Can your wife day trade your strategy if you take the job?
Last edited:
How much do you aspire to make per year trading
- Thread starter Millionaire
- Start date
- Status
Not sure he would be infringing any laws in this case. He would get fired but not a problem for him.
Hmm I believe household members are under the same restrictions but I'm not married anymore anyway
Would you care to expand on your thoughts here? If adding size is done gradually it would seem like the same relaxed trading would continue and it would not explode your mind like you suggest.
If I may chime in here....it's because he (Overnight) basically doesn't know what he is doing. And he realizes he's just gambling and his occasional wins are merely based on luck. The simple law of averages and numbers.
That's why he's scared and so nervous to add on size, grow his account and trades, and compound the overall process.
Not knowing much about the job or if there would be any value with the job beyond $$$, I personally would never take it if you're doing as well as you say you are with trading (I happen to believe you) even if you're currently earning considerably less as a trader. For me, a large part of the motivation to be a trader is to not be part of the workforce and to not have a f''king boss, i.e., the independence.
The subject of alternative cost was mentioned earlier and I think it's an interesting one. At least up to a certain point.
Personally, I would feel my time is wasted if I'm trading 1 MES and grossing 50 points per week. If I could gross 50 points on > 2 ES contracts it's a different matter entirely.
900K per year could make sense short term if you could save up a substantial amount of that for trading, but it seems like there's a cost as well if you have to put your current profitable trading operation on hold and risk getting rusty, etc. Might be better to just keep what you're doing and compound your size. Slowly.
It seems like you guys in the US have the opportunity to get some crazy salaries. Here in Norway, most people max out at 105-160K per year. 100K would be considered a very good salary.
I'd say a salary above 200K is very, very rare. 900K would be extremely rare for a regular employee collecting a paycheck.
If I personally had the opportunity I would easily do a lot to collect a 900K paycheck for a year or two while trading on the side and build trading capital that way. However, as the situation is different with you already having a good capital base as I understand it I would probably not do it.
Nooby, Even though you have averaged 300K over the last three years trading 2 to 6 contracts, you indicated that you are still not 100% sure you have trading nailed. If you did there would be no decision to make because you could easily triple your size without even moving the market.
I'd say the first 2/3 of the trading was not professional. Only now do I feel I have a professional handle on it as arrogant as that sounds. That feeling itself is very new. So am I right or not? I don't know.
Yes it's a very good salary and there may be reasons it doesn't work out.
The main factors leaning towards the job are obviously with that level of pay I don't need to care about many things, but another major one is I am looking for a change in life anyway. If the job doesn't work out, the trading will still be there. The converse may not necessarily be true.
The best part of all this... My living costs are like $50K.
Focus is better put on what you have control over like protecting the down side, do this & the upside takes care of itself.
Focusing on how much you hope to make tends to have the opposite effect.
https://theprolifictrader.com/focus-on-the-trading/
Focusing on how much you hope to make tends to have the opposite effect.
https://theprolifictrader.com/focus-on-the-trading/
Last edited:
- Status