Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

forexhitman

Full Time Trader

Recommended Posts

hello everone,

is there anyone out there who is a full time trader and made it,

when i say made it, i mean liek someone who quit their day job and suitting at home eating drinking trading ?

 

thanks

 

There are lots of people like that out there who are full time traders.

Share this post


Link to post
Share on other sites
It's all I do but define 'full-time'... b/c I like to be done by Noon EST. ;)

 

 

LOL... that's a good one.

 

sorry BF, you are just a part time trader.

Share this post


Link to post
Share on other sites
hello everone,

is there anyone out there who is a full time trader and made it,

when i say made it, i mean liek someone who quit their day job and suitting at home eating drinking trading ?

 

thanks

 

1. Have/find a solid edge...They do exist...

2. Have enough screentime monitoring/trading your edge so you know it like the back of you hand and you have good understanding of the markets.

3. Be well capitalized, to not burden your self with unnecessary pressure, which will cause mistakes.

4. sincerely(believe), be able to convince yourself that you will make money from trading.

 

If 1-4 are true then I dont see why not.....

 

yes...most that trade full-time by default had to quit their jobs :).

That said, if you have 1-3 but you dont have 4, dont quit your job. 4 is the most important ingridient--not just for Trading but in anything.

 

Best Regards

Share this post


Link to post
Share on other sites
Not even sure I would qualify for part-time hours.

 

Where's HR around here?

 

;)

 

Such is the beauty of being "commission only", no work, no pay, but live by your own rules :)

 

Bull market = 2hrs per week & lots of travel.

Now = a few more hours, but I'm sick of the travel anway ;)

Share this post


Link to post
Share on other sites
1. Have/find a solid edge...They do exist...

2. Have enough screentime monitoring/trading your edge so you know it like the back of you hand and you have good understanding of the markets.

3. Be well capitalized, to not burden your self with unnecessary pressure, which will cause mistakes.

4. sincerely(believe), be able to convince yourself that you will make money from trading.

 

If 1-4 are true then I dont see why not.....

 

yes...most that trade full-time by default had to quit their jobs :).

That said, if you have 1-3 but you dont have 4, dont quit your job. 4 is the most important ingridient--not just for Trading but in anything.

 

Best Regards

 

Getting a part time job that lets you trade the hours/market you want is a good first step as well, better then diving right in the deep end :-). Going full time and going through that first drawn down is an interesting experience when there is no pay check arriving next week regardless :2c:

Share this post


Link to post
Share on other sites

We really do need some kind of obvious self-designation symbol next to people's names so you can see who:

 

- trades to make a living

- trades part time for some supplemental income

- trades in hopes of quitting their "real job" to trade full time (thats me)

- trades so they can tell those to whom they are selling trading systems that they do make some real trades :)

 

Some "word smithing" on the category names is needed but you get the idea.

Share this post


Link to post
Share on other sites
We really do need some kind of obvious self-designation symbol next to people's names so you can see who:

 

- trades to make a living

- trades part time for some supplemental income

- trades in hopes of quitting their "real job" to trade full time (thats me)

- trades so they can tell those to whom they are selling trading systems that they do make some real trades :)

 

Some "word smithing" on the category names is needed but you get the idea.

 

If you are trying to sort out those that actually trade and those that don't, you might be a bit discouraged how many don't... Don't believe me? Ask them to start posting in our p/l thread. See what kind of reactions you get.

Share this post


Link to post
Share on other sites
If you are trying to sort out those that actually trade and those that don't, you might be a bit discouraged how many don't... Don't believe me? Ask them to start posting in our p/l thread. See what kind of reactions you get.

 

I slowly figured that out when I first found the forum and read through thousands of posts. There aren't that many full timers. That is okay.

I am a bit embarrased that I participate in this forum so frequently and am not a full time trader but I look forward to the day when I can post that I have quite my job to trade as my primary income producing activity. I realize the road is long but I am natually a patient person and I plan on enjoying the journey without knowing when I will arrive at the destination. I have meet some great people on this forum and had some great epiphanies while sorting through all the information out there which are exciting moments.

