Should I Leave Job for Trading?
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Is trading better than a job?
‘Is trading better than Job?’ is entirely dependent on the individual perception and analysis.
Before making a decision on what career you should begin with, you must analyse the different dimensions of stock trading and the regular time bound job profile, say between 09:30 am and 06:30 pm.
Let me start this argument from finish line to starting point in reverse order, say, you liked the most in the trading activities and you need to make all needful preparations.
It does include a determined mindset that defines psychological, emotional, control of anger/greed, non-vengeance trading principles.
Further, you must understand what fuels stock markets and how to enter and exit the markets with a decent profits.
You must conceptualize your trading activity and check for your abilities, skills, and employment of your preset trade plan.
Let us say, somewhere, the trading activity generated interest and passion and you decided to enter the trading markets and quit your regular job profile rather than.
Then also, you must be very cautious, perform swing trading that demands for less time contribution than intraday trading.
On purchase of your swing stocks, you can hold your asset from a few days to a few weeks.
You will have more time to make a detailed analysis and exercise your acquired knowledge, and skillset to sell out at a profitable exit position.
After you understand the tricks of the trade, you can steadily quit your regular 09:30 am to 06:30 pm and slide in as a full time trader.
A slow transition can help you in establishing yourself as a good trader in the future.
Significant Features of the Financial Stock Markets:
You can quit your job and join the stock trading circles provided you have already obtained knowledge on the basics, and the advanced trading strategies.
You must choose your desired trading strategies that suit your mindset.
In Indian Stock Markets you can perform day trading, swing trading, options trading, and futures & options trading, etc., whichever is comforting you.
You should take advice from experienced stock experts, stock brokers, and participate in the Internet groups that keep discussions real and live.
Try to learn business economics, and statistics that govern your trading strategies.
Follow advice at times of adversary but remember it may not work out at all time. Therefore, your decision making must be the ultimate.
The answer is YES and at the same time NO.
Let us assume you are running a low-equipped old model car with a maximum speed of 60 KMPH. Trading is like driving a sports car at a speed of 200 KMPH, If you know how to handle a sports car at maximum speed, you will be thrilled and you reach your destination soon.
At the same time, if you are a fool and drive the sports car at 200 KMPH with your eyes closed or with little negligence, life will be even crazier than you expect.
So, do not enter the stock market without proper knowledge, sufficient money, an alternate income source, and finally without discipline.
There are many YouTube channels and free e-books to learn stock market. Spend some time and effort to understand how it works.
After learning you can practice those strategies on paper trading websites. Here is the list of paper trading websites.
Don’t’s for Beginners in Stock Market
Still confused? don’t worry. Everybody will become successful if they put their heart and soul into what they are doing. Love what you do or do what you love.