Did my first intra-day trading with great trepedation yesterday. It was a bad day for the US stock market with Dow below 6,800 for the first time since 1997 and S&P500 touching below 700 for the first time since October 1996. All the sectors were hit especially financials. I put in 2 small trades on a major US financial company and made
1.2% return on each (after holding for 1/2 and hour or so). The actual dollar amount involved was small so the $ return was also very small. What I realized through that experience was that earning a living by trading may be possible BUT will be incredibly stressful. BUT I AM OF A MINDSET TO GIVE IT A FULL TRY. IT IS THE ONLY HOPE I HAVE OUT THERE.
While I will spend disportionate portion of the day trading and improving my trading skills, I also need to have PLAN B in case that does not work. The Plan B is of course look for a job. Recently I have lost interest in doing that partly because my main barometers of my job prospect are DOW and S&P500 given my interest in a job in the financial sector. When the financial market is in tail-spin finding a job in the financial sector will be almost impossible in my view. ANYWAY, I WILL HAVE TO REMAIN FOCUSED ON THIS AREA AND STILL EMPLOY AT LEAST 2 HOURS OF THE DAY ON THIS. I feell fortunate because I am not spending 100% of the day looking for a job - that'll be suicidal in my view.
Like I am writing a business plan, I need to write plan for a job search so that it provides me a road-map.
