Trading as a career (as a business since you are your own boss)
Stock trading as a full time career? Why not, if one has the passion and preparation to take it as a career. Yes, realistically it is not an easy career. It should include options and forex trading as diversification. ✌️
What do you think of being a full time trader?
It's challenging and can be very stressful if under funded. High discipline is a fundamental must for success. It is a can do career/job🐻
What is the must have knowledge for full time trader?
Yes, we do not need to have a PhD or even a degree as a trader unless you are applying for that post in bank/fund House. It is an art and science but not rocket science. Basic chart Technical analysis as featured in moomoo courses or in YouTube or various online free sites (babypips). Fundamental analysis of the companies of interest. Pretty much all basic knowledge we can get from moomoo courses😁
What are the Pro and con of being a full time trader?
Pro- no need to work a standard 8to5 job, no need to face office politics, you plan your own time
Con- not guarantee a fixed pay check monthly, stress level heighten if poor discipline step in, perceive by others as a risk taker and gambler😝, lonely path as likely you only interact with online like minded traders
Under what conditions will you choose to be a full time trader?
1. You figure out an edge over the market eg. A robust trading plan and strategy, or a good reliable trading mentor who trade full time.
2. A portfolio history of a few months or year showing your discipline following your point 1 above.
3. Sufficiently funded for trading account with half to 1 year living expense reserve. Tabulate the minimum monthly expense to determine the cashflow required from trading. This can determine your minimum funded trading account.
4. The backup plan if trading as a career fail. One should plan for additional income streams. Many full time traders turn to mentoring, youtuber as secondary extras.
We are good to go🚵
Forget about big houses, lamborgini... That comes later if one truly can succeed. Firstly, get over with our monthly expense.![]()
What do you think of being a full time trader?
It's challenging and can be very stressful if under funded. High discipline is a fundamental must for success. It is a can do career/job🐻
What is the must have knowledge for full time trader?
Yes, we do not need to have a PhD or even a degree as a trader unless you are applying for that post in bank/fund House. It is an art and science but not rocket science. Basic chart Technical analysis as featured in moomoo courses or in YouTube or various online free sites (babypips). Fundamental analysis of the companies of interest. Pretty much all basic knowledge we can get from moomoo courses😁
What are the Pro and con of being a full time trader?
Pro- no need to work a standard 8to5 job, no need to face office politics, you plan your own time
Con- not guarantee a fixed pay check monthly, stress level heighten if poor discipline step in, perceive by others as a risk taker and gambler😝, lonely path as likely you only interact with online like minded traders
Under what conditions will you choose to be a full time trader?
1. You figure out an edge over the market eg. A robust trading plan and strategy, or a good reliable trading mentor who trade full time.
2. A portfolio history of a few months or year showing your discipline following your point 1 above.
3. Sufficiently funded for trading account with half to 1 year living expense reserve. Tabulate the minimum monthly expense to determine the cashflow required from trading. This can determine your minimum funded trading account.
4. The backup plan if trading as a career fail. One should plan for additional income streams. Many full time traders turn to mentoring, youtuber as secondary extras.
We are good to go🚵
Forget about big houses, lamborgini... That comes later if one truly can succeed. Firstly, get over with our monthly expense.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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