My "job" right now is trading. I started in April. When I first started it, I gave it a 60/40 chance of success. After 5 months of track record I am not so sure. The results have NOT been unmitigating disaster but surely have been very dissapointing. I have not lost any money on trades but my gains have not covered the trading costs. The bottom-line is, on a net basis, I lost money every month. This is obviously not sustainable; and at this time, I give it a 25/75 chance of success.
I am giving another 3 months at most for trading to work. The definition of work is that I need to make be at least $3,000 in one of the months. If it does not work, I will quit working on it full-time. The goal of trading is to help cover living costs, which is not that high, around $3,000/month.
Since I had dreamt of doing this full-time even when I was working full-time at CSFB I need to make an ernest effort to make it work. I REALLY WANT TO MAKE IT WORK. I do have couple of months of data and experience, and I need to evaluate what worked and didn't work and try to learn from "best practices". I NEED TO WRITE A PROPER BUSINESS PLAN.
Since I am not confident that trading will work, I need to seriously work on my job-search. I have lost all the momentum since March-April because I was "hoping that trading will help me buy time" but obviously that's not the case. I need to start from ground up especially psychologically. The reason I lost all the momentum was because of lack of progress. I did get calls from potential employers but nothing panned out beyond phone interviews. THE BOTTOM-LINE IS THAT I HAVE TO PURSUE A MUCH SMARTER JOB SEARCH STRATEGY.
In my heart of heart, I do not want to get a job and work 9-5 because I will not feel content with that. I need to have ownership of something.
