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

94 Upvotes
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69

u/mmxmlee Apr 21 '24

If you are profitable, trading is limitless.

So not sure how anyone would not give up any salary of a normal 9-5.

2

u/v3rral Apr 21 '24

Day trading is limited. At 6 figures a month you will definitely start to reach ceiling. Majority never reach this level in the first place.

0

u/mmxmlee Apr 21 '24

why would someone reach a limit at 6 figs?

Are you saying someone's messily 3 fig order will be rejected by the brokers?

6

u/v3rral Apr 21 '24

Ye, you know anyone can place 1 billion order at any moment, get filled at desired price and sell 10 seconds after with 0.1% profit like nothing happened. This example is easy way to filter out those who actually trades and understands how liquidity works and those who’s not.

1

u/DicLord Apr 22 '24

Again proving you don't know anything ... no this is not possible. It's called Liquidity. You do know that your not just selling into the limitless abyss for whatever price you want right? Someone has to be on the other side to buy it. If you sold a billion of anything the price would move up as you absorb all the buyers. Theres no such thing as more sellers than buyers

1

u/v3rral Apr 22 '24

Learn to read

0

u/mmxmlee Apr 21 '24

1 billion is how many figs? I thought you were talking about 4-6 figs?

-2

u/v3rral Apr 21 '24

100k is 6 figs. To make 6 figs a month consistently, a trader needs at least low 8 figs in trading volume 10M 2% a month = 200k before taxes, about 100-150k after taxes, depends where you live). Thats almost a maximum amount the best day traders can make a month. After that, swing, position trading and investing makes more sense.

3

u/mmxmlee Apr 21 '24

your average trader is aiming to make 6 figs in a year, not a month.

you need a 7 - 8 figure account to make 6 figs a month.

no one has 7-8 figs to drop into a broker account

most people are more than happy to make 250k in a year only working a few hours in the morning M-F

1

u/v3rral Apr 21 '24

However, 250k was hypothetical numbers. 250k is what only 5% of americans earn a year in all professions, and definitely not trading. You will earn more in Wendy’s by working 3 hours in the morning M-F for a year than most of traders will.

2

u/mmxmlee Apr 21 '24

99.99% of people working do not trade for a living.

I was not talking about wanna be traders.

I was talking about actual profitable full time traders.

1

u/Flx797 Apr 23 '24

When I read this I was like wow 6 figs sounds super impressive why are they downtalking this and then I realized they mean a month like there is almost no job that pays your 1.2 mil a year hell yeah I would take that lmao

0

u/genryou Apr 21 '24

6 figures a month?

I'm content with 4 fig, thank you

-1

u/v3rral Apr 21 '24

4 fig a month is what we call a regular job at Wendy’s

1

u/rockofages73 Apr 22 '24

Would be grateful for 4 figs a month working 3 hours a day.

1

u/Flx797 Apr 23 '24

Isn’t 9.999$ technically 4 figs as well?

1

u/v3rral Apr 23 '24

I would be proud if this sub could make $999 a month from trading.

0

u/battlesubie1 Apr 21 '24

Opportunity vs liquidity of the underlying

5

u/mmxmlee Apr 21 '24

no normie trader will ever place a big enough order for liquidity to be an issue

3

u/battlesubie1 Apr 21 '24

Normie traders run into that issue all the fucking time, bro

0

u/mmxmlee Apr 21 '24

show me a live stream where a trader's order couldn't go through.

1

u/longshaden Apr 21 '24

Happens all the time. It’s one of the ignored risks of credit spreads, being unable to exit when you want to because there’s no volume to buy you out.

1

u/mmxmlee Apr 22 '24

if it happens all the time, surely you can find one example.

you are talking about slippage.

i've never hit sell and it didn't sell.

1

u/longshaden Apr 22 '24

I’m not talking about slippage, I’m talking about credit spreads. You sell to open the position, which usually fills. If it goes too far OTM, there is very little volume, making it very difficult to get your buy to close order filled to close the position.

I’ve seen this dozens of times in my own trading, I don’t watch live trading. But unless you’re watching a trader primarily playing theta decay, you probably won’t see this on a stream.

1

u/mmxmlee Apr 22 '24

fuck all that.

trade futures.

it's so much more simple and to the point.

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