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Don't quit your job. Those returns aren't sustainable. Don't fall into that trap
Agree with Director. These are unusual times. Congrats on your great returns, definitely awesome. But if you can't sustain that for 2 years, it's a fluke, not a rule. Also consider you need a big enough bank to handle all your bills and cover a down year.
Seen this question asked every couple of months. From what I can tell no one on this app has done it and survived.
I did it, working out fine
Oh wow. What kind of returns do you get every month?
Made 750k last year. Down 500k YTD. Don’t do it.
Get a remote job and do this on the side. This is the best balance.
Yep, as others have said, I would say the proof of concept would be, profitable trading over 3 consecutive years including at least 1 mkt down year, with $$ earnings, not %, equaling your salary. - Then maybe you start thinking about it.
Make a system that works for a sustained period (2-years plus) before doing so. Likely you just got lucky as the market is making huge swings in individual stocks right now with lots of volatility. Basically if you pick direction correct you can do pretty well.
Can you trade individual names at kpmg without approval?
Depends on the what company it is.