There is a big difference between trading to make more money, dealing full-time, and trading to pay the monthly bills.

The first thing to consider is whether or not your calculations are plausible. If your living expenses are $ 4,000 / month and your trading account is $ 50,000, you will burn all your capital in a year with constant profits.

You will need to make a profit of 10% / month to cover your monthly bills and keep the margin safe.

Those profits will make you one of the top traders in the world and almost impossible when you see the world's top traders or investors with returns on average 20-30% per year...

Most traders do not trade to pay their bills, the majority of legendary traders are capital managers or work for banks, trading companies, or in the financial industry.

To be a full-time trader takes a long journey, not a quick jump.

So let's see what you need to seriously consider when considering trading as your full-time job!

1. You will need enough trading capital to increase the likelihood of success. This depends on your profitability and living expenses, but for most people, this is usually a 6-digit multiple. Trading must be properly capitalized to generate full-time income like any other business.

2. The more you minimize your living expenses, the less you need to make money from this full-time job. If your living expenses have been paid off and you have no outstanding or no car payments, the process will be a lot easier.

3. You need to save monthly living expenses plus your trading account to buffer between due bills and your trading profits.

4. Don't underestimate the pressure and stress you will be under to make a profit, as this is your job. Plan to manage your psychology before this new pressure and avoid falling into bad trading habits due to too much desire to make something happen.

5. Plan your drawdowns and chain of losses. The only trader to claim a steady win every month is Bernie Madoff and he is an investment scammer. He is not real, just like all other Traders claim there is never a month of loss!

6. Trading is a sedentary lifestyle, so you also need to make an exercise plan to turn it into your routine.

7. Trading can be isolated, so it's nice to have fellow brothers to chat every day to help you in your journey.

8. You must buy your own independent health insurance because your employer is now yourself!

9. You consider the tax effect on capital gains and possibly your tax bill payment at the end of each year. Most traders need a CPA certificate to pay their taxes due to the complexity of different timeframes and dividends.