why do people laugh when I mention day trading?

I'm laughing at you right now, looking at your picture on the bedside table as your woman strokes my balls.

 

Your math is wrong here. If a person makes avg. $1,000 per weekday as a trader, they make about $170k per year, as there are about 170 tradeable days per year. Even with 20 days time off, it is $150k.

And if a person can steadily make $1,000 per day, then it is just a function of size to make $2,000 - or $5,000 per day.

However, A person really only needs to make $300 per day to replace that $50k + benefits job you speak of.

The trick is being patient and disciplined enough to steadily make $300 per day for 6 months or a year - that's the real bitch for most folks. It takes a lot of "training" and drill, drill, drill but it is doable. Once this happens, then you get to join the minority.

 

your father is right, you're a dummy.

 

they look at the handles of the people who post and burst out laughing.

 

There has been no logic yet that has shown I am so technically folks like you are the dummies for trying to predict the future and making assumptions

 

The blame solidly falls to the E*TrADE BABY.

This is how the public views YOU thanks to the friends at e*trade


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I'm sorry, but you cracked me up.

He obviously said $1000 a week daytrading, not $1000 per day. So your post is mostly redundant.

And I may be mistaken, but there are 252 tradable days a year, at least in stocks.

 

Etrade is such a hole.. you try to cancel your thing with them for years.. they keep sending you statements about how you have $3 in the account, which they won't send you, then hackers get past their firewall and steal your info...

 

I don't have my trading account there but do have 2 other accounts with them.

As far as being hacked --- virtually impossible. They've had the security key that generate a new random number every minute that is appended to your password to login. Thus, a hacker has no chance to get into my accounts.

 

Well, since he ran it all together, I guess I read it wrong. My bad. Glad you got a good laugh.

Still doesn't invalidate my other points. I'd rather make $300 per day at home trading than corporate America for $50k per year.

And a trader can change that by trading bigger, just add a zero to trade size. Try doing that with a salary job.

Whether or not 252 days are really tradeable is open for debate.

Technically the market may be open, but at least 80 of those days are pre-holiday, Fed, low volume, random, tight-range, no breakout, witching or just plain crappy trading days that should be avoided or traded very small, IMO. Unless a person likes to lose money.

Between that fact and taking time off for a life, that is why I used the 170 figure.

PS Are you sure you know what "redundant" means?