For those of you who don't know on January 27th 2017 I quit my job to start trading full time.
Before you pass judgment on that decision, I was working 12-13 hour days 6 days a week with 3 hours of total commute time daily. Now if I was working for myself to build a brand or company those hours are expected, but I was slaving my life away to take home $1,000 per week. Barely ever seeing my wife, 4 hours of sleep each night with no time to really follow any of my passions or even pick up a hobby.
I am an all in or not at all type of person so I dove head first into trading, I'm only 27 so I have so much time to fuck up and figure things out. I look at jobs like safety nets there always going to be there, a position will always be available whether its running equipment again or even flipping burgers.
We get so comfortable in our jobs, I know I have that tendency. You don't have to quit your job but I would say try not to let yourself get too comfortable. You have to push yourself and test your limits, or you will never know what you can do.
So here we are 110 days later, I started my trading account with $1,000 and I have been able to pay my insurance and car payments and gas and buying cases of beer and things... I have kept my balance above the $1000 mark until this Monday where I had to pull out $500 leaving my account at $521.49.
I have come to the conclusion that unless I'm hitting homeruns damn near every trade its gonna screw me come tax time. So I've decided to get a part time job under the table ill use the cash to live off of, and add at least $250 per week to my trading account to treat it like its my savings. I will continue trading with the intentions to play only the best plays, I've gotten a bit experimental the past month and I have learned a lot about myself as a trader as well as the market itself, and what doesn't work.
This under the table position is only seasonal so my plan is to make as much as possible, put as much money in my trading account as possible, and increase my winning % and my account size until the end of the season. Then I will be back to trading full time again with a much larger account and I will be ready for the January effect 2018.
I am pleased with myself I made $1000 worth more than its face value for almost 3 months, I didn't get to see my account grow exponentially because all my wins ended up paying the bills.
I had to start somewhere and I did and that initial fear is gone, trading stocks has become part of who I am and will remain apart of. I will bring myself to the point where I can grow my account size, live off of, and have excess with my winnings.
I look forward to the future I create.