Is trading worth a lifetime of effort? How much does it cost to be a full-time trader?

The third brother teaches you how to trade
foreign exchange third brother

It's a big question like is it worth your life to learn dance? Is it worth your life to make music? Is it worth your life to write?

This is a difficult question to answer, but also an easy one to answer. The reason why it is difficult to answer is that I don't know your interest and enthusiasm for trading, and I don't know your environment. I don't know whether you have the qualities and potential that a professional trader should have. So it's hard to answer because everyone is different. It’s a good answer, maybe I’ll ask you if you like it, are you willing to enter this industry with enthusiasm, and you won’t regret it even if your head is broken? As long as you are willing and you have a firm answer, I say go try it. As for whether I can do it for the rest of my life, that is a matter for the future. Who dares to say that I will do this thing in my whole life? People live in change, just like me I love trading and now I make a living trading, but can it really be ruled out that one day I will get tired of it? Maybe one day I can't keep up with energy, or I see something I like more, maybe I will treat it as a hobby, just like playing chess and balls, a simple hobby. These are all possible. I don't suggest that everyone should look at one thing persistently from the beginning. While this market is glamorous it can also be considered a career as a breadwinner.
Many people have asked such a question. They say it's better to trade full-time or part-time. Most of my answers are to temporarily engage in part-time work and trade. If you feel like doing part-time trading, you can also control your emotions, and you will not be tired of the pain and suffering of trading before considering full-time trading. Some people also said that I wanted to be full-time from the beginning, and I said that's okay, as long as you have the determination, why can't you. The road is blazed by yourself, and you don’t dare to decide which road to take and let others choose the road for you. I guess you will not have much future in this life. The issue of full-time and part-time is not discussed here. I just use my experience and the experience of traders I have seen to help you analyze which one is suitable for you?

dachshund
Here I want to talk about the cost and value of full-time traders? Everyone is different so don't make a conclusion. Someone told me that they don't want to go to work anymore and want to work at home full-time. I usually ask him a few questions. The first one, can you bear the result of 5 years, 6 years or even 10 years of trading without making money and a high probability of losing money? The second question is how much do you do by yourself now? Even if these funds make money, can you support your family? Third: Do you have great ideals purely for the enthusiasm for trading or do you just want to make quick money in this market?


The first question may disappoint everyone. It is not bad to be stable without losing money for 5.6 years. Most people have basically lost their fortunes in the past five or six years. People in this market think of themselves this way, and in the end they were subdued by the market's lesson, and they fled in a mess. In addition, what should you do if you don't make money and have no source of income? Many people say that it is impossible not to make money, so where do you get the confidence from? This market is really scary. A novice trader with an account of only 100 US dollars has the confidence to make 1,000 US dollars a month and 10,000 US dollars a year. Isn't it? 10,000 US dollars is better than ordinary migrant workers. This is the frightening thing about the market. It can always attract you with its own charm, then magnify your desire infinitely, and then kill you cruelly and mercilessly. If your own family conditions are very good, you don’t need to support your family, and you still have the enthusiasm for this transaction, you can use 20% of your family funds to trade. Set yourself a good number and cycle of losing money (this may not be understood by many novices, please listen patiently later, I won’t go into details here). If you lose money, you will be killed and stop depositing money, and find a career that suits you again.


The second question you want to do full-time at home, how much money do you have to do it? How much do you earn to support your family. Some people say that if you have 1,000 US dollars, if I double it in a month, it is better than going to work. I said, can you do it?

Almost 8 out of ten people said the same or more. What about the risks? How big is your risk exposure? Earning 1,000 a month can also lose 1,000 a month. The profit and loss are from the same source. I don’t understand this truth, so I’m talking about trading. It must be your fate to lose. Some people say that I want to make a stable profit of 5 10 and I say that is not bad. If you make 1000 dollars, you can earn 100 dollars a month, and 5000 dollars can make 500 dollars. Is doubling a year enough for you to feed your family? It should not be enough now. Let's not talk about compound interest, because I don't believe you, a novice, have a stable 10 nonsense. Why such a small capital, because for novice traders, most of them who want to trade at home full-time do not have large accounts. I'm just talking about most of them, so don't generalize. Those who really put out 50,000 US dollars to do transactions have their own other businesses instead, and transactions are not full-time. Then you think about your logic to keep yourself alive. Is full-time trading right for you. This does not rule out the precedent of getting rich overnight in a short period of time, which is not within the scope of our thinking.


The third is very important, whether you are passionate about trading or want to make quick money in this market. Some people are passionate, some people are making quick money, and most of them may have both. There is nothing wrong with it, but it is very important to work at home full-time. If you don’t have enthusiasm, you can’t stay. You may quit once you encounter setbacks and pressure in a few months and half a year. (Quitting is also a good thing in my opinion). It's even more ridiculous, as soon as you make money, you will die as quickly as possible. I won't be verbose here anymore.


The above three points, if you want to do business at home full-time, think carefully, don’t take it seriously, calm down and think about whether what I said makes sense, because I have experienced it like this, and I have seen no less than 1,000 people come or quit like this of. Don't drill into your own small universe to control your thoughts with the secretion of the cerebral cortex, then you will often prove that you are right. The above calculations are scary. If you don’t make money in 5.6 years, there is a high probability that you will make money in the future. It’s also uncertain whether you will make money in the future. This market does not mean that you will become a master after a long time and make a lot of money. Everyone must recognize this. The good years of 5.6 years, not to mention losing money, is to earn a little. Is it worth it to you, because if you spend 5.6 years in other industries, you may have a good low-level position and a lot of income in the company and industry. . But the distance between these pros and cons is widened. Think about it carefully, I am not a person who persuades gambling, nor is I a person who persuades others not to trade. I am objectively judging the cruelty of this industry.

So if you really want to work full-time, there is almost no way out? No, those who really want to be full-time traders can find local institutions and companies. There are many such positions. Some of them may be mostly recruiting business, because you have no experience and no one would dare to let you trade, but some will also train some order makers. You can start with the order clerk. At the very least, they are with the market every day, at least they have a basic salary, and they will get a part of the commission if they make a profit. If you are not a rich second generation and you don't have very basic starting capital, I think this is the best choice for you to become a professional trader.

dachshund

Let me give you an example at the end. There is a friend from Jiangsu who lost a lot of money in a previous transaction and was blocked by debt collectors. trading job. However, traders in Hong Kong place great value on academic performance in trading, that is, they use data to speak. Tried multiple interviews without success. He was disappointed but still didn't want to give up. In the end, he found a job as a driver for the boss of the institution in order to get close to the institution and see how real trading institutions do transactions. Since the boss has a lot of free time, he can stay in the office as long as the boss doesn’t go out. He keeps a small amount of money when he is paid every month, and he spends most of the money on his colleagues in the trading department. Have a meal. His purpose is very clear, I just want to see and learn how they trade and how they engage in risk control. The colleagues in the trading department like him very much, and after getting to know him well, they also understand his experience. The boss also knew about this matter, and appreciated his unyielding and practical work. One day he called him to the office and said that he had hired a new driver, so don’t do your job. At first he thought that his boss knew about his escape to Hong Kong. He wanted to explain something, but the boss interrupted him with a smile. Say, go to the trading desk, they're waiting for you. He told me that he is a 180-year-old man who has never cried for so many years, even when he ran away from home, but at that moment he cried badly. I went to the trading department for three months of training, because I accepted new risk control measures and my own experience. Get started soon. At present, I heard that it manages more than 3 billion US dollars of funds, and it is doing futures, foreign exchange and Hong Kong stocks~

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Last updated: 09/07/2023 18:40

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