an insurable path u can try is perhaps give a shot to swing trading to see how u do it and since u wont have to quit ur job u can learn the discipline, psychology, risk etc before quitting and perhaps then transition to doing it fully
How much do day traders make
- Thread starter newdog
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an insurable path u can try is perhaps give a shot to swing trading to see how u do it and since u wont have to quit ur job u can learn the discipline, psychology, risk etc before quitting and perhaps then transition to doing it fully
'Regular dudes' are basically losers in this trading world
-- if you approach this game with that mindset, you are probably just already defeating yourself.The odds are definitely against you; very few will succeed in this trading game...for a host of reasons, or inevitable pitfalls.
To succeed in this game, in the long run, you need to be well-rounded and open-minded and agile and calm and wise.
The term 'alot' is subjective from person-to-person.
To do this for a living...you need to be a much better/highly skilled and aggressive trader...rather then someone who is just doing this to maybe swing trade or invest casually just hoping and praying in the end they will be marginally profitable.
I noticed you used the term "easily" ...there is nothing easy in this game -- the only thing easy is to lose money.
I would say the very top traders though make more than that "170-200k/year" range you mentioned. But this range is greatly skewed if you're looking for the average...because less than 1% of the traders make the bulk of the profits.
That above sentence makes me think of a pyramid triangle. ..the top tier point layer...if you inverse the triangle to a funnel...control 99% of the sand.
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'Regular dudes' are basically losers in this trading world
hahahahaha
I'm not completely convinced that most traders fail. If that were true, they would eventually run out of money and there would need to be a constant supply of new people / suckers coming into trading. But a lot of young people don't have money to trade so where's the new supply of capital to support the successful traders coming from? I suspect most people trying trading don't lose much, but don't gain anything either. The brokers (Etrade, TD Ameritrade, IB) have some interesting statistics. I'd be curious to see what they know. Although, if I was a broker, I'd just start mirroring whatever the more consistently successful traders are doing.
I agree that it's a lot easier to trade with a full time job vs. having to depend on income from trading to live off of. I'm able to take risks that I could not take if I depended on the capital and it doesn't impact my sleep at night.
I agree that it's a lot easier to trade with a full time job vs. having to depend on income from trading to live off of. I'm able to take risks that I could not take if I depended on the capital and it doesn't impact my sleep at night.
that is whats happening they lose then a new supply of money comes in, young people dont have money but also dont have much expenses so they can always lose steadily which adds up to big amounts, i know that was my case when i was losing money from age 18-26 i didnt have any but i had an income and i was able to add 500-1000 a month
That's crazy. I really don't see why someone with a 6-figure income doesn't try swing trading first while still working.
Trading looks easy. Instead its one of the hardest jobs there is. It is also highly addictive.
I felt really sad for this person, i could see how his life would play out.
4 years ago before he started trading full time, he was in his mid 30s with a good job and good money and good life savings. His life still ahead of him.
5 years from now (if he carries on this way) he will be mid forties, life savings will mostly be gone. Previous career in taters and a distant memory. No kids or family. Best years of his life behind him.
Why stay low profile? If a person has profitable trading methods why not share them? This is after all, a trading forum, right?