Do you rely on your trading to put food on the table?

[SunTrader]

Use to be an old diner in Truckee that served a pretty good dose of chicken-fried steak, can’t remember the damn name..it’s probably gone and turned into a fluff cafe.

Beats me but "Our Father" made me eat my lunch too many times to count.

 

[destriero]

Not quite true sir. Even if you are a single person corporation, you can set up your 401K/pension. Lots of physicians do that. Or you can also set up a SEP if you are a sole proprietorship. After I quit my day job years ago, I had a SEP for years.

That's not the point. He doesn't have any corp. Docs and lawyers do it bc they can't contribute more than (they can) to an IRA.

 

[ironchef]

Trading a 401(k) is typically limited to longs-only. The VAST majority of 401(k) plans are MF only.

Very true, except you are also allowed to do covered calls.

 

[destriero]

Very true, except you are also allowed to do covered calls.

Not with netbenefits, for one.

 

[treeman]

I dont know what the dude is or isn’t doing, and I’m inclined to think he’s full of it (at the very least there’s a ton that doesn’t add up), but rollovers exist. Who cares though?

If it’s the diner in downtown truckee, it is pretty filthy.

 

[drcha]

Not fully, as I am still working. I rely on it to put wine, fine food, and first-class flights on the table.

 

[manonfire]

I find that most people who have the tenacity and intelligence to successfully trade full time apply the same to other hustles and investments with excess capital. If you really haven’t had much success in other areas of your life don’t suddenly expect to find it trading.

 

[HobbyTrading]

No. By far the largest portion of my annual income comes from "long term buy&hold investment" kind of things. The profit from trading is just the extra "icing on the cake".

 

[dozu888]

this is a game of chicken.... having the extra pressure to put food on the table? you will lose for sure.

 

[d08]

Never earned significant money from employment. But if I had a re-do, I'm not sure I'd choose trading over a decent job. You can put a lot of time and energy into trading but results don't reflect this. It fucks with our primary mindset of work hard+work smart=success.