Has anyone quit their job and started doing day trading/swing trading full time? I’ve always invested in stocks (no options trading), but considered those investments long term investments after doing my due diligence of the companies. Lately, I’ve been more active and have made some decent unrealized gains (33% in a month) or so (smaller scale around $20k). If so, how much money did you start with? What are your strategies?

likefunny
Posting as :
works at
You are currently posting as works at

Don't quit your job. Those returns aren't sustainable. Don't fall into that trap

like

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.

like

I did it, working out fine

like

Oh wow. What kind of returns do you get every month?

Made 750k last year. Down 500k YTD. Don’t do it.

like

Get a remote job and do this on the side. This is the best balance.

like

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.

like

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.

like

Related Posts

Worth getting the Marriott bonvoy credit card with the 100k points bonus? Annual fee is $95. Already have CSR.

like

Anyone have a good online calculator or way to adjust their W-4 towards the end of the year so they don’t get slammed with a high tax bill? I know I’m too late for 2020, but curious for next year...I got slapped with a 6-figure tax bill last year. 😑 My wife and I made adjustments to our 2020 W-4s, but afraid it wasn’t enough.

like

Up 75% on UVXY puts expiring 7/26...sell or is it going to continue to go down?

Inflation check @9% 🫡

like

There’s a debit card that I’ve been using for the past 4 years and it beats out some of the cash back credit cards. It’s the Cash app debit card. I haven’t heard people talk about it in the card community and it could save people a bit of money - 10% cash back. I posted about it on my Instagram HerMillennialMoney if you want to learn my tips and tricks with the care.

like

Well, its a good thing I sold ARKF when it was $55 last year

like

Hi guys; looking to expand my portfolio and invest more heavily into crypto. Any tips/suggestions would be much appreciated. Thank you!

like

Looking at investing in FedEx and GameStop. Check out Forward PE and PEG, good earnings growth and operating cash flow. Thoughts?

Anyone seriously wanna start a hedgefund with me ? I can assure a 30% cagr with my quant

like

“I used to be rich, but I sold all my stock so now I’m poor like you guys!” is a new one

Post Photo
funnylike

Question for anyone whose left the firm: I've been here for 9 years so my pension is fully vested. What happens to it if I leave?

like

How diligent is Mintz background check. When it comes to education? My references, credit, criminal and work experiences will check out. However said I already graduated school when I am in reality a month away from graduating. The company sent over the contract and start date at the same time as the background check.

like

Thoughts on buying TWLO under 320 vs. SQ under 240 or neither?

like

What is personal independence??
Why Pwc asked me to fill all investment details for me and my dependant.
Can anyone please help me on this ??

@pwc

like

Canadian 🐠 Which ETFs are you buying right now?

like

Could anyone recommend a set of indices that are publicly available and is a good predictor for consumer spend in home renovations ?

like

Do you invest in commodities?

likesmart

For the folks that bought an a second property (rental) with less than 20% down, how did y’all pull it off ? 10 % down payment is all I can afford.

like

What do you check for when you go to view your properties in advance?

like

Hi Experts ..Suffering from financial stress...my 90% commitments will be end by December..but felling so much stress to handle with money

like

More Posts

When would our leave expires? End of December this year or by 31st January 2023?

I have to take atleast 6 more leaves else it would expire .

like

Is there a paper or hardware wallet for smaller coin like factom/golem/stratis??!!

If you follow the cryptocurrency market, or even have been just taking an interest lately, with the Bitcoin "halvening," you should check out Pi.

If you haven't heard of Pi, it's a new cryptocurrency (like Bitcoin), developed by a bunch of Stanford PhDs. What makes it really interesting is that you can still mine this coin, using just the processing power of your phone, unlike just about every other coin out there. (Contd)

likefunny

Anyone buy catgirl?

like

How long into practice before someone should be competent to handle a seven figure marital estate (business, maintenance/alimony, and personal property) solo (without supervision from a more experienced attorney)?

like

Fellow Philadelphians!
DM me if you are interested in joining a Discord server for Philly Young Professionals. I’ve been seeing a lot of “how to make friends” posts and well, this is how! Reach out, put yourself out there & we’ll have fun. I’m hoping to use this server to chat & get to know each other, but also plan in-person events like happy hours.

