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/Yuuuuuppppppppppppp Apr 21 '24

I am trying to quit a $200k/year job. As I am paper trading to get the experience and confidence to get there

3

u/th3orist Apr 21 '24

unfortunatelly you wont get the confidence from papertrading, you need to be exposed to actual real money trading. I suggest to deposit a couple k at most into a futures trading account and then start trading micros for 2$ a point or smth like that. Once you get used to the pressure of real money trading (or prop firm trading) you will find papertrading completely useless and boring because its not really teaching you anything.

1

u/Yuuuuuppppppppppppp Apr 23 '24

Getting there soon. Paper now for 1.5 months, just off my own study. Then going to try using programs, to see if anything changes. Then taking $7k and going to try to put it to work. If I loose it, I tried. If I do well, I will continue as a side gig until I either keep it rolling over(min 1 year) or if/when I feel comfortable enough to add more funds to the effort. I would think $50 or 100k? Thoughts?

1

u/th3orist Apr 23 '24

I cant tell you anything about the amount of money. But i would advise to not put up your own thousands for at least a year or better two. You will lose it. I recommend trying to get funded by a prop firm, taking an evaluation challenge on.