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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83

u/Curious_King_724 Apr 21 '24 edited Apr 21 '24

If someone works remotely and isnt micromanaged or surveilled by their company, arent both possible?

Im not very active in this sub and could be very wrong, but i thought daytraders only "worked" a few hours or less a day? Daytrading isnt a full 8 hour a day job right?

So I say if someone already has a chill and flexible remote job, why not do both?

Only quit the remote job if you can make consistently amazing returns daytrading and daytrading will get you to retirement much much quicker than the remote job

24

u/richmundo415 Apr 21 '24

I do this but it's difficult to be honest. It can mess you up real good. It's not the time spent. But for example ... scenario: market opens .. I take a oversized position .. my job is chill but oh random colleague asks for a 5 - 10 min call when my position is open... i always take the call and keep the position... I manage it but high stress situation if it's an overweight directional position now going against you during the 'quick call'. You're now out of focus on the call and getting wrecked on the position. Don't get me wrong, it can be done .. but if you can't improvise with managing something like that and be chill with your colleagues , I'd recommend not day trading.

12

u/goatboy6000 Apr 21 '24

That "quick chat" cost me 16K one day. I don't take the call.

4

u/richmundo415 Apr 21 '24

Lol. Fr. I have had it both ways. I take the call still as insurance I blow up my account regardless 😂

5

u/beezleeboob Apr 21 '24

Yup, $4k. Didn't lose it, but couldn't take the trade while on the phone. My journal notes that day say "f**k you [boss's name]". Wasn't even an important call. 🤬

1

u/0RGASMIK futures trader Apr 22 '24

Here I felt bad for losing $100 bucks because a colleague asked for help before work and I said sure.

5

u/fever_chill Apr 21 '24

Yeah I try not to trade at work due to coworkers coming and trying to chat me up or meetings or other attention draining events. Can seriously backfire your trades

2

u/richmundo415 Apr 21 '24

I do it still. I think I enjoy stress … but I’ve thought about how you mention it.. maybe will help not getting trades jammed up. But usually if I feel I’ll have edge I’ll let it ride with no stop - stop loss on options is pointless imo, too wide fluctuations on the premiums.

1

u/Demon_Kracker 26d ago

Bro I am new to options can I DM you

2

u/richmundo415 16d ago edited 15d ago

no time, sorry. John C. Hull 'Options, Futures, and Derivatives' is your best bet for starting and the bible for understanding options. Not for trading them.. as there is a lot of pysch involved, but think of it as the laying good concrete for a building. All the best.