like

Science question: is there an explanation for why some amide coupling reagent work better than others? Trying to find an explanation for some results I'm seeing in my research but I'm not finding anything.

like

Would anyone be willing to share their resume with me that includes their experience as a bdr? I’m currently looking for a new job and want to make sure mine will stand out! Any tips on which numbers and percentages to include and how I should word everything would be super helpful. Thanks!

like

Hi Everyone,

I just wanted to know what are all skills needed for 5 years Java developers , who's appearing for Product Based Companies interview in a coming week apart from DS, Algo, Java, springboot and microservices these are I already know. Currently working in a Service Based Company.

Thank you.

Rough TC benchmark for mid level corp dev (mix of m&a and strategy) role at a midsize private co in Toronto?
Lots of data on US corp dev TC, but not much for Toronto

likehelpful
like

Need advise!! I am L5 Amazonian and been asked to transition into different role/scope of work (in a positive way) in the same function/team. Is it advisable to ask for compensation increase?

like

Looking to get a new wallet. Any brand recs?

like

Hi Fishes,

Any approximation on the in-hand salary would be highly appreciated, considering the fact that the PF is low!

Thanks

Post Photo
like

Heads or Tails?

Post Photo
likefunny

K

Sent from my iPhone

Post Photo
likefunnyuplifting

What is the retention policy in Synechron.?

I’m keep getting flashbacks from my previous relationship. I want to report him for domestic abuse/date rape charges but I don’t know if it’s a wise idea esp after a whole yr

like

Hi All,

Can i renegotiate compensation with Deloitte after receiving offer from another organisation.
Will they increase my Compensation ?
D just gave me only 30 % Hike on my current Fixed CTC and no JB.
Profile - Automation QA, 6.5 YOE

like

I have recently got an offer from sopra steria. They haven't mentioned about variable. Does it happened to anyone. Did they provide variable even when it is not mentioned in offer letter.

like

Additional Posts in Option Traders & Investing

How on earth are you guys getting into these AMD calls for 5/1? The theta is scaring the devil out of me. I almost went with the peer pressure yesterday and then backed out (I am bullish in AMD)

like

$CS look past the noise on this one. Could be a huge price turnaround on a 2-3 year life time considering this is a on-off event that has now been priced in. I am going to scale into LEAPS. Small position starting today. Looking for 200-300% in 3 years on this. Was best quarter in years without the archegos debacle and lots of opportunity for rates to rise.

like

Anyone else hammering AEO puts?

likefunny

Are warrants still available on IPOE? I'm having trouble finding the ticker on TD Ameritrade

like

Up 75% on UVXY puts expiring 7/26...sell or is it going to continue to go down?

8/12 Thread (General):

like

Thoughts on buying TWLO under 320 vs. SQ under 240 or neither?

like

5/4 Thread (General):

like

Hell YEAH!! They JUST approved!!!! Make it rain on Monday!!!

Post Photo
likesmart

For those who have been driving the daily thread posts (senior tax accountant / KPMG / etc) please DM me if interested in becoming a community leader for this bowl. I’ll put you in touch with Sam from Fishbowl. Thanks!

likeuplifting

What’s does “fill the gap” mean??

like

only buy VIX if you think the market plumbing systems are clogged.

Otherwise your sinuses will become increasingly VIX allocated over time.

Maybe that's ok.

like

Anyone else think big end of day drop? Scary weekend to hold long through

like

$DPZ 370c 3/27

like

Dipped my toes in some dumbass hype stock - 60 shares of FMCI, planning to sell within 2 weeks

like

5/28 Thread (General):

like

@BC what do you think about SHOP puts?

like

How do real estate lenders take cash flow into consideration? For example, typically I would probably only be approved for a $500k loan ($125k comp and $100k for down payment), but if I’m buying a multi-family home and planning to live in a unit and rent the others, will lenders approve a bigger loan?

like

How do you renegotiate your commission rate on TD Ameritrade and it’s platform ThinkOrSwim? Is this requested online or do you have to call in? Does it have a decent success rate? Im at the original .65.

like

$BABA got murdered today. Buy, hold, or sell?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal