Hot trends, hot stocks... time to quit your job?

Every month the number of "Investment blogs" doubles, a lot of "cubicle prisoners" instead of doing they job, wondering around the floor, bothering co-workers with stories of "how they doubled their accounts in the last 4 months and they are about to quit this stinking job to become full time trade for living guy".

Is having a desire to quit day job with asshole manager good, bad, ingenious or just plain stupid? Tricky question, lets break it down.

Hate your job and manager? Time to move on to another place, but you better be damn certain that it is your manager who is an asshole and not you.

Next, speaking of becoming full time trader as oppose to making few dollars when market is good. This IS a tough decision to make. Think of not having "guaranteed" paycheck, benefits, pension (if you got one), having to pay toward Social un-Security, long term disabilities insurance .. list goes on, and the only source of income would be trading, Geez - takes all fun out of idea, isn't it?

Don't forget that in order to MAKE money you have to HAVE money -do you have $200,000.00USD hard cash ready for that? Think 2001-2002 - that is what you needed to make money in trendless markets.

Not to overlook money for at least 6-9 months to maintain your lifestyle - market sometimes does not pay on the regular basis even to the very best of traders.

I found compromise for myself, even knowing that I can survive in the stock market on the long run, I still work a little over 20 hours a week to retain corporate "goodies". Do I care about place I work for? Way less then before I found out and PROVED to myself that I can make living trading stocks, surprisingly "my place I work for" seems to care more about ME knowing that I'm not a corporate slave anymore and I HAVE A CHOICE.

Why am I saying all of that? Because I want to remind to everyone, including myself,
that HUMILITY and MODESTY are one of the most important qualities for good trader.

BE A TRADER, DON'T SAY YOU ARE.

DavidDT
P.S. I'm a sinner too, I started trading blog myself 4 months ago, but publicity or vanity was not the reason for that, I hope I'm not a "show off" type, I still drive G35 ( slightly non-cosmetically modified for better performance ).
Main reasons for starting this blog
1. Became bored with my "paper journal", plus publicly posted ideas would imply better self-discipline as well.
2. The smell of 1999 is in the air, I thought that I might benefit to all of us trying to preach awareness at all times - there is NO free lunch in the market, when we get blessed to MAKE money we need to learn to KEEP money.