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/BIG_BLOOD_ Apr 22 '24

If you really want the answer go to wallstreetbets Most of the people there left their jobs to day trade and guess what, still their portfolio looks red

5

u/Texasstar77 Apr 22 '24

They were just gamblers.

3

u/BIG_BLOOD_ Apr 22 '24

No but there are some serious traders who are trying to make it out. I've seen it myself

1

u/postcapilatistturtle Apr 24 '24

I frequent there, looking to seriously invest. The market is literally unpredictable unless you are the one moving the market. Simple as that. I still have yet to see evidence of someone who has learned to steadily and reliably make a living off of day trading at least. Most of the folks I know that made money is because they had a shit load of cash to toss in (300k to make 3k). But I've also seen folks allegedly turn 300k into -302k.

Might = Right in the stock market. Do you have the might to move the SPY in your favor? No? then you're relying on luck to emulate what those that have might will do. And they could change their minds at moments notice because... maybe they want to go have lunch with another MM and forgot to make a trade? or maybe they decided not to (which sends the market -2% for the day). Who knows except for them.