How much profit makes daytrading worth it (as your only job)?

Quote from steeldust:



exactly. the only bs i have to put up with is what i create.
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right! so isn't there stress not to create bs for yourself? couldn't you self-destruct?
 
I know some guys working at Mickey D's on the overnite shift, and they daytrade during the day. Works out good for them because they have a steady income and they can still daytrde all day. For them its not the money but the freedom. :-/
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Anthor jobe beside trading, they will die soon.
 
Quote from market_man76:



If trading is stressful then you're not doing it right.
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If trading is NOT stressful, then you're probably trading in 100 share lots and losing $10 when you're wrong. When you start taking on serious positions or trade OPM (other people's money) then you'll learn what stress is. Or maybe you just have so much money that you don't give a shit and you're just trading for the entertainment value.

 
Vhehn:
everyone has a different opportunity cost. if you are highly educated and are capable of earning 100k+ plus as a salary you need a lot more profit to justify trading than someone who is retired or has low paid skills.
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An educated person would not work the night shift here and trade there if he/she can get something better through their education... opportunity costs never do seem to come into play when people give advice on message boards.

 
Quote from goldenarm:



If trading is NOT stressful, then you're probably trading in 100 share lots and losing $10 when you're wrong.
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Trading is only stressful if you aren't making enough $, if you trade other peoples money, or when mistakes/outages cost you money.
 
Quote from goldenarm:



If trading is NOT stressful, then you're probably trading in 100 share lots and losing $10 when you're wrong. When you start taking on serious positions or trade OPM (other people's money) then you'll learn what stress is. Or maybe you just have so much money that you don't give a shit and you're just trading for the entertainment value.

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Or maybe there is a stress free trading method .
Walter
 
Work evenings and nights as a gigilo and then trade during the day. As you make more money trading then you can be more selective in the evening gigs.
 
Quote from goldenarm:



If trading is NOT stressful, then you're probably trading in 100 share lots and losing $10 when you're wrong. When you start taking on serious positions or trade OPM (other people's money) then you'll learn what stress is. Or maybe you just have so much money that you don't give a shit and you're just trading for the entertainment value.

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....trading OPM ( whales ) is not as stressful as Trading with the rent money.....but i think as another poster pointed out...opportunity cost has to be factored in.... I don't care how much u love this game if you can make 200k on ur education and ur only pulling out 50k from the market after years of trading, u best reevaluate...but then of course not everyone thinks money is that important, until they have a family...:D
 
I have a degree and got offered a job at 40k right out of college. I turned it down to work for $8 an hour and try and make it as a trader while I pursue my ski bum career. Opportunity cost, baby.
 
Quote from vhehn:

everyone has a different opportunity cost. if you are highly educated and are capable of earning 100k+ plus as a salary you need a lot more profit to justify trading than someone who is retired or has low paid skills.
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so you're saying the only thing that matters is money? couldn't there be someone who gives up a 6 figure 'job' in exchange for trading at home with the freedom that provides even if it means earning less money? I know many many people who would kill for that.

also, education has nothing to do with making money. Are Gates or Dell 'highly educated'?
 
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