1. This is one of those cases where over honesty is not necessary. You attempted self employment and it didn't work. Happens to lots of people and it's nothing to really be ashamed of.

  2. This is what I was thinking too, but they're going to want some crumb of information on what I was doing for 6 months. I wish I could show them the thousands of hours worth of daytrading notes, spreadsheets, analysis etc. but it's going to be worth nothing; nobody respects daytrading if you're not successful at it.

  3. Tried self employment. Didn't work as planned. Now looking for employment. What's dishonest about that?

  4. Don’t say anything. It’s a pandemic and employers know people stepped off the treadmill. If they ask, just say you had some family matters to tend to that have been resolved.

  5. Yeah 6months is nothing. I’d hurry and go get the interview cuz 6 looks better then 7 and 6 also kinda looks planned. It’s 2 quarters. Half a year. Man so many answers to that. Some people left for holiday. Abroad. Idk.

  6. Family matters is a good idea, thanks. Maybe I can say a close family member died and I took 6 months to collect my life, and maybe apply for a lower level position too so the standards aren't as high.

  7. I was in the exact same situation. In January I quit my job that I could no longer gain any meaningful experience from, I was successful at trading for 4 or 5 months and then markets started getting very difficult for me. I realized I was in over my head so I started applying for jobs again and started trading less. In my interviews I was actually completely honest and told them all of this. I think honesty goes along way, it takes balls to step out on your own and even bigger balls to realize when its time to throw in the towel. Regardless of the outcome, that was an experience that you probably took valuable lessons out of that can be applied in most jobs. One thing I did trading that seems to have helped in my new job is colecting and trending data, I had a spreadsheet that broke down all my trades in an attempt to analyze everything I was doing.

  8. It doesn't matter at this point, I'm out of money. Even if we fixed my problems, my living expenses will bring me under PDT within the next 2 months. To satisfy people's curiosity, I will at least say I don't think my problems are technical, but rather psychological / execution related. For the first 4 months, I averaged $500/day with a P:L of 3:1. I haven't changed my strategy or indicators or anything since then.

  9. First, make sure that you understand this for yourself - you quit your job and started day trading but after a few losing months, your losses, but also your bills/expenses are bringing your account value to below $25,000 - you totally overestimated your ability to make living with a such a small account. I am not sure about your expenses, but if they are say 50K, you need at least 700K bankroll to be comfortable and not panic like you did, and slightly outperform the general market. You were way undercapitalized.

  10. Don’t say you quite your job to day trade. Say your “side hobby” of trading was so succeful that it didn’t make sense to go to a job drive etc and you really enjoyed it. And learned a lot. But now you just want to get back out there. Maybe even say yeah I still dabble and bla bla bla. See that sounds a lot better. And you don’t have to say day trading. You can say trading or investing. Or combo of the both. Or just I played the stock market. Anyway. Good luck

  11. I see some people telling you to just be honest, but I would definitely advise do not. Most people are not going to be understanding (while this place does because guess what kinds of people are here). Come up with any reasonable story about taking a long break after a long project, not finding good offers while trying to make a career shift, etc.

  12. some people take years to figure it out. you started on the back end of a hot bull market which was a bit deceptive. 2020 to early 2022 has been an anomaly.

  13. My boss hired someone with a 3 year gap. He was honest and said he tried trading etc. My boss was looking for someone reliable and trust worthy.

  14. I quit my job and traded for eight months. I did not have much of a problem Explaining the gap. In the first interview/pre-interview I just said I left to pursue freelance work. When I was interviewing with the person who was actually going to make the decision I told the truth. Said I tried my hand at living off trading. I talked about all of the work I put into it, trade logs, back testing, risk management, researching strategies etc. etc. Employers are more interested that you still have your work ethic not that there was a gap.

  15. Are you a short biased trader? If not switch to a cash account and don't worry about PDT. Size down for a couple months to adjust your strategy and get back in there. Make life adjustments and decrease spending and keep trying. If your making $500 a day for 4 months and then go dry for 2 months you should still be swimming in piles of cash. Adjust your strategy and tighten your risk. But just remember the stock market is a gamble and 99% random. It might seem like there is a secret set up but there's not. The institutions control the market and if they want to dump 2 million shares to drop price or buy 2 million shares to ramp price they are going to do so at complete random times with no absolute reason to justify either or. But.. there are things called imbalances and mitigation that have to be filled. You find those areas and play off stop runs and you should have 90% accuracy.

  16. I would say at first, the pressure of quitting my job didn't bother me at all, because I had rigorously proven to myself that I had a chance by moonlighting trading before quitting. My job was incredibly stressful in itself and frankly, I hated life. Had no issue leaving it to give this a shot.

