I Want Out!
October 10, 2006 by Trader Rich
I am really in the pits right now with my current job and I already have my mind clearly set on working for myself. This alone is squashing my motivation to continue this career even though I've worked so hard to get here and still have +$30,000 in student loans. I must prevent myself from running too far ahead into thinking that I am ready to trade full-time because I AM NOT. The success with my newest trading system though is clouding my judgement a bit.
I'm approaching one month of trading the h-system with good results. This month I'm up 273 pips. This week alone has produced a profit of 65 pips on Monday even though trading volume was light and a profit of 76 pips this morning. Last month, I ended up 294 pips. This system is clearly working but what worries me is that it is very restrictive in the currency pairs it can trade. I've only been able to successfully show that in the past, this system shows favorable results trading the GBP/USD. I cannot put all of my faith in one system. I need several systems.
This leads me back to career concerns. I am neither financially or educationally ready to trade full-time. In fact, I think I'm years away which is frustrating me right now. I certainly don't want to leave this job and move to another working for someone but I might need to do that to prevent me from jumping into something I'm not ready for. I have been considering applying for IT jobs at foreign exchange broker's as this may peek my interest if I got to see how the whole business operated. I have done this in the past though and received an offer from a large forex broker in New York City last December. This is kind of off subject and verbose but let me tell you a little story. This job would have been a great opportunity but what happened after I received an offer changed everything. I was supposed to start about a month and a half after I was hired so when this time approached I tried to contact the guy who hired me. No response. I started to wonder what was going on until he replied to my emails a week later stating that he was no longer with the company but was still doing "part-time" consulting. Hmm…. I asked to speak to him offline and he called me that day. What he said to me changed my mind about working there. Now remember, these words are from the guy who hired me. I don't remember exactly what he said but it went something like this:
"DON'T WORK THERE. I ACTUALLY FELT BAD GIVING YOU AN OFFER BECAUSE I DIDN'T WANT TO DO THAT TO YOU."
I don't want to get into all the reasons why he said this but that was
pretty much the clincher. So I'm still at the same job I was at then
but with more uncertainty than ever.
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Great. my exact sentiments. But i am not giving up yet. Let’s work together for financial independence. cheers.