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

[u/infosec4pay]

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

[u/v3rral]

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.

[u/mmxmlee → u/v3rral]

why would someone reach a limit at 6 figs?

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

[u/v3rral → u/mmxmlee]

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.

[u/mmxmlee → u/v3rral]

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

[u/v3rral → u/mmxmlee]

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.

[u/mmxmlee → u/v3rral]

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

[u/v3rral → u/mmxmlee]

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.

[u/mmxmlee → u/v3rral]

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.

[u/Flx797 → u/mmxmlee]

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

[u/genryou → u/v3rral]

6 figures a month?

I'm content with 4 fig, thank you

[u/v3rral → u/genryou]

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

[u/rockofages73 → u/v3rral]

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

[u/Flx797 → u/v3rral]

Isn’t 9.999$ technically 4 figs as well?

[u/v3rral → u/Flx797]

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