Should I Become a Trader or Stick to My Programmer Job?

Dilemma is an inescapable fact of life, especially when it comes to career decisions. Many individuals find themselves in a situation where they have to choose between two paths: becoming a trader or sticking with their current programmer job. In this article, we will discuss the pros and cons of each option, the potential risks, and the importance of making an informed decision based on personal goals and circumstances.

The World of Day Trading

Day trading, while alluring, is a highly risky and challenging endeavor. According to industry statistics, 90% of day traders eventually lose money. Those who survive and find success typically do so after years of experience and hard work. For most traders, setting up trades in the afternoons and reviewing the results when they get home from work is a common practice. However, the steady income from programming helps to ensure financial stability.

Advice for Aspiring Traders

If you are leaning towards becoming a trader, it is crucial to take a cautious and calculated approach. The risks of trading are significantly higher than those in programing, often leading to financial losses if not managed properly. It is advisable to first learn and gain experience through training, reading extensively, and finding a mentor to guide you.

Combining Careers to Your Advantage

It is possible to combine both fields. If your ultimate goal is to balance both pursuits, it is important to weigh the pros and cons of each path based on your personal priorities. Money might be a primary driver, but consider factors such as job satisfaction, risk tolerance, and long-term career goals.

The Programmer's Advantage

Sticking with your programmer job for a few more years can provide a solid foundation, especially if you are already in the industry. Over the past six years, you have worked on developing and supporting trading platforms, gaining valuable industry experience. This experience can be invaluable, even if you choose to pursue trading in the future.

One strategic approach is to combine your current programming job with a focus on quantitative subjects like mathematics and statistics. While coding may not have the same risks as trading, it offers more stability and career growth opportunities. Additionally, participating in junior level quantitative developer or trader positions can provide you with a foot in the door for the future.

Conclusion

In conclusion, the decision to become a trader or continue in a programmer role depends on individual circumstances and personal goals. It is essential to weigh the risks and benefits before making a decision. Whether you choose to take the plunge into trading or stick with your programmer job, remember that taking small steps is often better than taking a leap without preparation. Good luck with your career journey!