If you plan to trade full-time, here are some points worth your careful consideration:
1. Trading continuity is crucial. Every day is a potential source of income. Once you stop trading, it means an interruption of income.
2. The impact of losses is cumulative. One day's loss may take several days or even longer to make up for.
3. System stability is the basis for successful trading. You need to evaluate whether your trading system is stable enough to remain profitable in different market environments.
4. Financial reserves are crucial. Before full-time trading, make sure you have a reserve fund that can support your living expenses for half a year to a year to cope with possible income fluctuations.
5. Alternative plans after failure. Before deciding to trade full-time, consider whether you have other viable careers or financial sources as a retreat if the transaction fails.
6. Ability to deal with family pressure. Long-term unprofitable may cause family members to worry and urge, and you need to be mentally prepared to deal with this pressure.
7. Risk management ability. If you encounter extreme situations such as liquidation, do you have enough liquidity to deal with this risk?
8. System optimization ability. Trading is a process of continuous learning and progress. Do you have the ability to continuously optimize your trading system?
9. Confidence and self-adjustment. Can you maintain confidence and adjust your trading strategy when you are not profitable for a long time?
10. Mentality management. Price fluctuations in the trading market are normal. Can you maintain a calm and rational mentality in the price fluctuations?
Don't trade with debt. Debt will only increase your psychological pressure, affect your decision-making, and make your trading irrational. Remember, spend as much as you earn, and keep your life stable and calm.
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