Kardec Trader warns against quitting your job to day trade until you've proven at least one to two years of consistent profitability. A single good month isn't enough. Keep your steady income while you build, because drawdowns hit harder when trading is your only money.
Make sure you have at least one to two years of consistent profitability. You don't have that. Don't quit your job. I think if you rely solely on trading as your income sounds cool, it's very hard. Don't quit your job. And I see people, they'll have one month of trading well, and they're like, all right, I'm ready to quit my job. No, that's one month. What are you going to do when the market flips on you? You have a tardy drawdown? Month. How are you going to respond to that? Are you going to be up some belt to back? You don't have enough experience under your belt to know how you're going to respond to that. If you do quit your job or quit something that is bringing a stable income every month to month, it will make trading very difficult.
