I don't doubt that some people are very good at business ventures, but I think that if your trading is at the point where you are pulling easily $10k from the market every day, the last thing you want to do is add stress to your life via running a business. IMO, the only reason to start a trading business is because you are unhappy with your actual trading profits and you realize that customer sales are more lucrative than trading. On the flip side, I would think scaling up by adding customers should be much harder than scaling up with more futures. (ie. If you can trade 5 ES contracts, it should only be a matter of time until you can trade 10, using the exact same method, but just waiting for your account to grow. But doubling your customer base would almost seem like more work and more overhead) Many of the great traders go on to just manage the family money. Even the pros that run a fund do so because they get paid no matter the results (ie. 2% of billions AUM is highly lucrative, along with any profit sharing.) But this FT71 guy isn't managing money, he is just the middleman between every transaction.
This is now bordering on silly... 10k average per day is only (approx) pre-tax 2.5 million/yr... no Elon there... and when you are gone, the income is gone! Hopefully, FT71 wifey can keep her LLC membership. Not everyone has interest in being an Elon.
I’m forced to post because OMG what a freaking V. And some of you still don’t believe it. This market is never going to sustain any selling aside for a day it really is incredible. Back to my hiatus.
NVDA nearly doubles revenue, and yet there is an initial drop. Is this a huge sign if the market pukes on extremely good news?