Professional Trading - where does it stand compared to other high pay professions ?

Discussion in 'Professional Trading' started by syswizard, Feb 10, 2019.

  1. One of my buddies goes around through multiple agencies then gets a backdoor agreement to go direct. Only had it backfire once and he paid 10k to settle for what turned out to be a 600K contract. You gotta have balls if you want to do better than average.
     
    #41     Feb 11, 2019
  2. ironchef

    ironchef

    I thought professional traders are those that work for institutions, HF, mutual funds, investment banks... They mostly trade OPM, gets their pay from collecting a fee, + 20% of gain? NYC average finance salary ~$99K, top finance type collect billions every year. So professional traders compare very well against your list.

    Us amateur retails, we trade our own funds. Even for us full timers, we are mostly small potato compare to HF..., but we don't need a salary.
     
    #42     Feb 11, 2019
  3. Final tally: figures assuming full time earnings 250 work-days per year.
    1) Internet Entrepreneurs ($10k per diem)
    2) Drug Dealers
    3) Sports figures
    4) Movie stars ($7k per diem)
    5) Corporate CEOs
    6) Lawyers
    7) Doctors / Surgeons (especially cosmetic - those guys make a fortune !)
    8) IT Professionals ($1k per diem)
    9) Escorts
    10) Financial Advisors
     
    #43     Feb 14, 2019
  4. %%
    I agree. And it's more common for business owners+pro salesmen/women to make big bucks. But some traders/investors run their trading like a business.
    And other good points about the the location/ low pay of UK doctors.....:cool::cool:
     
    #44     Mar 11, 2019
  5. Sig

    Sig

    What country are you paying 33% "employment taxes" in? We're talking 3.8% marginal in the U.S. if you're making over $250k married joint filing.
     
    #45     Mar 11, 2019
  6. Winjak

    Winjak

    It may be compared with the IT professional salary. It's possible to earn around $2000 a month, but sometimes the figures are much lower. I recently started trading cryptocurrency on forex, maybe it will help to stabilize the situation.
    It may sound strange, but crypto market is much more easily to predict now due to downfall trend. Btc and other altcoins don't show tremendous price hikes, which is why forex trading suits it best. If someone interested, I may recommend crypto accounts at justforex broker with dozens of cryptocurrency pairs (the list is described here).
    Anyway, without enormous budget you aren't able to earn tens of thousands of dollars. :(
     
    #46     Mar 27, 2019
  7. Sig

    Sig

    If you can find an IT Professional anywhere in the western world willing to work for $2,000 a month who knows what they're doing please send them my way! Maybe you for got a zero on that?
     
    #47     Mar 27, 2019
  8. schweiz

    schweiz

    Problem is in general not budget, but knowledge...

    And the knowledge whether you have that knowledge or not. Many miss that. Especially those who say:
    • markets are random
    • 90% lose
    • it is impossible to make money consistently
    • etc...
     
    #48     Mar 27, 2019