Thread: trading & poker
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Old 11-09-2005, 12:49 AM
Sniper Sniper is offline
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Join Date: Jun 2005
Posts: 704
Default Re: trading & poker

Salary: You should move to the US, even an entry level IT consultant doing tech support work makes more than double your annual salary!

Poker: 50 hours of 4 tabling, every week, is not as easy as it sounds... based on your other posts, it sounds like you could use some more experience here... additionally, in my opinion, you shouldn't consider yourself a poker pro, until you can show consistant profit at the 5/10 level or above.

Trading: If you intend to have any kind of life outside of "work", your not going to have much time to devote to stock research, after playing 50 hours of poker every week... also, while your short term results may look good, have you established any kind of a trading plan that would allow you to continue to maintain that type of performance over the long haul?

Remember, both in poker and trading there is a time requirement beyond just the actual playing of poker and the trading... to be truly successful, you will also need to do research and post play analysis in both cases.

I highly recommend you pick up a few "Starting a Business" and "Working from Home" books, and give serious thought to the "Do you have what it takes?" chapters. You might also find the "Quiting your day job/Going Pro" Threads in the 2+2 forums (The mag forum has had a few, so you can start there), interesting reading.

Finally, it is important that you not only be appropriately bankrolled for your poker and trading careers, but that you also have your expenses covered for at least 1 year, while you go through the growing pains of the transition. Unlike a regular paycheck, in both poker and trading it is possible to have a losing month... and you can't start out on weak financial footing, or one bad month could put you out of business, or worse!
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