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$500-1000 per day from part time trading
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$500-1000 per day from part time trading

  #41 (permalink)
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Limitless100 View Post
No, I was not referencing someone who is doing this part time, simply pointing out it is definitely done.

I guess a lot of the problem is that people do not define problems/questions very well so they are open to interpretation. Even this part time definition...is trading every day part time? What defines part time, 2 hours/day part time? 4 hours? 6 hours?

I don't know about options/futures but I do know about stocks...long term/swing trade and intra-day.

You can easily plan a long term investment or even a swing trade lasting several weeks on the weekend and place your order on the Monday and other than checking in after work to see if your order filled or not you would not even have to look at the market during the working day. You could do so in the evening as well.

But a day trade....that is done in the heat of the action...doing a good daytrade requires knowledge of which company to play today and watching it closely to buy in and exit. But you cannot say when it will happen.

I can see little problem day trading say up to $10,000 on one stock....but the more money you gain the more difficult it becomes. You think you are going to try to play $100,000 on a single company's stock...you would have to have liquidity of 10's of millions of shares traded in that company or you will not get your order processed in a heartbeat....your order would be spread over a range at a market order or on a limit order probably only partially filled....then you go through the same agony when you try to sell it.....so ok, you will do 10 plays at $10,000 per.

researching good intra-day plays become more and more difficult the more money you have.

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  #42 (permalink)
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Speaking only for myself, and not being very experienced as of yet. my largest single plays so far have been in the 7000 dollar range. My total trading fund is about 10K divided between 2 separate accounts.

I consider a 10K value transaction to be reasonable and believe it will usually get filled very quickly.

That is, unless you're playing with penny stocks, in which case the share quantities may be hard to move in a single block and in a timely fashion.

But 100 shares of anything at 100 bucks each should process instantly. I think any quantity of 1000 shares of any stock should be processed virtually instantly. Except for BRKA, that is...


When I get to the point where I can do it, I expect to do most of my trades in values of 10K or more.

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  #43 (permalink)
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Underexposed View Post
I guess a lot of the problem is that people do not define problems/questions very well so they are open to interpretation. Even this part time definition...is trading every day part time? What defines part time, 2 hours/day part time? 4 hours? 6 hours?

I agree with this. Part time can mean so many things.


Quoting 
I don't know about options/futures but I do know about stocks...long term/swing trade and intra-day.

You can easily plan a long term investment or even a swing trade lasting several weeks on the weekend and place your order on the Monday and other than checking in after work to see if your order filled or not you would not even have to look at the market during the working day. You could do so in the evening as well.

But a day trade....that is done in the heat of the action...doing a good daytrade requires knowledge of which company to play today and watching it closely to buy in and exit. But you cannot say when it will happen.

I can see little problem day trading say up to $10,000 on one stock....but the more money you gain the more difficult it becomes. You think you are going to try to play $100,000 on a single company's stock...you would have to have liquidity of 10's of millions of shares traded in that company or you will not get your order processed in a heartbeat....your order would be spread over a range at a market order or on a limit order probably only partially filled....then you go through the same agony when you try to sell it.....so ok, you will do 10 plays at $10,000 per.

I disagree with the lower paragraph. Moving 100K into a stock at lets say, $50 per share price, would be a mere 2000 shares. That is not a large order by any means. Also, if you were managing a 7 or 8 figure portfolio, it is very possible your strategy does not entail going 100% all in on a stock in one order.


Quoting 
researching good intra-day plays become more and more difficult the more money you have.


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  #44 (permalink)
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Limitless100 View Post
I agree with this. Part time can mean so many things.


I disagree with the lower paragraph. Moving 100K into a stock at lets say, $50 per share price, would be a mere 2000 shares. That is not a large order by any means. Also, if you were managing a 7 or 8 figure portfolio, it is very possible your strategy does not entail going 100% all in on a stock in one order.

Ok...point taken...but tell me....how many opportunities are there at the $50 level compared to a stock at $10 level?

Again I am speaking from ignorance on the subject, but my gut feeling is that by raising the share price of a stock for a target for day trading...the number of suitable opportunities are an order of magnitude less for daytrading.

I might be wrong but for me this seems obvious....Also risking $100k on one daytrade to me requires a lot of skill to find and execute such a trade...that can turn in a heartbeat on you...especially if it is a volatile turn that can fall through a stop loss or even a limit stop loss. The losses would kill a lot of gains.

I doubt that anyone risks 7 figures on a single daytrade...where would you find the liquidity in a stock that you could be confident to enter/exit easily.

I should shut up about day trades as I don't do it myself...my experience has been only anecdotal based on my observations of people doing this kind of trading on other websites and shaking my head at their approach. I have not had the pleasure of discussing the matter with a successful daytrader wagering $100k per throw.

