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Re: Who trades fulltime?
Only those who go in bright eyed bushy tailed and choose the SPI
Only those who go in bright eyed bushy tailed and choose the SPI
Where are these idiots who would choose this as a professional career?
Especially the discretionary proprietary futures type:
don't know why anyone would want to trade fulltime
worst gig in the world
I wonder if the thread title is actually misleading (or perhaps it does actually mean what it says)?Agree
Couldnt think of anything worse.
I have no desire or intention.
As to how much youd need its like any business MOST are initially under capitalised.
If you bought any business how much would you expect to make in profit investing $40k in it?
The business average for a good one with a proven return is 30% on capital
so for $100K thats $350K initial capital.
My own business has 6x that in capital invested and a commensurate return.
After working 30 yrs to get there why on earth would I (Or anyone else in a similar position) want to trade for a living!
Only those who go in bright eyed bushy tailed and choose the SPI:
I wonder if the thread title is actually misleading (or perhaps it does actually mean what it says)?
i.e. imo it would be impossibly boring to "full time" trade if that means sitting at a computer for eight or more hours per day, that being the common definition of 'full time'.
Such a thread title implies that by 'full time trading' you are able to support yourself and need no other job. Fairly obviously this could well be as much a matter of level of capital as of any particular skill.
If you have enough capital you can easily support yourself without any need to be "full time trading".
So maybe the OP could explain what he/she actually had in mind when starting the thread. From what I read on this forum plenty of people could easily spend 'full time' hours engaged in the market and still not come anywhere near deriving a living.
Agree
Couldnt think of anything worse.
I have no desire or intention.
As to how much youd need its like any business MOST are initially under capitalised.
If you bought any business how much would you expect to make in profit investing $40k in it?
The business average for a good one with a proven return is 30% on capital
so for $100K thats $350K initial capital.
My own business has 6x that in capital invested and a commensurate return.
After working 30 yrs to get there why on earth would I (Or anyone else in a similar position) want to trade for a living!
i.e. imo it would be impossibly boring to "full time" trade if that means sitting at a computer for eight or more hours per day, that being the common definition of 'full time'.
I wonder if the thread title is actually misleading (or perhaps it does actually mean what it says)?
i.e. imo it would be impossibly boring to "full time" trade if that means sitting at a computer for eight or more hours per day, that being the common definition of 'full time'.
Such a thread title implies that by 'full time trading' you are able to support yourself and need no other job. Fairly obviously this could well be as much a matter of level of capital as of any particular skill.
If you have enough capital you can easily support yourself without any need to be "full time trading".
So maybe the OP could explain what he/she actually had in mind when starting the thread. From what I read on this forum plenty of people could easily spend 'full time' hours engaged in the market and still not come anywhere near deriving a living.
I couldn't think of anything better tbh.
After working for International & National companies and running a business with 6-9 employees, I personally can't wait to trade for a living (with other projects on the side).
I can earn very good money trading 2-4 hrs a day with another 2-3 hrs a day in prep, research & admin, with very little overhead costs compared to my current business.
Compare this to currently working 8-10 hours a day, 6 days a week and you can start to see the attraction. Also no staff to deal with (anyone who has run a business will know that while staff are an asset to the business they also create lots of headaches), no customer problems to put up with and not having to chase money owed.
Figure my routine will be up at 7 and working a full day to at least 5. Best to continue with a working routine than slack off too much.
why? doing more can lead you to earning a lot less in this game.
don't know why anyone would want to trade fulltime
worst gig in the world
sitting at a computer, working a 'normal' job for 8 or more hours a day, 5 days a week isn't also impossibly boring?
I didn't suggest there was any difference between trading if you do it full time or doing any other office job, did I?Julia, how does this differ from 90% of any other office type job?
If you have $1 million of capital, this would probably return 4% dividends and 5% capital growth or $90,000 a year just by investing in a portfolio of blue chips. That is enough for most people to live on. You may tinker around the edges and move in and out of stocks and call yourself a trader. This does not need much of time commitment. If you are going to trade "Full time", then you want to be earning well above 10% return on your capital, otherwise you would be better off passive investing, getting 9% and spending your time at the golf course, or doing something interesting instead.
Knoxy may I suggest that you study the fx markets you want to trade and find the times that the market moves the amount you need. For my needs the Asian session delivers only 20% of the opportunities. I would be wasting my time looking at the market 0700 - 1700. The UK session delivers 50% and the US session 30%.
What do you mean full time? 24 per day?
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