A few months ago I posted an article: Becoming a Full Time Trader Part I. Actually, I didn't plan to write Part II for a full time trader. However, many experiences remind me of this profession, making me want to continue writing my work about full time traders.
It's been a while, I once told one of my friends: "I really want to be a full time trader. Where I trade stocks at home and do analysis independently".
Hearing my statement, my friend replied with a bad smile: "There's nothing wrong with investing in stocks."
What can be concluded from the conversation above, especially regarding the full time trader profession? There are several points:
- Full time trader is a strange profession for most Indonesian people.
- Full time traders are still not considered a profession.
- Full time trader is an unemployed "profession".
- Full time trading, no need to do anything.
Hearing the stories of colleagues who are also full time traders, I also experienced the same thing. If you become a full time trader, be prepared that your environment (although not always), will always mock the profession you are in.
In the first post: Becoming a Full Time Trader Part I, I stated the conditions that you must fulfill if you really want to become a full time trader. Say, you have fulfilled all of these conditions, then you are ready. Now the problem is, can your environment, maybe your family, friends accept this profession? Moreover, the trading profession is a profession that is still common, considered gambling by most Indonesian people.
On the one hand, the mindset and psychology of the Indonesian people are not used to seeing the work of full-time stock players. Indonesian people are faced with conditions every day where they work 8 hours a day, from morning to evening, from Monday-Friday or Monday-Saturday and have to grapple with traffic jams. This mindset has been formed in the minds of the Indonesian people, so if you work to earn money in front of your own home computer, and "just" click the Buy and Sell buttons, it feels very strange. Do you as a trader feel that you deserve to make money by trading?
Let's see....
INSTRUCTIONS OF BECOME A TRADER
I want to emphasize to you that the trading profession is not as easy and fun as you might think. If you want to decide to become a full time stock player, you will inevitably have to sit down in your office at home, analyzing good stocks. Even when the market closes, you have to select stocks to buy tomorrow. You have to constantly monitor, observe the news to decide which direction the JCI is moving, to decide which stock sectors are worth trading. You should even be able to decide whether you need to trade that day or not.
When in front of the monitor - buying and selling shares, called execution, you must be able to make quick decisions. You must be able to make a decision to buy, sell. You must be able to make quick and right decisions to take profit, to cut losses in order to protect your capital.
You will be faced with a decision that will confuse you, whether to sell or hold the shares you own. When your prediction is wrong, you have to make the right decision. When your prediction is correct, you should not get carried away by the market euphoria.
You have to keep updating your analysis if you want to make money trading. If I may equate, the profession of a full-time trader is actually the same as the profession of a broker or stock analyst. A broker must constantly update market information. Must have good stock information to buy from experienced analysts in his securities office. Likewise with a full time trader. So, being a trader is not an unemployed profession.
However, the difference is that the broker works in an official securities office by wearing formal clothes and working hours that have been set, while full-time traders work at home, can wear T-shirts and shorts. Full time stock players have more flexible time because they are less time bound.
The problem is that many Indonesians, especially people who are still unfamiliar with the existence of the capital market, have a strong mindset that they must work 8 hours a day. While the full time trader profession does not require you to work by such rules. This profession actually gives you more flexible time.
Through this post, I actually indirectly want to "promote" the full time trader profession. So that you do not think wrong about this profession. As I explained in the first post, that this profession is a promising profession. What I explained about the ins and outs of being a trader, at least gives you an idea that full time trading is a job. You can consider it if you want to be a stock player.
One more thing, for colleagues who have professions as full-time traders, or experience colleagues regarding success and experiences in the world of stock trading, colleagues can share their experiences. Please send your experience to the email: successlearningsaham@gmail.com. For those of you who send to my email, I will show your experiences in a post on this website..
