Anyone not making 200k a year from trading is a piker

Serious answers please - A successful trader is a piker

  • if he makes less than 100k a year

    Votes: 38 52.8%
  • if he makes less than 200k a year

    Votes: 7 9.7%
  • if he makes less than 300k a year

    Votes: 6 8.3%
  • if he makes less than 500k a year

    Votes: 21 29.2%

  • Total voters
    72
Quote from DHOHHI:

7 figures? Not true. I've been trading full time 17+ years. I had a good secure corporate job prior to that. I would first ask WHY you'd need 7 figures to live? Unless you're into a highly materialistic lifestyle you wouldn't need that level income. I live right on the ocean in the southeast US ... no debt of any sort. Right now I'm spending a month in Maine with my wife on the ocean. I can trade wherever I want. Can the engineer, VP or other highly paid employee go wherever they want to work? Can they work only days they want? There's a lot more to life than $$$ ... the freedom trading offers can't be measured in dollars IMO. Later this morning I'll go for a run and then out kayaking. Then maybe trade a little more in the afternoon. Corporate life didn't offer that and I had both flex time and ran my own projects.

You have a valid point. I was just giving a solid example to support ssrrkk points about well-paying corporate jobs making trading a mute point. Yes, it's true it's hard to get those jobs. And not everyone will qualified or have the experience to get those.
My point was NOT that people should aim for 7 figure salaries! My point was about equivalent reward for commensurate risk.

However, even an average mid-level technical knowledge worker(software eng, managers, high level analysts,etc.) still make at least low six figures(100K++ bonuses and benefits,etc.)

I think it will be hard pressed for a daytrader to be consistently making 100K+ on a 10K or 30K account. Even with OPM at prop, it would be difficult.

I can say this is because I've been on both side of the fence(prop and corporate).

To those traders who can consistently crank out low six figures earnings year after year, then hats off to them. They have an enviably lifestyle and freedom that few corporate employees enjoy.

Life is about tradeoffs. You just make your choices and live with it. Or straddle both worlds but not mastering any.
 
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