An End to Day Trading
I have accepted an offer for a full-time programming job and I have decided to quit day trading.
The main reason I have decided to do this is because I think I can make just as much money from position trading as I do from day trading. So I will have more money with an added salary. I think it is more responsible. I plan to devote a lot of effort to position trading and my ATS. My plan is to get an ATS running by November 1.
Being able to make income from day trading allowed me to wait for an ideal programming job. It is also comforting to know that I don’t have to depend on any employer - if something happens and I lose the job, I can always trade.
Trading is mental torture. So after two years of trading during the day, I am kind of happy to return to position trading and working on the ATS. I love the stock market and will always be a part of it. But I am happy to have a stable income once again (and a break during the day). It is a lot easier emotionally. Trading drains you.
Did I fail? In some ways. I didn’t make a fortune. I made enough to live on. After all was said and done, I think I ended where I started - my net worth is the same as it was when I began. I’m glad I did it, but I’m glad it’s done.
There is a part of me that thinks I could have made a fortune if I had continued. I know that I know how to trade.
But I still plan to make a fortune.
One problem I had was not enough starting capital. I began with very little. It made things much more difficult.
The other problem I didn’t realize until maybe after a year or so. I think a lot of traders underestimate the importance of plunging. Yeah, you have to manage your risk and be careful. But you have to take the plunge when you think you are right. You have to. This contributed to much of my success in the last couple of months.
My goal is to build up my account like pinoytrader - working full time and swing/position trading.
Life is one decision after another - and sometimes you make the wrong ones, but you have to learn that for yourself. I think the important thing is to keep trying. Don’t let anyone tell you that you failed. Keep trying. You succeed in the attempt.
She knows there’s no success like failure
And that failure’s no success at all.
On a walk today I had a surge of ambition swell up inside of me. I love that feeling. It is a feeling of not being content with where you are, but a feeling of wanting to build and work and accomplish. I want to do great things. I hope I never lose that feeling. I want to keep trying forever - even after success. I don’t want anything to stop me.