Share this post


Link to post
Share on other sites

Investing and trading since 1990's

Been day trading about 9 years

Going on 5 years as full time - albeit only about 4 hrs a day max

Ran a hedge fund for 3 years

Do it for profit..and fun.

Teach occassionally 1:1

Share this post


Link to post
Share on other sites

All I do is trade right now, but I'm going to medical school in the fall, so I guess I won't be "full time" then. In any case, I only trade 9:30am to 11:00am anyway, so I'm with brownsfan on that aspect. As far as trusting the advice here... who cares whose profiting? If you are learning to trade and to understand the market from the people here (whether it be candle sticks, moving averages, wyckoff, vsa, or programmed strategies) and you're making a profit... what does it matter? There is so much valuable information for any kind of trader on this forum. If you want "proof", go find a guru that charges $5000 for his course and I'm sure he'll prove to you in any way he can that he "makes a profit". This is truly a gold mine for a trader who's willing to do the work. In short, you found the best trading forum on the web. Good trading to you.

Share this post


Link to post
Share on other sites
All I do is trade right now, but I'm going to medical school in the fall, so I guess I won't be "full time" then. In any case, I only trade 9:30am to 11:00am anyway, so I'm with brownsfan on that aspect. As far as trusting the advice here... who cares whose profiting? If you are learning to trade and to understand the market from the people here (whether it be candle sticks, moving averages, wyckoff, vsa, or programmed strategies) and you're making a profit... what does it matter? There is so much valuable information for any kind of trader on this forum. If you want "proof", go find a guru that charges $5000 for his course and I'm sure he'll prove to you in any way he can that he "makes a profit". This is truly a gold mine for a trader who's willing to do the work. In short, you found the best trading forum on the web. Good trading to you.

 

Agreed, I never asked for or saw a single trade result or statement from anybody I stole ideas from. I'm sure some of them are not profitable at all given how often they change their systems, but they rake in millions from their fees for services rendered. So long as I can make money I don't care if they ever become profitable themselves (beyond their highly profitable marketing skills that is :( )

 

- trades so they can tell those to whom they are selling trading systems that they do make some real trades :)

 

Nice call :rofl:

Share this post


Link to post
Share on other sites

me - traded for the last 16 years first as a option market maker, recently 9 years just sitting at the desk trading away for myself. Currently in UK, trying to set up a business - so trading has not been a focus for the last year - just getting back into it now. Interesting in that I went from working 4 hours a day back to working 10 hours - its all messed up:crap:

Have not received a paycheck since Sep 2000.

Dont sell systems, dont buy systems.

My PL consists of lots of small losses and a few big gains so it would not look pretty for most day traders.

 

For me if it moves its fair game - FX, equities, futures, options. I must admit that sometimes this causes me problems, as it gives me too many choices.

 

One distinction that would be interesting between different people is those who trade only a few instruments or markets, and only short term trade - and those who run more of a portfolio.

 

Either way - I enjoy the forum and think there are no easy answers to trading

Share this post


Link to post
Share on other sites

I've been trading for over 30 years, some as a local. I'm teaching my youngets daughter how to trade electronically and we are documenting it in a blog.

 

You might get some ideas from some of my posts. Its basically what I am teaching her.

 

1. Keep it simple

2. Trade Order Flow

3. Trade at Support and Resistance areas.

Share this post


Link to post
Share on other sites

I've retired from trading now but I can certainly help anyone serious if they wish to become successful full or even part time traders.

I operated a momentum based trading system using an MT4 platform.

These are my rules

1. Seek out divergence first.

2. Look for momentum based support or resistance for a stop if the trade goes wrong.

3. Recognise the direction in the higher timeframe until a high probability top or bottom is detected. Then wait on the sidelines to see if if holds or not. In the attachment (EURUSD 1m chart) the red and blue horizontals are resistance and support respectively whilst the background on the centre indicator is dark. It is the indicator background that shows direction, not the chart background.

