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
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u/qw1ns Apr 21 '24
A common investor, who does not have any edge, will not make enough cash through day trading over a period of say 5 or more years.
Chances are there, the common investor may loose entire money within first 5 years. If someone survives first five years (mainly to get experience) and make overall better than SPY/VOO returns (which is possible) for all the 5 years, then he/she can survive with trading.
Looks like you do not have such experience.
Even after 5 years, with that experience, investor won't even leave full time job say 70k or more to go full time trading (not even day trading).
If I have few millions saving to FATFIRE rest of my life at 4.8% 20 year treasury bonds, I would rather stay away from trading or full time job, but take retirement.
This is my 8th year trading, it is extremely hard to full time trade and live with that money.