Why BS - I'm genuinely curious why you believe this?
The main issue with this thorny subject is that most take affront at the suggestion that, part time > telling boss where to stick it > full time, will never work as it flies in the face of the majority of ambitions and dreams on a forum like this...
Firstly, I reckon the mass of advertising and marketing during the boom years has led to a disconnect of sorts. That push encouraged folk to 'have a go' on a part time basis suggesting the job, in all its forms, was easy. You know if you visit most trading forums the majority of the active sticky eyes are always on methods/strats..euphemisms for shortcuts.
We can only use our personal experiences or those close to us (relatives or work colleagues) to frame an opinion as how best to tackle the going full time as a trader route/option. I'd suggest by far the best option to go full time self employed is to already have a track record;
Fed up with the daily commute, wanting a better quality of life and lifestyle Billy Bund hands in notice in Jan. after getting bonus and trades part of his 500K savings he's accumulated from the industry over the past ten years or more knowing he's gonna be fine... He'll moan like fook at BT for the slow broadband, pi55 himself laughing at how silly most of *us* are, keep his head down, take ten-twenty grand out of the market each month and wonder why he didn't sack off everything a bit earlier..
But that's not how most arrive in this retail world of potential pain. Most are looking for the Net Trap plug and play morning breakout solution, could be a bit of fun, might make a few quid, happy days! and that's how they'll stay. I'm deep into my third year full time, took me a year to become profitable, by year two (end) had above average wage and my intellectual curiosity were trading knowledge is concerned has been insatiable.
Now I can be a touch slow on the uptake at times, but I cannot begin to add up the screen time/forums time and absorbtion this new found profession has cost. I can't possibly imagine a scenario (en masse) were folk can avoid the thousands of hours of *work* to arrive at where I am
if they fly solo and learn the job from scratch..And that arriving is not (as we both know) discovering/buying a grail. The mindset required, encompassing single minded dedication and balanced determination, is impossible to replicate from one person to another and imho an incredibly difficult set of characteristics to develop.
I'll repeat what I stated up thread; if you are a successful part time trader, having pulled ten grand out of (for example) FX this year, then keep your head down, do right by your boss (and your job) and keep the part time FX trading job. You'd have needed £200K+ to have earned better than that in interest on Sterling from the high street.
