Trade full time or don’t quit day job?
Been trading regularly this year with realized profits of around USD 300,000 so far. Initial capital was USD 200,000. Trade full time starting 2021 or keep my stable management job that has reached career ceiling? Annual salary just under USD 100,000.
Figure plan is to save USD 200,000 for savings and go with USD 300,000 capital for 2021.
Appreciate any real advice and thoughts. 🙏
I can help you setup a hedge fund for 50k and you can raise funds with an audited track record. I also have investor contacts and then later on you can also raise institutional money.
Appreciate it but I have pretty good contacts and network for this as well.
Would still love to answer any questions you might have. Thanks
Time to start a fund if you think you’re ready for it. Trading with own capital limits your earnings and i know starting your own fund requires a lot of stuff (raising cap, hiring analysts, picking fund style(long/short), fund values and etc) but if you make it out alive, your earnings wouldn’t be capped like you currently do(remember, you might lose it all on one bad trade without proper risk management)
Thanks for the good points but it makes me wonder how much I’d have to try and raise to make it worthwhile. Also, it’s such a short track record.
Hi, May I suggest we get in contact, we'll answer all your questions.
I hope Wallstreetbets keeps giving you that edge to outperform.
Honestly just looked up that website for the first time after reading your post ...
Do not quit your day job. This year has been a complete anomaly with regard to volatility which is probably the main driver in your ability to make money.
As a side note..... how have you been trading if you are in IB? The general holding period has to be at least 30 days for most firms and they only let your trade the most vanilla of securities / options on a pre-cleared basis.
Thanks for the cautionary advice. And since you asked, I work in a non financial company. I had chosen IB many years ago since I was interested in that field. I have changed it accordingly.
Got it. Recommendation still stands. I think that you’ve had a great amount of success and am happy for you. But that’s been i a pretty crazy environment in the markets. Also, I think strategy’s and overall risk tolerance would have to change if you wanted this to be your livelihood. I don’t think it’s feasible for people to get those type of returns without taking huge risks, something I don’t think you’d want to do if it was your livelihood at stake.
you are making 150% return on capital while still doing a
just keep doing exactly what you are doing...turn your 500k into 1.25mm next year
Thanks for the advice! Good point and goals to strive for.
If I were you I would keep doing what you’re doing for 1-2 more years to see if your returns are a result of your skill or unprecedented market volatility. If the former then I would quit after 1-2 more years of proven performance. Also allows you to save more and make you more able to afford risk
Exactly, if you this 2 more years you'll have 2m$+
If it was luck well at least you know and you didnt leave your job prematurely.
.
I don’t work in IB. I work in a non financial business.
And how have your earnings been in a bear market? How many of them have you survived?
Repudiandae ipsum rerum tempore hic pariatur quia debitis. Cumque natus veritatis perspiciatis harum atque sint aut.
Reiciendis atque ad quas. Voluptate odio est aut molestiae blanditiis odio. Sit hic iusto voluptatem corporis ex suscipit.
Libero nisi et minus odit autem vero at eaque. Exercitationem doloremque ea officia et. Voluptate consequatur deserunt ullam. Et ut similique dolore odit voluptates esse.
Quidem aliquam exercitationem eligendi occaecati ut vel et. Aut quo quo illum ab libero quo dolor. Quibusdam delectus non adipisci eaque. Autem sint libero officia accusantium delectus tempora iure. Pariatur harum amet aut sed consequatur. Accusantium placeat aut error nesciunt et corrupti voluptatum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...