PM.
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  #9 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Intermediate
Platform: ThinkorSwim
Broker/Data: TOS
Favorite Futures: CL, NQ
 
silverbear's Avatar
 
Posts: 4 since Dec 2009
Thanks: 3 given, 0 received

Voted out of work and trading on the side but actually spending more time trading than looking for work.

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  #10 (permalink)
Elite Member
uk
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: amp
Favorite Futures: ES
 
Posts: 164 since Aug 2009
Thanks: 102 given, 80 received


part time.

i've been trading on-and-off since I was about 17, around a decade ago!

At one point, a few years ago, I was making more money trading (for a period of about 3 months) than I was in my
(low paid) day job, and decided to quit and try trading 'full time' for a living.
Ended up going horribly wrong, I guess due to a mixture of pressure, the feeling of 'needing to trade/be doing something', weaknesses in my method, and a few other things.

So, for now, I am again just trading on the side, before work, and again when I get home from work in the evening.

I feel as though I am as close as I have ever been to finally 'getting it' in terms of consistent profitabililty, but years of hard-knocks just won't allow me the level of optimism required to do something about it. So, for now I am content plodding allong part-time, trading very small stakes, trying to top up my wages....

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