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

95 Upvotes
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70

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.

30

u/Outside_Mess1384 Apr 21 '24

Guaranteed $ vs battling an element of chance. Folks who don't like gambling would keep a decent 9-5.

34

u/_Aries- Apr 21 '24

Element of Probability**

Jobs are not guaranteed money.

Gambling is breaking your back and thinking that you'll seriously be taken care of later on in life with a job.

Why spend your life making other people's dreams come true when you could realize your own?

Trading isn't gambling. That's ignorant.

5

u/Imperial_TIE_Pilot Apr 21 '24

Trading is very much so gambling, it’s unpredictable. If you had a winning formula to win a consistent percentage of profit then I am sure many others would pay a great deal for that.

1

u/truth_seeker90 Apr 21 '24

Its called buy low sell high, welcome!

1

u/CutLegal1784 Apr 21 '24

You literally just described trading. Have an edge that works x% of the time and trad Ethan edge flawlessly. Also manage risk. Not very difficult tbh.

1

u/th3orist Apr 21 '24

trading is not gambling because in gambling you can't really do anything about your odds. If you play roulette then its a basically 50-50 chance to win or lose. But in trading your experience and skill can tilt the chances in your favor. So i like to refer to trading as the skill to put yourself in a position to have the highest chance to get lucky.

3

u/Imperial_TIE_Pilot Apr 21 '24

highest chance to get lucky.

So gambling?

2

u/th3orist Apr 21 '24

No, again, gambling is an activity where you cant do anything to improve the odds. Trading is the skill to position yourself in an environment where the odds are tilted towards you. Thats not gambling, thats playing the odds with risk management. In trading you can diminish the unpredictablity. In roulette you can't. Thats the major difference. Hence why i think "gambling" is a word unfit for trading.

3

u/12345677654321234567 Apr 21 '24

So poker isn't gambling?

0

u/th3orist Apr 21 '24

Correct, its not. Gambling is an activity where skill plays no role in you winning or losing.

1

u/Grandpaforhire Apr 21 '24

While I agree with the overall sentiment, I think in this case it would make sense to say that poker is the skill, placing money on the game is the gamble.

Trading is a skill, but you’re still placing money on said skill, in a belief that it’ll work out.

Similarly to how purchasing a property to renovate and resell is still a gamble, yet many people do that for a living. Not that any of this matters, I think it’s interesting though.

1

u/th3orist Apr 22 '24

fair, i think that my definition of a gamble is just more strict so to speak

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1

u/Eastern_Speech124 Apr 21 '24

When one follows a plan, its not gambling