Is 50,000$ Enough to set up a trading account to earn a full time living?

Discussion in 'Trading' started by RogueTrader92, Nov 12, 2021.

  1. deaddog

    deaddog

    So based on your experience answer the OP's question. Is 50K enough?
     
    #61     Nov 12, 2021
  2. themickey

    themickey

    A full time trader employee?
    Nice!
     
    #62     Nov 12, 2021
    fan27 likes this.
  3. wartrace

    wartrace

    So you are assuming he has more capital than he is putting in the trading account? He/She never mentioned that in the OP. It's all speculation at this point. All I am saying is if 50k is all the money the OP has it will be tough to live on nothing for a year.
     
    #63     Nov 12, 2021
  4. RedSun

    RedSun

    So do you think he has the chicken or the golden egg?

    I do not think he says that he wants to live on his $50,000 from day one.
     
    #64     Nov 12, 2021
  5. wartrace

    wartrace

    You'll have to ask the OP. I don't know his/her situation and neither do you. Good day sir.
     
    #65     Nov 12, 2021
  6. schizo

    schizo

    But you didn't mention how many times you blew up your account. :D
     
    #66     Nov 12, 2021
    Nobert and wartrace like this.
  7. RedSun

    RedSun

    No need for that. OP just asked a general question.

    He is asking if he can start with $50,000 and make a career of full time trader from there.

    Yes he can. But he will have to have an excellent start and live with a minimalist style.
     
    #67     Nov 12, 2021
  8. fan27

    fan27

    OP is based out of Egypt according to his profile. Maybe he can live on $15k per year. I have no clue what his expenses are so hard to say.
     
    #68     Nov 12, 2021
    Nobert, RogueTrader92 and RedSun like this.
  9. Depends on what you are trading. Options...yes that is plenty. Stocks...only if you trade pennies
     
    #69     Nov 12, 2021
  10. Overnight

    Overnight

    He wants no leverage. Why is everyone not able to read his parameters? A no-leverage way to make it.

    Since he speaks about no leverage, he can trade stocks, bonds and cryptos. Can he make it with no leverage.
     
    #70     Nov 12, 2021
    RogueTrader92 likes this.