Sir, median household income in the US is ~$60K a year, top 10% is ~$120K threshold.
Trading is easy
- Thread starter dozu888
- Start date
250k as a contractor in software is easy if you're willing to deal with high school politics.
what high school lol.... lots of guys here code anyway, why waste time on IB API while you can make 125/hour
like noob said 250 is no biggie, certainly compared to making it in day trading.
forget 10%, you want to be the 1%.... the other 99% are losers.
8796? when did that happen?
anyway it's ok... lots of talk here but you can see most of people are still butt hurt empty handed.
I've been contracting for over ten years and unless you are in with the CEO you become a pawn in the office politics.
I've been paid to destroy departments. I've been paid to embarrass people. Of course I charged more than 250k lol. But I guess I just seek these type of contracts out. Someone who is happy to be a minion can easily pull 250k as a software contractor.
We can count on one hand maybe those making well over 6 figures day trading. Let's be honest, it is not about whether one can make money day trading, I know that you can and many here have experience to prove it.
But tick phucking is not an efficient way to make money. To spend 40-60 hours a week looking at charts and studying trades and watching screens to make $3k a month is not killing it. I bet if most of the magical day traders here took the hours they put in and divided it into the amount of actual money they make, the hourly wage would not rival a low paying job.
Look at how many beginners are pounding away for hours a day with their small accounts to be up a few grand and think they are making money. If they put the same amount of time in a business they would earn way more. I run two businesses and my best year trading never beat one of my best months now. Ok not everyone is in a position to start and grow a business, I get it. But many quit jobs making $20 - $40/hour if calculated to trade full time making half that thinking they are living the life.
I am not telling you that you cannot day trade and make money. I am telling you that to think you can do this for a "living" is ridiculous unless you are single, have no debt and are ok living like a pauper in your 20s. But no way you are having a girlfriend/wife/family and stuff tick phucking.
Given the traders I have ran across in my life, 99% who say so are lying. Most of the traders who are trading for a living as they claim, have side income, are wealthy from other sources or are supported by someone else.
You want to trade for a living? Stop these dreams of tick phucking for $125,000 a year. Could you have a $125,000 year? Sure. Can you do it annually over 5 -10 years and live well? No.
Anyone who says differently can never prove it to be honest. 1 - 2 years is not a living, they are simply good years. Every major trader in Forbes list is there because they created a business, i.e. trading company, and make their money form that while still trading. Warren Buffet is not rich from investing, investing is what he does with his billions he makes off of owning businesses. There is a difference even down to our level not working with billions.
Seen too many newbies chase the fantasy. Trading itself is hard enough, let's not pile on unrealistic expectations.
But tick phucking is not an efficient way to make money. To spend 40-60 hours a week looking at charts and studying trades and watching screens to make $3k a month is not killing it. I bet if most of the magical day traders here took the hours they put in and divided it into the amount of actual money they make, the hourly wage would not rival a low paying job.
Look at how many beginners are pounding away for hours a day with their small accounts to be up a few grand and think they are making money. If they put the same amount of time in a business they would earn way more. I run two businesses and my best year trading never beat one of my best months now. Ok not everyone is in a position to start and grow a business, I get it. But many quit jobs making $20 - $40/hour if calculated to trade full time making half that thinking they are living the life.
I am not telling you that you cannot day trade and make money. I am telling you that to think you can do this for a "living" is ridiculous unless you are single, have no debt and are ok living like a pauper in your 20s. But no way you are having a girlfriend/wife/family and stuff tick phucking.
Given the traders I have ran across in my life, 99% who say so are lying. Most of the traders who are trading for a living as they claim, have side income, are wealthy from other sources or are supported by someone else.
You want to trade for a living? Stop these dreams of tick phucking for $125,000 a year. Could you have a $125,000 year? Sure. Can you do it annually over 5 -10 years and live well? No.
Anyone who says differently can never prove it to be honest. 1 - 2 years is not a living, they are simply good years. Every major trader in Forbes list is there because they created a business, i.e. trading company, and make their money form that while still trading. Warren Buffet is not rich from investing, investing is what he does with his billions he makes off of owning businesses. There is a difference even down to our level not working with billions.
Seen too many newbies chase the fantasy. Trading itself is hard enough, let's not pile on unrealistic expectations.
Modern day traders trade rate spreads and rate and index futures outright. Can make 3k in one trade. Just because retards and academics try to pigeon hole 'daytraders' into a group of idiots punting on runner watchlists doesn't mean shit. Just shows how clueless people are.
Any real trader who prefers intraday action and knows markets can do better than 'tick fucking' for 3k a month. LOL
Tick fucking is my new favorite phrase.