Quote:
Originally Posted by Hog's Gone Fishin
You can make a better and more enjoyable life day trading once you have a solid foundation than working a day job. With your discipline and knowledge you should consider taking a 30 day vacation and day trading the whole time and see if you can tell your boss that my vacations now permanent. LOL.
NOT FINANCIAL ADVICE.
I've been able to really focus this year and will make as much money as I did jerking off those ****ing pigs and have fun doing it. Well , most days. And watching people like TZ make 30K on a single trade that lasts minutes is real inspiring to me. I'll get there. And yes I've seen him do it multiple times just over the last month.
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Honestly, I really like my job and just worked 6 months doing training + studying for a promotion. They voluntarily gave me a raise of 15% once I completed it, even though I was already given a raise up to what they promised I'd be making in April. I like going to work, they pay me well, I can take time off when I need and I love the people I work with.
My retirement goal is 60 given my current savings pace. But retiring at 50ish and day trading for income doesn't sound bad. The problems with this are not being able to take withdraws this early from retirement accounts to use as day trading capital and paying for health insurance.
I'd need a MUCH larger amount of capital to be day trading for income. If I started diverting investment money away from retirement accounts such as my 401k, to build up a larger trading account, I'd take a large hit on the tax side though. Doing this would put me in a higher tax bracket AND would increase my taxable income paying higher short term capital gains. Just not sure I could retire super early to accomplish this.