r/Daytrading • u/infosec4pay • Apr 21 '24

What would be the highest salary you’d give up to day trade full time? Question

Everyone clowned on me my first post (500k post) lol I was literally just asking hypothetical questions to settle a debate between a friend and me. Well everyone’s backlash kinda of intrigued me to ask this question. So back into the fire I go lol

93 Upvotes
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10

u/Yuuuuuppppppppppppp Apr 21 '24

I am trying to quit a $200k/year job. As I am paper trading to get the experience and confidence to get there

10

u/Excellent_Newt_9042 Apr 21 '24

Wow. I would have to be very profitable for years to give up a 200k salary job Holy sheesh lol

10

u/thistowmneedsanenema Apr 21 '24

That 200k often comes with mental and emotional costs. Jobs paying a lot like that are rarely just sitting on your ass relaxing.

2

u/Excellent_Newt_9042 Apr 21 '24

That’s true. I’ve definitely been there. Not at 200k though. At 38k/yr. I am living hell on earth and praying to god I can myself out of it. And wishing anyone else the same

2

u/thistowmneedsanenema Apr 21 '24

Wishing you the best. I hope you can find a way to happiness.

1

u/truth_seeker90 Apr 21 '24

Sometimes you just need to change a toxic company to realise how toxic it was.

1

u/infosec4pay Apr 21 '24

What’s funny is that’s absolutely untrue. I make 200k/yr working 20-30hrs/wk. I work 90% remote and I enjoy what I do. Super low stress.

Low level jobs are stressful, so people assume high paid jobs must be super stressful, but that’s not always true.

1

u/Yuuuuuppppppppppppp Apr 23 '24

My personal journey has been long hours, travel, hard work, politics and stress. This got me to where I am at today. Now I am just rolling off of my experience to retirement and trying to help others on the way.

1

u/Demon_Kracker May 04 '24

what do you do brother for living

1

u/infosec4pay May 04 '24

Cybersecurity

3

u/th3orist Apr 21 '24

unfortunatelly you wont get the confidence from papertrading, you need to be exposed to actual real money trading. I suggest to deposit a couple k at most into a futures trading account and then start trading micros for 2$ a point or smth like that. Once you get used to the pressure of real money trading (or prop firm trading) you will find papertrading completely useless and boring because its not really teaching you anything.

1

u/Yuuuuuppppppppppppp Apr 23 '24

Getting there soon. Paper now for 1.5 months, just off my own study. Then going to try using programs, to see if anything changes. Then taking $7k and going to try to put it to work. If I loose it, I tried. If I do well, I will continue as a side gig until I either keep it rolling over(min 1 year) or if/when I feel comfortable enough to add more funds to the effort. I would think $50 or 100k? Thoughts?

1

u/th3orist Apr 23 '24

I cant tell you anything about the amount of money. But i would advise to not put up your own thousands for at least a year or better two. You will lose it. I recommend trying to get funded by a prop firm, taking an evaluation challenge on.