Ok, but what about your job? When is a good time to quit it? And more importantly, should you quit it if you are successfully trading binary options? But on the other hand, maybe you started trading with the goal of quitting your job and sustaining yourself with the profit you make from binary options. Or maybe you are simply not decided yet. Coming home from work late in the afternoon and seeing you missed good trading opportunities can have a negative impact on your future trading decisions.

You could spend that time trading and making money. Another thing related to time is the fact that you could allocate more of it to learning and improving your skills.

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You cannot treat trading as gambling or a simple hobby anymore because your bills are paid straight from the trading business. The uncertainty of your income can affect negatively your trading.

This is something common among people who just quit their jobs to have more time to trade. Once you quit your job, you have roughly 10 more hours you can allocate to trading and this can make you want to trade more than normal. Having all that extra time can make you want to improve your trading system.

Although there is nothing wrong with improving something, trying too much to filter out bad trades can have a negative impact because those filters you apply indicators, extra rules for your strategy, etc. That means that your original strategy — the one you quit your job for — has now changed and so did its accuracy rate. Of course, this can be avoided if you trade only with top notch brokers so make sure you choose wisely.

Some people react positively to stress, meaning that when they are faced with an important task, they focus all their energy towards reaching their goal.

On the other hand, some people crumble under the pressure and the increased responsibility overwhelms them, pushing them to make bad trading decisions. It all comes down to what type of person you are. If you think you can deal with the pressure and your trading is successful, maybe quitting your job is a good option… otherwise, keep your job and think of trading as a side business.

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