Any traders/investors trade the stock market full time?

[Timmy]

Re: Any traders/investors trade the stock full time

The perception that a businesses is easier money and easier work is wrong.
If you get trading right nothing else will provide you with the freedom. Not your own business not by a long shot. I have done both successful and not so successful but trading done full time and done right IMHO wins hands down. And you don't need a spare 5 mil laying around (although it would help)


Nizar $10k a week your setting your sights to low.

This thread has become very interesting.

Trembling Hand, I see from your website you are a trader of mostly Australian intraday futures. Is your 10K a week too low in reference to trading the SPI? What would be a good target to aim for in the SPI? I ask because of the level of liquidity in the SPI is relatively low compared to other index futures globally and I would be interested in your comments on this if you don't mind? Thanks.

 

[lau_gue]

Hi,

As mentioned in previous posts it all depends how much capital you have to start with. Therefore the more interesting question is what sort of percentage return does the average trader make and what sort of percentage return can a good trader reasonably expect.

Of course this percentage also depends on what the market has been doing so it is more meaningful to express the returns in terms of the all ords index.

So for example, if the All Ords increases 13% per year can the average trader expect to return 1.5 times the AllOrds? And a good trader expect to return 5 times the all ords?

I am just starting out in the stock market with < 50K capital and I was just going to invest it and leave it but the more I get into it the more I think I'd like to get into trading. The problem is that at the moment I don't know whether it is really worth all the hassle. If the average trader only makes 1.5 times the All ords then its not so attractive, but if the average trader makes more than 2 times the all ords then it starts to look a lot better.

Thanks for any feedback.

 

[Trembling Hand]

Re: Any traders/investors trade the stock full time

This thread has become very interesting.

Trembling Hand, I see from your website you are a trader of mostly Australian intraday futures. Is your 10K a week too low in reference to trading the SPI? What would be a good target to aim for in the SPI? I ask because of the level of liquidity in the SPI is relatively low compared to other index futures globally and I would be interested in your comments on this if you don't mind? Thanks.

A good aim is not to lose that’s hard enough. But really there is plenty of liquidity in the SPI. 15000 contracts avg per day. with about 10 to 30 avg sitting on the bid/ask that’s more than enough to get you busy. If you traded 5 lots per trade you just need to take out 15 odd points per day avg to make $10k per week.
Easily said but not so easily done but the point is as a business that’s a reasonably big business that you would need to take similar profit from per week and businesses like that are hard to run and need a big commitment time wise.

I got to say that I now trade more than just the SPI. I'm now doing more on the HSI, the SPI is just a warm up before the fun starts on the Hong Kong market

 

[bevo]

hang in there. we are retired and spent a few years building an income portfolio while we were working, and now we just live, and live well - especially with the extra franking credits and changes to the superanuation laws we collect a reasonable income. I still watch the ASX very carefully and move in and out of companies as i see the need

 

[Timmy]

Thanks for the reply TH, appreciate it.

 

[adobee]

I was of the impression full time meant - trading is your main form of income.. ie this is what you do and thats it.. not that you spend all day doing it. Part time i thought meant still hold a job and trade on the side.. I have some friends who trade in my opinion full time (they dont have other work however they will only be on the computer for 2 hours aday) mainly trading larger companies..

I would aim to trade full time i,e full time investor - spend couple of hours checking investments making trades and rest of the day relaxing .. thus i have to work hard for the capital base to do this in the first place.

 

[yonnie]

timmy,

I only do ASX shares without leverage and trading 6 figures.
100%+yearly return on your capital is possible.
am still fine-tuning and it takes a long time to get really sharp.
changes in the market place and even going over to a new broker have their own challenges.

but apart from capital, you got to do the research and get years of experience under your belt before you can smell consistent success.

until then, you better trade lightly.