I'm making $8000/mo trading stocks. Should I keep this up or get an actual job? What do I even tell people?
Hey guys,
I'm a 22 yro recent NYU (not Stern) grad. I only had one offer lined up at graduation but the employer cut back and sent out an email to all of us saying we won't be starting until September. And that's fine as it gives me more time to decide. The job is in accounting for $52k in new york.
But I've been day trading for the last 4 years and on average I make about $8000 a month doing that. I wasn't able to land a trading gig due to my grades. If I take a full time job, I won't have time to commit to day trading. And frankly, I suck at long term investing so I NEED to keep my eyes on the screen all day long.
My parents are against doing this because for one thing, they said profits are not guaranteed each year and there's no social prestige out of this so they want me to take the full time corporate job.
And as a social thing - what the hell would I tell people? That I make a living doing something I was toying around for fun back in my dorm room? Just the other day I told an alum at a conference that I'm "an independent trader" and he's like "huh? not enough luck in the job market nowadays huh? yeah, it's tough." i kid you not!
so what now fellow monkeys?






PROP SHOP
PROP SHOP
how consistent were you in
how consistent were you in making $8,000 a month in trading?
There is not logical reason
There is not logical reason if your making that much every month that you haven't been applying to prop shops. If you have the records to prove it I guarantee you that a prop trading shop will take you on. If not, who gives a shit? Your making 8 grand a month. Market yourself with that as your focal point, that your able to deliver out sized returns in the market. Of course that depends on your capital base.
Contact: [email protected]
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congratulations on making
congratulations on making 8000 a month....twat
I eat success for breakfast...with skim milk
How much money are you
How much money are you working with? $8000/month is amazing, if you started with <$20k. But, I mean, if you started with like $100k+, your performance wouldn't be nearly as remarkable.
If you're a profitable trader
If you're a profitable trader and document the results, a prop shop WILL pick you up. Prestige for its own sake is worthless. Document your trading activity and start contacting prop shops immediately.
YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...
Downeasta: How much money are
How much money are you working with? $8000/month is amazing, if you started with <$20k. But, I mean, if you started with like $100k+, your performance wouldn't be nearly as remarkable.
it wouldnt?
mmmm ok.
This coming from someone who actually day trades during downtime and have returned 70% in 6 months on one portfolio.
redherring: Downeasta: How
How much money are you working with? $8000/month is amazing, if you started with <$20k. But, I mean, if you started with like $100k+, your performance wouldn't be nearly as remarkable.
it wouldnt?
mmmm ok.
This coming from someone who actually day trades during downtime and have returned 70% in 6 months on one portfolio.
No, it wouldn't. 8k/month, if you start with 100k, is 8% return per month. That's not exactly groundbreaking.
Downeasta: redherring: Do
How much money are you working with? $8000/month is amazing, if you started with <$20k. But, I mean, if you started with like $100k+, your performance wouldn't be nearly as remarkable.
it wouldnt?
mmmm ok.
This coming from someone who actually day trades during downtime and have returned 70% in 6 months on one portfolio.
No, it wouldn't. 8k/month, if you start with 100k, is 8% return per month. That's not exactly groundbreaking.
Are you a fucking idiot?
Downeasta: redherring: Do
How much money are you working with? $8000/month is amazing, if you started with <$20k. But, I mean, if you started with like $100k+, your performance wouldn't be nearly as remarkable.
it wouldnt?
mmmm ok.
This coming from someone who actually day trades during downtime and have returned 70% in 6 months on one portfolio.
No, it wouldn't. 8k/month, if you start with 100k, is 8% return per month. That's not exactly groundbreaking.
Wow. Post of the year.
No. Am I missing something?
No. Am I missing something?
Downeasta: redherring: Do
How much money are you working with? $8000/month is amazing, if you started with <$20k. But, I mean, if you started with like $100k+, your performance wouldn't be nearly as remarkable.
it wouldnt?
mmmm ok.
This coming from someone who actually day trades during downtime and have returned 70% in 6 months on one portfolio.
No, it wouldn't. 8k/month, if you start with 100k, is 8% return per month. That's not exactly groundbreaking.
I'm assuming you do better than that in your own account? If 8% a month isn't great, I'm curious what is?
Contact: [email protected]
See my other blog posts
8% returns a month is not
8% returns a month is not groundbreaking? that doesn't make any sense.
Addinator37: Downeasta: r
How much money are you working with? $8000/month is amazing, if you started with <$20k. But, I mean, if you started with like $100k+, your performance wouldn't be nearly as remarkable.
it wouldnt?
mmmm ok.
This coming from someone who actually day trades during downtime and have returned 70% in 6 months on one portfolio.
No, it wouldn't. 8k/month, if you start with 100k, is 8% return per month. That's not exactly groundbreaking.
I'm assuming you do better than that in your own account? If 8% a month isn't great, I'm curious what is?
I don't day trade, so no, I don't do better than 8%/month. I'm not putting the OP down at all, I'm just asking how much capital he's dealing with. I ask because most college students don't have much cash to play around with, so if he DID start with a smaller amount, it'd be that much better. If not, 8%/month is still good returns for 100k-range, just not at the same level of badassery as if he was only working with 20k-range.
Go ask your boy Paulson if
Go ask your boy Paulson if he'd take 8% a month haha.
I hope you're still in high school and / or haven't taken a finance / investments class yet.
And yes, I'm quite aware that
Well, again, you're wrong.
I actually agree, 8% on
redherring: Well, again,
Downeasta: redherring: Well
-MBP
8%/month doesn't tell me
Work hard, play hard.
typed the words right out of
If the glove don't fit, you must acquit!
Downeasta: And yes, I'm quite
so what now..get your ass a
Do what I gotta
Downeasta: Addinator37: D
8% per MONTH I'd argue is
WSO Conference 2013
Private Certified User Chat
Don't pick a career path for
Saying you make 8k/month
And I think it's gonna be a long, long, time
craigmcdermott: Downeasta:
It all depends on how big
Wow $8000 a month as a
http://sportstanker.blogspot.com/
Economically, it makes more
http://sportstanker.blogspot.com/
Sure, but the accounting job
Work hard, play hard.
I hate it when I return 8%
What is a good website for
The Four E's of investment
"The greatest Enemies of the Equity investor are Expenses and Emotions."- Warren Buffet
kmess024: What is a good
Work hard, play hard.
OP, can you hire me as an
RIP WSO Chat.
Downeasta: And yes, I'm quite
Don't mean to be an ass, but
Work hard, play hard.
I know someone who started
A 52K per yr. accounting job
IlliniProgrammer: Don't mean
A few things you need to
Do you live near Chicago?
You should just day trade and
I was taught that the human brain was the crowning glory of evolution so far, but I think it's a very poor scheme for survival.
For you rookies, let's not
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
chicano8119: Hey guys, But
IlliniProgrammer: kmess024:
You might want to specify on