|
PureBytes Links
Trading Reference Links
|
since s&p floor traders average $330,000 per year, i use this figure
as minimum yearly goal for day trading; anything higher is gravy.
someone on this list once said that you can be "trading cash machine
when your system or methodology starts clicking." but to reach that
point requires a hell of a lot of hard work, dedication, sacrifice,
and dogged stubbornness. anyone who thinks or believes otherwise is
either full of shit, or a liar to himself, or both.
as crazy as it sounds, i know guys who quit $100K salaried jobs
(excluding perks; probably $200K+ with perks) and are happy making
only $30-50K trading the s&p.
different strokes, i guess. the freedom that trading provides is a
pretty strong motivator to quit the daily grind. but trading also has
it's own set of unique problems that we all have to deal with too.
trading in any form is a tough row to hoe.
TJ
---FelixTY wrote:
You made daytrading sound so easy, don't think its like that. More
money is made is position trading. The losses for me are just the same
or even more in daytrading. Also the emotional roller coaster is more
intense in daytrading. Just ask Gary Smith, a documented successful
daytrader,remebered he made on average 200,000.00 a year, not a really
big wealth,if that is the ceiling of of a competent daytrader, rather
go where the big money is, (position trading), and let that spill over
me.
|