4. Use open prices of candles for diagonal trap lines.This can give you an early warning of a trade or and exit.

 

Because there is a probable bottom previously, based on momentum, it is only safe to wait and see if the bottom is broken via a diagonal.

Everything should agree before a safe trade is considered. The backgrounds of the bottom two indicators, the direction of the all indicators and of course the trap diagonals when they are cut by the price.

Hope this helps.

Regards

TEAMTRADER

'Trade what you see and not what you hear or hope.'

bad.thumb.gif.8cadc8e42d7f3be1ea507c05c5a9005d.gif

Share this post


Link to post
Share on other sites
I've retired from trading now but I can certainly help anyone serious if they wish to become successful full or even part time traders.

I operated a momentum based trading system using an MT4 platform.

These are my rules

1. Seek out divergence first.

2. Look for momentum based support or resistance for a stop if the trade goes wrong.

3. Recognise the direction in the higher timeframe until a high probability top or bottom is detected. Then wait on the sidelines to see if if holds or not. In the attachment (EURUSD 1m chart) the red and blue horizontals are resistance and support respectively whilst the background on the centre indicator is dark. It is the indicator background that shows direction, not the chart background.

4. Use open prices of candles for diagonal trap lines.This can give you an early warning of a trade or and exit.

 

Because there is a probable bottom previously, based on momentum, it is only safe to wait and see if the bottom is broken via a diagonal.

Everything should agree before a safe trade is considered. The backgrounds of the bottom two indicators, the direction of the all indicators and of course the trap diagonals when they are cut by the price.

Hope this helps.

Regards

TEAMTRADER

'Trade what you see and not what you hear or hope.'

 

oi u retired?

1. wiped out cap?

2. dont like the game of taking money from the over enthusiastic opposite?

3. ultimately discovered there isnt any holy grail ?

just curious

Share this post


Link to post
Share on other sites

Not sure you fully understood what I have written, but if you need something further explained then I will be pleased to help.

The Holy Grail is a mind-set.

Regards

TEAMTRADER

'Trade what you see and not what you hear or hope.'

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Hello citizens of the U.S. The hundred year trade war has leaked over into a trading war. Your equity holdings are under attack by huge sovereign funds shorting relentlessly... running basically the opposite of  PPT operations.  As an American you are blessed to be totally responsible for your own assets - the govt won’t and can’t take care of you, your lame ass whuss ‘retail’ fund managers go catatonic  and can't / won’t help you, etc etc.... If you’re going to hold your positions, it’s on you to hedge your holdings.   Don’t blame Trump, don’t blame the system, don’t even blame the ‘enemies’ - ie don’t blame period.  Just occupy the freedom and responsibility you have and act.  The only mistake ‘Trump’ made so far was not to warn you more explicitly and remind you of your options to hedge weeks ago.   FWIW when Trump got elected... I also failed to explicitly remind you... just sayin’
    • Date: 7th April 2025.   Asian Markets Plunge as US-China Trade War Escalates; Wall Street Futures Signal Further Turmoil.   Global financial markets extended last week’s massive sell-off as tensions between the US and its major trading partners deepened, rattling investors and prompting sharp declines across equities, commodities, and currencies. The fallout from President Trump’s sweeping new tariff measures continued to spread, raising fears of a full-blown trade war and economic recession.   Asian stock markets plunged on Monday, extending a global market rout fueled by rising tensions between the US and China. The latest wave of aggressive tariffs and retaliatory measures has unnerved investors worldwide, triggering sharp sell-offs across the Asia-Pacific region.   Asian equities led the global rout on Monday, with dramatic losses seen across the region. Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock watch, good buying (+313%) toi hold onto the 173.32 support area at https://stockconsultant.com/?AMZN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.