People who want to do a share market business full time often are tired of their day jobs and would like a change in lifestyle. After all, working at a dead end job all day is not exciting or enjoyable. They should start out with part-time trading. There are many benefits to this, and psychologically, this will allow them to adjust. However, there are also a number of disadvantages.
A person who cannot afford to quit his day job should consider starting a share market business full time. The risks involved are higher. Since there is no steady income from trading, the trader has to make decisions based on his/her emotional state, not on the fundamentals of trading. Hence, the trader may end up gaining little or losing a lot. In such a situation, it is better to make money than spend it.
If you can’t make enough money to sustain yourself in the long term, you should consider trading as a part-time or full-time occupation. This will allow you to earn money and still maintain a job. You will also have to deal with uncertainty and lack of job security. If you have to quit your day job, then this might not be the best choice for you.