The book suggestions were simply a starting point. I don't think it's a reasonable expectation to earn $50k on $2MM without taking some significant leverage(gamma) in options. I trade flat delta, but take significant short gamma and volatility positions. FWIW, I've 15 years trading this stuff as a pro so the anecdotes aren't applicable to your situation, but I've not had a month under +$50k in over two years(9/2001). My account is typically funded at a bit over $2MM. For those returns I'm carrying significant exposure past 2sigma, it's a cost of doing business -- and I simply make sure I've got the bulk of my profits in hard assets. My style isn't for everyone, but I manage to sleep well. arb.
It's as old as trading, nothing special about it. Didn't say there was no risk, it's lower risk than trading commodities outright You still have to trade. It's also a better option than trading commodities unhedged because margin reqs for spreads are much lower.
Sounds like you're looking for a major change, even relocation. If this is the case consider Cayman with no income tax, capital gains tax nor inheritance tax. You could job shop there or consider something in the tourism industry if you've had enough of computer screens. WRT an edge, I'd say it's there just very aggregate and not particularly exciting. I took a quick look at the stocks the highest scores from yesterday, all were shorts 10* DOW +0.54% 9* BBH -0.38% 7* PD -1.58% 7* SEBL -1.35% Swing trading is definately in the domain of those with day-jobs and retirees. Good luck and please keep us posted
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You can scratch this one off your f$%king list. I just finished a 2 hour grueling interview with the c%$#*%@king HR manager and landed the job.