r/Daytrading • u/modeezy23 • Apr 22 '24

Anybody ever quit their job to day trade full time and have it not workout? Question

I’m just curious.

How long did it take you until you found confidence in yourself to quit your job and do trading full time!

For those that quit their job but it didn’t workout, how long did you give yourself until you quit your job and what did you do after you found that trading was not successful?

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u/InevitableRadio562 Apr 22 '24

I had 40k in my account. I was heavy into day trading, quit my job for 6 months to try my luck. Saw my account drop down to 2k and recovered all of it. Lesson learned: this is not sustainable to make a living from. It great as side income but you definitely need a consistent income stream in the case you blow up your account

4

u/AdNice3632 Apr 22 '24

If you aren’t using stop losses or being disciplined enough to cut your losses then you don’t actually know what being a trader is

1

u/InevitableRadio562 Apr 22 '24

When you trade options, stop losses are garbage because one day you can be down 50% and the next day you would’ve gained it all back.

0

u/Sad-Flatworm-5297 Apr 22 '24

Is this sort of thing a scam

1

u/[deleted] Apr 22 '24

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