  17. Honestly (tho I’m not you) I don’t think you’ve failed at all. Most traders don’t see real successes until year three most of time. I think you may’ve put all your eggs into one basket too fast. I think all you need is, is to take a big step back. Size down. Look through your journals and charts to see what you’ve been doing to make you lose so much. I’m a year in so I know how it feels to be losing constantly. But because you’ve been profitable I’d say your on the brink of getting that financial freedom. Every business has its down period. If anything I’d take back up a job but just keep trading on the side. Trading’s a hard game that a lot of people’re SCARED to play. Remember that scared money struggles more. You’re in your debugging period. Study yourself here. The hard times’re where you’ll prosper from the most in the future

  18. why you need to give explanation for failure? Listen "I was self employed due to a unique opportunity given at the time, now I'm ready to move forward after successfully selling my business to pursue what I think is the road for long term commitment. Just make some shit up man, they don't care either.

  19. If they ask just tell them you spent a few months managing portfolios and other financial instruments and securities in the financial markets. This involved critically analyzing information and global economic effects in the economy on a day to day basis. A typical work day entails reviewing current news and data on various companies to capitalize on portfolio growth on a day to day basis

  20. I would just tell the truth, especially since you seem to be the type to overthink. You will get caught in your lie. Most employers wouldn't mind to hear about your trading story. If I were in your shoes, I would be honest and tell them in a playful manner that I tried my hand at daytrading under the supervision of a mentor, because I liked the challenge of learning about a new field, analyzing markets, charts, compiling statistics, etc. However, like 99% of traders, I failed to sustain myself on it and eventually found it too unstable to pursue long-term. Then tell them about how I find more security and professional development in software engineering, which is why I'm returning to the workforce.

  21. You day traded and it was great money and fun at first, but it bored you….the lack of creativity and monotony of it all was terrible…you’re welcome

  22. Easy - I went out an limb and tried self employment. Between the pandemic, crazy politics, I have now decided, I am happier in a Corporate environment.

  23. Don't tell them that it didn't work out, or that you lost money. Mention that you were successful enough at day trading to quit your day job, but that you realized you really missed working with a team/coming into the office/whatever. Make a joke: "my wife got sick of me!"

  24. Damn, dude - have some self respect lol. I hate to be blunt, but you're literally not the only person that's gone red day trading. Employment gap - say you sought opportunities to be self employed, but could not sustain meaningful income - if they try to dig deep, just say investments. Don't say you 'failed', and honestly don't even tell yourself you 'failed'. You LEARNED. Do you realize that NO successful trader has NOT been where you are RIGHT NOW?

  25. Just tell the truth. Most employers are morons who you don't want to work for /with. If you don't succeed at first, try again at trading. You don't have to day trade all the time by the way.

  26. Just say you took personal time off to fulfill your dream of traveling to multiple countries. That’s what I used to say when I had a 6 month employment gap like yourself, and no further questions were asked by the interviewer. In the event a recruiter was nosy, I always had 3 countries memorized in my head that I visited in the past that I would say I traveled to.

  27. Tell them you went back to school and did some Investment Banking courses to try and learn how the field meshes with software design. Talk about models, Fibonacci regressions etc etc, it will flow right out from all the stuff you have played with. They will be impressed!

  28. “I took time off to focus 100% on trading stocks. Started off really well, then it leveled off. And frankly, I miss this work.”

  29. Get that job, stack up, try again. Losing money is learning IMO, I lost a lot before I ever made any withdrawals. Now I’m steady. Only give it up if you can’t get yourself back to the drawing board

  30. Look up teddy roosevelts speech where he famously was quoted as saying ‘it’s not the critic who counts’.

  31. Bro, you'll get a job easily if you show the same commitment you have for daytrading as for this new job. If they decline u, bad for them, prove them wrong!

  32. Just say you took a break. I was out 5 months. Got the first job I applied to. I don't think employers care right now, they need bodies.

  33. "I had the opportunity to take time off because of good financial management on my part. (True because you had to have money to live while trading.) I used that time to further my skills in financial analysis and to develop new skills. However, I found that returning to regular employment suits me better because I missed the community feeling of a multi-person work environment."

  34. I took six months off to (insert thing like, write a book, record an album, write a movie) all of which are still in progress and I will be happy to show you once they are complete. 'I learned SO much. I had no idea I would need so much time!"

  35. The thing to tell the next employer is that you decided to go to into the trading business and unfortunantly it did not turn out as expected. Accept your business failed(this time) but point out what you learned along the way and how it helped you improve in certain aspects of your life.

  36. I'm pretty McDonald's already knows that those failed day traders will be back in the market so you won't have to explain yourself.

