Does a kid who is just about to start medical school ask how many brain surgeries he will be performing on people in his first year? You should know that most everyone struggles for the first two years (or more) to make anything, let alone not blow their account up. If you are breakeven after two years of frequent trading, I would consider that a huge victory.
I thought so, but I wasnt sure and just went with it to avoid bringing about a shitstorm in my direction So are you saying daytrading is a fruitless effort? I'm of course talking about the long run, I wouldnt mind losing some of my money the first couple of years, as long as in 30-40 years I reach an average of a couple of % above the 7% norm for a normal investment. The reason I'm looking into trading is basically because of the money it can save me yearly investing for my retirement. If I can get an average of 12%/year over 40 years, that would mean I could put aside 200 euro less every year than I if I go for a long term investment of 7% to get the same final amount.
You can't do both at the same time without seriously detracting from building your career. Which is where your complete focus should be, especially when just starting out. The market will always be here. But your opportunities to get a good start on your career will quickly pass. And in answer to your specific questions, there is no possible way for you to project/imagine/speculate on returns and LOSSES from trading.
Day trading is not recommended to be approached as a hobby even though you didn't use that word. The odds are very high that you'll lose whatever money you put into it if you have that hobby mentality. Is it a suitable part-time job as a second source of income ? I prefer to say that there's other better alternatives for those that have another job and want to do trading on the side (your words) during the duration they have that other job. Those alternatives for such types of folks like you are swing trading or position trading...not day trading. In contrast, if you plan on day trading outside of work hours such as before you go to work or after you go to work...most likely you'll be trading in markets not in your time zone. The other concern with day trading like that (before/after work) is that it complicates your social life as a part-time day trader...very few can successfully manage a social life and part-time day trader career while both are in conflict with each other. My above comments is because you said you might as well do some day trading because you'll already be at work in front of a computer for 6 hours per work day. Simply, you're saying you plan on day trading while at work. Not good...don't do day trading as such and its really not fair to your boss to have an employee as such. Once again, swing trading or position trading is the way to go for folks like you.