My job is holding me back

Monobrowtrading said:
You come around every month or so for a couple of days with the same old nonsense. You and that other limp piker, Laissez faire, offering your expert analysis then when shit goes against you, it’s excuse time. A day or two later you’re sniffing around the topstep forum. Rinse and repeat.
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Do you even trade? at all?
 
It's great to hear you had a successful trading week despite your challenges with COVID. Understandably, you might consider switching to trading full-time, especially if you find it more enjoyable and fulfilling. It's always a good idea to have a financial cushion before making a significant career change, so it's wise to aim for at least 12 months of expenses saved up. It's ultimately up to you to decide the right decision for you and your financial situation. Still, it's definitely worth considering the pros and cons and weighing your options carefully before making a final decision. Good luck with whatever you choose to do!
 
hilmy83 said:
What was the timeline that you are making 1-2k off of 50k?
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What ever it is, chances are it is meaningless. Making 40 to 80% a month, consistently for a retail trader is cloud cocku land. Sure it can be done sometimes, and even more than 80% in a month sometimes, if you have an outlier month and were also betting big (eg 5% a trade or more). It is just not going to happen consistently most months. Trading is just not that easy.
 
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Concinnity said:
I am really not, just a lot of the things people say here are very suspect and not congruent at all with active day trading. Most people speaking in terms of longer term trading and using time and account size as their edge, trying to pass off as active day traders and giving their tips and help to other's looking to day trade. It's just very odd and misleads a lot of retail smaller traders here. Pointless for me to debate this though, truly don't care enough.
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i think only market makers who receive bid/offer can do it: earn everyday. Goldman Sachs does it but they come in every morning knowing they will get 10-15mm in risk free commissions every day.

Further the firms that do do it (like Goldman, virtu, Susquehanna) require much more capital. I bet their returns on equity are closer to 20-30percent and ROIC is like .1percent.

Finally for these firms to be the consistent they have massive infrastructure.

Bottom line: I think you are grossly over estimating the consistency of your possible returns over many different market scenarios.
 
Businessman said:
What ever it is, chances are it is meaningless. Making 40 to 80% a month, consistently for a retail trader is cloud cocku land. Sure it can be done sometimes, and even more than 80% sometimes, if you have an outlier month and were betting big (5% a trade or more). Just not going to happen consistently most months.
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That's my point bruh

If he did it within 6 months, it's all recency bias.

But doing it for at least 1 year consistently...he's got something

3 years? I'll be his student
 
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