  37. Tell them you left to further your education in the financial sector, but it wasn’t for you. Not a lie.

  38. No one really asks tbh, I have gaps, never had anyone ask me about it in any interview. Basically I feel like no one actually reads my resume beyond my latest role.

  39. You’re definitely overthinking this. 6 months really is not that long. It’s pretty easy to just say the last job was too stressful for your liking and you wanted to take a little break before your next job. It’s actually totally normal and if you don’t believe me just look up work sabbatical.

  40. Be honest! I do the interviewing and hiring at my job and I can tell when people are B.S.ing me. I also think you are over thinking it. 6 months in the current state of our work force is nothing. My red flags are multiple jobs that were worked for a few months to less than a year (a lot of hopping around). You will be fine. But honestly truly is the best policy

  41. The job market is awesome at this time. Like mentioned, you explored self-employment and weren't comfortable continuing. I wouldn't stress. Employers are desperate.

  42. Hey bro, Look up Rande Howell, he's going to help you understand what is happening to you. Right know you're emotional, that sense of frustration it's not your fault, your brain is designed to do just that, but you have to understand right now that you have to take control of your mind, DO NOT listen to your inner critique, that inner voice telling you lots of different stupid things like you're not good enough or that you're not going to make it, BREATHE through your nose, recover your impartiality, don't be so hard on yourself man, tell me, how the F is that helping you in any way, you need to be patient! You need to practice the self-soothing of a care giver!! Rande Howell Is your guy my friend, listen to your psychology

  43. 6 months is a very short time to turn around. I'm glad you made the right decision and didn't waste much time.

  44. 6 months gap is nothing. I’m a Recruiter. Took a break is a sufficient response if anyone probes. “Travelled” if they probe further. “Here n There” if they probe further. “Oh! A lot of different places” if they probe even further.

  45. DONT GIVE UP. Keep studying, watching live markets etc and accumulate some capital from whatever job you find and come back! This is a marathon you can only lose by quitting. If this is something you want don’t let this hurdle stop you!

  46. I am fairly new to trading but I’d like to share my input. First off, you need to protect yourself financially and if you were a software engineer, I believe that the longer you are removed from that field the worse off you are. My recommendation is that you do what others have said, claim that you desired to peruse self employment but the timing and current events made self employment extremely difficult however you obtained experiences and knowledge (time management) that you would not have gotten otherwise. Employers wants to see that it was not a complete failure and in truth the current events have made the market difficult to navigate, so you are not lying either. If they ask be honest that you have/had a passion for finances and you had a great idea that you decided to peruse. I doubt they will dig any further.

  47. Six months explored options as an independent financial consultant and decided it was not for me. Or six month sabbatical and I exploted a variety of job options including list stuff including day trading and let them know the job you are applying for is your chosen career path

  48. Simple - you took the opportunity after a stressful 2 years to recharge and prepare for your next role, during this time you up skilled by .......some shit......visited areas of your country that you haven't had a chance to visit before and reconnect with people, listen to them and understand what the impact has been within a social context.

  49. Family affair that required you attention. Other than that, reorientation, breakup, being interested in stuff etc. Retreat, follow your passion bla bla.

  50. Dude I have interviewed several dozen people for my employer, and honestly this is the kind of thing you're allowed to lie about and I wouldn't be bothered if I found out someday after hiring you. It's as much personal as it is professional. So yeah, don't feel guilty about taking other people's suggestions and making something up.

  51. I actually did (and I am currently doing) something similar except its been almost 2 years now and I trade forex instead of stocks.

  52. Just be honest. Tell the person who might be hirin u that u failed at day trading aka self-employment. I kno it’s embarrassing but bein honest helps.

  53. 6 months is nothing, not worth justifying or lying. Just say you were looking for the right fit and which is why company X is so interesting to you.

  54. 6 months isn't that bad. You can tell a white lie, personal problems ( had to care for a sick loved one while they recovered from surgery).

  55. First of all don't beat yourself up too much; u need a fair bit of luck to succeed in any single window of time. Second, I don't see this as a negative to employers. It shows initiative and controlled risk taking. Good luck

  56. Employment gaps are not nearly as stigmatized as they once were. You can simply say you went out on your own to become self employed but it didn’t work out. Millions of people try it and reasonable employer understand this now.

  57. Can’t you just say you ran a small fund for yourself and friends/family that you had to unwind due to market conditions? Like Melvin capital on a smaller scale.

  58. “I chose to take time to focus on my family’s health, my own personal well being, and traveling the world before it was too late. I worked too hard to not enjoy life, so I did just that for a change. Now, I’m refreshed, recharged, hungry, and will bury bodies for my next employer, should they be lucky enough to snatch me off the job market.”

