Well your opinion is kinda detrimental and has no value. I mean I should have figured that out when it was disclosed that you have a measly 30k trading account. It's funny how you try to bring up trading experience when you barely have any.
The kid that made 1k a day, was making double that when the bullets were hot. He owns his own beautiful place in Brooklyn and saved enough money to sit on his ass for 10 years and not work. Oh yeah did, I mention he was 20 when he started? Not bad to be making a quarter of a million dollars after 8 months of making nothing.
Oh yeah, in NYC a quarter million dollars means squat right? You gotta be making millions a year to live in this city. Well here is a reality check, most ppl making that type of money in NYC got it through NEPOTISM/INHERITANCE. So for those that come from real life and not sheltered connections, 1k average a day is pretty damn good, don't you think?
Do you live in the city TF? I'm pretty aware of what people make around here since I been living here for 5 years. Ever been to LES/East Village? Ever wonder what those people make, cause it aint even 50k a year and they manage to have several kids.
The illusion that you need absurd amounts of money to survive here comes from those that have little or no clue about how ppl live here. Think of who really populates this city before you state that 100k a year is worth shit here.
Why is there also this assumption that ALL day traders sit there day after day doing the same monkey trading until they burn out. Some do yes. But not all. TF you do not know what I do with my money, how I invest it, what I research and what my bigger plans are. There are so many new markets out there, you're telling me a trader is bound to fail no matter what he does?
"$6-7k a month is not even worth looking at a computer screen all day. A good secretary on wall street will make more than that.. "
Hmm ok. What's the last time you worked in a corporate? My last job was $25 an hour at UBS of doing nothing but working on a computer for 7.25 hours. The I-Bankers stare at the screen for 12-16 hours if not more. Look at their success rates and the price they pay. Almost any corporate job nowdays requires sitting at the computer for at least half your working hours.
7k*12=84k a year. Wall Street/I-Bank secretaries make somewhere between 60-90k plus bonus. So yeah I guess if you can get a sex transplant and a boob job, go be a Wall Street secretary. You get to stare at the computer as well, but then don't forget those little quirks like answering the phone, endless paperwork & having to flirt with your boss.
"How many businesses do you know where u can click one button and in 5 minutes your entire life's earnings can be washed away?"
Well, first of all, you would be an idiot for ever risking your life savings and second of all, you would be an idiot for taking trades with such crazy odds. Oh and btw, many businessmen end up blowing out, going bankrupt and losing their personal assets over silly little screw ups that end up haunting them.
"How many businesses do u know require you to compete everyday with some of the smartest people in the world... that have much better information.. more resources and in some cases a much greater edge than u?? U think u can compare this to your typical Joe starting a plumbing supply store or pizza shop?? What a joke."
Ever think about Pizza Hut/Dominoes corporates vs a small pizza shop? Odds are kinda way way out of the small guy's favor.
And did you ever think to realize the advantages that the day trader has over the masses and those Ameritrade jokers? Does it even matter, there is so much money out there in the markets for those that know how to extract it. It's just a big pool of money where everyone is trying to psyche and cheat everyone else out of it. It's a market, like any market of the past where only goods were traded. That's the real edge, not some crazy system that blows out when the market goes from bull to sideways or bear.
I dunno man, you need to get the doom & gloom scenario out of your head. Why do you even try to trade anyway?
