Career daytrader thread

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Liber Pater

Stochastic shit-posting
kiwifarms.net
Joined
May 10, 2019
Are there any Kiwis out there who make 50% or more or their income from day-trading/primarily short-term capital gains?
I am curious to know what your portfolio looks like and what types of assets you trade, and (if you don't mind me asking) how much monthly income you bring in through trading (on average).

Even if you don't quite reach the "50% or more" threshold, but still trade regularly as a type of "second job," your contributions would also be appreciated.
 
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Well first you need a cash account over 25K. Then you need to spend 10 or more hours a day trading and doing DD. It's def not something most people can do. You go to bed, sleep and wake up with one thing on your mind. If you want to go to lunch and forget out shit you have to set a bunch of stops and take profit orders. It's not easy.

I've spent hundred of hours on it the last few months just doing it as a hobby and the amount of knowledge and commitment it would take to do full time boggles my mind.
 
Daytrading as a career is going to require a ton of money to start with. Even if you average a 1% profit a day (which is going to be really hard to do long-term), that is only $100 per $10000 invested.

Most daytraders end up losing out to the market as a whole. You won't beat the big banks
 
Day trading is for people with more money than sense. If you want to enjoy losing money at least have the decency to do it in a casino.
 
Hell no, im not insane and gamble... i bet on sport every weekend(well not right now with all the corona going on). Its very easy and i watch the games anyway...
shout out to the idiot website that always undervalues Bayern...
 
Works until it doesn’t.

honestly Selling premium is probably the way to go

but whatever just swing trade SPY
 
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