Should You Quit Your Job to Trade?Aug 27th, 2014 | By Bella | Category: General Comments
Dear Mr. Bellafiore,
Hello my name is Jeffrey, first off I’d like to thank you for the information in your book “one good trade” it’s been very helpful. I’ve been day trading for 2 1/2 years now. I can’t trade stocks because of my work schedule but do take advantage of the Future and Currency markets. I’ve come to realize that my preparation is lacking big time. I understand how to read a chart along with ranges like support and resistance but don’t know come up with the major levels or how to really trade off of them. I guess what i’m asking is what should be my main focus in preparation in these markets 1. and 2. should I resign from my job look for a prop trading firm that will give me the knowledge I need to succeed.
Thank You Very Much
Just For Reading
Ask yourself the following questions:
- Do you have the $ to survive the learning curve of a pro trader?
- Do you have a passion for trading that will fuel you to do the work necessary to become consistently profitable?
- Do you have a backup plan if trading does not work out for you?
- Do you have an edge presently with your trading?
- Do you have the personality that can handle an unstable earnings job?
- Are you being invited to join a desk that will help you monetarily, technologically and educationally grow as a trader?
If you cannot answer Yes to all of these questions, consider working on your trading game some more part-time while you put yourself in position to answer all the above affirmatively.
“You can be better tomorrow than you are today!”
Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of One Good Trade and The PlayBook. He welcomes your trading questions at [email protected]
no relevant positions