http://finance.yahoo.com/news/much-average-person-working-hedge-190902470.html Assuming one can get in and stay in ...
Sitting at home daytrading is likely the lowest paying profession --on average--- when losers are included--- on earth.
daytrading is not a job, but a vocation. I'd compare it to the crowd starting a marathon, and the very few getting the medals. It is a talent based activity, where one eats what they kill. Now, I am very glad to see the average salary there, as the numbers always run wild, and , I will not be looking for a job. My only goal for the next 9 months is to see how much I can rake in with our new approach - cash inflow/outflow management with the broker. If we can reach a 7fig., then I'll feel we have accomplished something.
A serious question-- what money do you plan to live on when you just have a million in your trading account and need this money to keep working in the markets? How will you pay your bills? I think only the extreme frugal types even have a chance to survive with trading income alone--- oh, and the very wealthy prior to trading.
Sad to say most of these people are not living 'large. Have to scrimp and save. My serious opinion is the real money in finance, even for the Hedge fundie types, is actually more in sales than actual deep in the trenches trading.
<iframe width="640" height="390" src="//www.youtube.com/embed/Q6nT3egZwQI" frameborder="0" allowfullscreen></iframe> everything paid via retail daytrading.
You were asking about my major costs : international airlines transports. All the more that I often miss planes and need to book on the spot a replacement one. I am a retail daytrader, so I do not have as many constraints as those who trade for institutions. Also, I can travel when I want and take advantage of advantageous prices ( 1 week there with helicopter, rolls royce and chauffeur included and butler) was less than 20,000$. My major cost that I will be decreasing as I help more effectively people, has been "donations" for emergencies. I have done the experience just for the experience. It is not just about earning, but also buying 'clever', and not being a cash cow for goods providers. I for sure do not like spending stupidely. My main problem was being stalked and harassed over the last 3 years, and this really damaged my trading. But since this has been handled ( roughly this month), trading is much better. If we can minimize any other disruptions, I am pretty certain to generate 7 figs over these 9 months. I do not trade like institutions, or traders : I am a professional gambler.
fully documented on a day to day basis on the 2 threads on ET, as I was luckily well advised to do. Let's say a guy and some "females" above any suspicion- involved, with other "females" in some side business related to high priced prostitution and 'corruption via sex' and other dubious practices.