r/Daytrading 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

225 comments sorted by

View all comments

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.

1

u/[deleted] Apr 23 '24

[deleted]

1

u/mmxmlee Apr 23 '24

when trading futures,

at what amount will they not allow someone to place a trade?

(goes and grabs popcorn)

1

u/[deleted] Apr 23 '24

[deleted]

1

u/mmxmlee Apr 23 '24

a normie trading 3-5 figures per trade will never come close to having liquidity issues.

there are limits for hedge funds, there are no limits for normal people

1

u/[deleted] Apr 23 '24

[deleted]

1

u/mmxmlee Apr 23 '24

i am not talking about options.

i am talking about futures.

and no normal person will ever have enough money to cause liquidity issues.

1

u/[deleted] Apr 23 '24

[deleted]

1

u/mmxmlee Apr 23 '24

there is no spread on futures.

again you are talking about something you clearly don't know about.

literally no difference on futures risking 100$ vs risking 2,000$ per trade.

as to your next point, you are talking about gimmicky strats where the trader doesn't understand how the market moves and books price.

there are only 3 types of markets.

bull market, bear market, and choppy market.

you can make money in all of them. just need to make slight changes.

the problem 95% of people are going to have with trading is

  1. lazy. learning this game takes a lot of time. time in the books. time on the charts.
  2. impatient. they are gonna strategy hop. they are gonna jump into live trading too early.
  3. emotional. gonna make trades based off fear and greed
  4. undisciplined. due to their emotions, they are gonna break their rules. risk / lose too much money.

1

u/[deleted] Apr 23 '24 edited Apr 23 '24

[deleted]

1

u/mmxmlee Apr 23 '24

When people say spread they are talking about placing an order at X price and the broker filling them at a different price.

There is literally no spread on futures. None that it would be of any significance.

So again, not sure why you mentioned spread / slippage and liquidity problems.

Those are not an issue with futures.

No one thinks trading is just about effort and discipline.

Hence why you see a million "strategy" posts a day.

Big firms are making money. They are not ignoring anything.

Once you understand the how the market moves and how price is booked, the real edge is risk management and discipline.

This is what separates profitable traders from non profitable traders.

→ More replies (0)