Kardec Trader advises against quitting your job to trade unless you have 6-12 months of savings and at least one year of consistent profitability. You need to understand your setups, your game plan, and how you react to wins and losses. Give trading one to two years to develop before you leave.
Six months to a year of savings.
Consistently profitable for at least one year.
Do you recommend going full time trader or also focusing on other sources of income? So if you want to go full time, make sure you have six months to a year of savings put aside. If you want to go full time, make sure you have been consistent for one year. When I say consistent, I mean consistently profitable for at least one year like you had one year where you've made money. You understand what your setups are, you understand what your game plan is. You understand how to approach the market. You understand how you respond when you have a losing day, how you respond when you have a winning day, like all of these things. And if you have all of that packed, quit your full time job, great, go ahead if that's what you want to do. But if you don't have that, I would say don't quit. Because if you do quit, you're just going to make your life a lot harder. You don't need that added pressure from day trading added to you just because you want to quit your job and you're in a rush. Take things slowly, give it a year, give it two years, let it come to you. And you'd be really, really surprised on how much you can achieve in two, three years opposed to two, three months.