  59. I can smell the fear and desperation from your breath. Stop caring if other people will take you. Take the perspective of "they are lucky to get me" and then go into your interview. No matter what you win. Project confidence and you can go anywhere. That's probably why trading is hard. You trade with fear and desperation because you NEED a paycheck. Try putting it down for a while and only try 3 or 4 trades a month on your proven strategy. Go for a 80%winrate so strings of losses cant tilt you and go for like 1%risk 2% reward

  60. Im in the same field and just went through the same thing. Told them “I tried to start my own business but it turns out I’m a better engineer than salesman, haha” and I have a year gap. You will find something.

  61. You're overthinking it. Don't mention the gap, if they ask about it tell them you just wanted to take some time to yourself after you left your last gig and you played around in the stock market a bit while you were at it. It's the truth, and in the technology industry it's fairly common. Like others said, you're selling the resume, not the gaps.

  62. So interesting how many different roads there are in the world of trading. I've been at it for 2.5 years (mostly paper trading) and still not profitable. The idea that I would have been lucky enough to try and go pro and then fail within the time span of 1.5 years sounds outright impossible to me.

  63. I would say you spent some time trying to start up your own business but circumstances led to having to shut it down. I don’t think they’ll really need any specific details.

  64. Hey man don’t sweat it..most jobs do not care about anything right now..unless you are going into some nuclear type / engineering field then just talk in gray terms about your experiences but less timelines unless they ask. Also being positive and saying some variation of I’m “excited” to work here and thank you for the opportunity is all you really need to do to get a job. (Assume you already got it basically).

  65. Traveling. Load up Google Earth and load up a bunch of places you always wanted to go. Note the extreme detail, write those things down and memorize them. Then , on interview .. wax philosophic. "My time in Bangladesh was magical. There's this one little town, blah-blah-blah there with a statue of a bull in the center. Every suppertime the village gathered there and ...." .. kind of thing. Honestly I would pass on anyone that told me they failed at daytrading. It's too much like saying I failed to become a card counter or the like.

  66. I have this issue with some of my least successful projects, I suggest faking a short prison sentence for bestiality, if anyone asks a cow, sheep or a horse are acceptable dogs much less so. Just say you were a self employed consultant.

  67. You might tell the truth and say you were day trading but realized the time you had to spend was almost like 2 full-time jobs so you decided it wasnt worth it.

  68. The idea that a 6 month gap in employment even needs an explanation is further proof how toxic the American working culture is. Tell em you were doin a “Kerouac thing.”

  69. What strategy are you implementing? I’m sorry to hear about what you’re going through remember it was only 6months people take off longer especially after the whole Covid situation

  70. If you feel and think there is a stigma then be honest about what you feel makes sense. Focus on how you are employing the employer and what you bring to the table. A resume can highlight you as much as they want to see you as such.

  71. I would suggest you seek consultation with Satan, the true ruler of this world. He will be glad to assist. But only if he finds you to be worthy. 🤘😈

  72. Um why does this need to be said at all. You simply pursued other avenues for revenue regardless how it ended. Employers are starving for employees they will hire, I would disclose anything not their buisness and every1 makes money in a bull market bear is a very different story the market will bounce always does November is comming fast and bringing alot of change with it. Quit fukin beating urself up were all fukin down right now

  73. don’t give up on training, specially now that you demonstrated you can do it , its just a bad rally, but in the meantime, get a job a tell you tried to run a business or to be self employed but it hasn’t work out

  74. You don’t need to tell them you’ve failed. Just tell them you’re not turning enough profit to live off. Talk it up like it was a challenge. You didn’t fail, the goalposts moved. Take it from someone who took 6 months off and is now gainfully employed.

  75. You could just mention that you were self-employed or invested in something and now bc of inflation/recession/supply chain issues small businesses get swallowed. But nead to sound serious and interested in the job you are interviewing for. I daytraded for 3 months and then part time 30min to 1 hour a day for a year before i realized this was not my style of investment. It is good lesson and I don't regret having tried.

  76. Actually had a job interview where the interviewer saw that I had listed I was a trader and my average P&L. Basically the whole interview shifted from me trying to sell myself to investments and her portfolio. Let’s just say I had the job mid way. She was managing close to $100k of her own money

  77. Being a trader is equal to entrepreneurship/startup/running a business. Put something suitable in the lines of financial services or financial consultning services, etc.

  78. I will just leave that employment as gap. You do not want to tell people you went into stock trading. Had I known someone was doing it I will not hire the guy. Likely spend company time trading stocks on the job.

  79. You tried something. It worked well for a while, then it didn’t. You saw how dangerous this profession is to mental and physical health, and have chosen to do something else. No shame in honesty.

  80. My opinion, be open about it. Your boss would rather have someone who can tell them somethings wrong than hide it from them. I might add, the willingness to hide mistakes might very well be an important factor in your account drawdown.

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