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  #45 (permalink)
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  #46 (permalink)
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Underexposed View Post
Ok...point taken...but tell me....how many opportunities are there at the $50 level compared to a stock at $10 level?

Again I am speaking from ignorance on the subject, but my gut feeling is that by raising the share price of a stock for a target for day trading...the number of suitable opportunities are an order of magnitude less for daytrading.

I might be wrong but for me this seems obvious....Also risking $100k on one daytrade to me requires a lot of skill to find and execute such a trade...that can turn in a heartbeat on you...especially if it is a volatile turn that can fall through a stop loss or even a limit stop loss. The losses would kill a lot of gains.

I doubt that anyone risks 7 figures on a single daytrade...where would you find the liquidity in a stock that you could be confident to enter/exit easily.

I should shut up about day trades as I don't do it myself...my experience has been only anecdotal based on my observations of people doing this kind of trading on other websites and shaking my head at their approach. I have not had the pleasure of discussing the matter with a successful daytrader wagering $100k per throw.

I understand where you are coming from.

I'm not quite sure how you came to that hypothesis. Are you sure your not thinking of a more parity based style of trading? Something such that you are providing liquidity on both sides of the market profiting from a penny spread or such. Also, a "day trade" doesn't have to be something that is sub second. By definition a intra-day trade can be anything that opens/closes within the same day, that could be hours. Similarly, there are top managers that risk billions on trades that are also of a short time frame, so $100K on an intraday trade isn't anything crazy at all. There are stocks that provide enough liquidity that you could probably pick up $100K worth of stock instantly. Also, not that you are interested, but if you were to look at either one minute charts or tick charts, you could find various stocks that trade ten's of millions of dollars within a 1 minute time frame. There are a few guys on something as public as youtube that shows individual traders moving 6 figures worth of stock on single or dual trades.

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  #47 (permalink)
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Limitless100 View Post
I understand where you are coming from.

I'm not quite sure how you came to that hypothesis. Are you sure your not thinking of a more parity based style of trading? Something such that you are providing liquidity on both sides of the market profiting from a penny spread or such. Also, a "day trade" doesn't have to be something that is sub second. By definition a intra-day trade can be anything that opens/closes within the same day, that could be hours. Similarly, there are top managers that risk billions on trades that are also of a short time frame, so $100K on an intraday trade isn't anything crazy at all. There are stocks that provide enough liquidity that you could probably pick up $100K worth of stock instantly. Also, not that you are interested, but if you were to look at either one minute charts or tick charts, you could find various stocks that trade ten's of millions of dollars within a 1 minute time frame. There are a few guys on something as public as youtube that shows individual traders moving 6 figures worth of stock on single or dual trades.

this is kind of an escalation don't you think....

You are not setting a real scenario IMHO....we are talking about a person (even though it is a fantasy question) who is wondering about getting into the stock market full time giving up their job.....not a multi million or more like billion dollar group shaving points in seconds.

I don't doubt there are people that do this....BUT to quote the original premise of this thread


Quoting 
If you are averaging $500- 1000 per day from part time trading and you had been achieving this for the past 6 months.

I understand that intra-day means All DAY but this scenario is not part time. And I know few day traders that have the skills to hold onto a single trade that long....most of their trades last 30 mins to an hour to net 2-5% usually

Name me one common stock that trades ten's of millions of dollars per minute that ordinary part-time traders have access to????

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  #48 (permalink)
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Underexposed View Post
this is kind of an escalation don't you think....

You are not setting a real scenario IMHO....we are talking about a person (even though it is a fantasy question) who is wondering about getting into the stock market full time giving up their job.....not a multi million or more like billion dollar group shaving points in seconds.

I don't doubt there are people that do this....BUT to quote the original premise of this thread



I understand that intra-day means All DAY but this scenario is not part time. And I know few day traders that have the skills to hold onto a single trade that long....most of their trades last 30 mins to an hour to net 2-5% usually

Name me one common stock that trades ten's of millions of dollars per minute that ordinary part-time traders have access to????

I think our issue is that you are speaking for a part-time reference (the subject of this thread). While I, am speaking as a generalization of full time traders. What I am referencing would NOT be very logical for part time. I was more speaking directly to you in reference to your original comment opposed to the posters original post, I apologize.

Also, in regards to your last line, I would very much like for the original poster to define his "part-time"

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Jesse

I became full time when I earn a enough to buy some houses to rent which carrying passive income a I have only focused on trading.

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Jesse14 View Post
I became full time when I earn a enough to buy some houses to rent which carrying passive income a I have only focused on trading.

That is probably the best way to go about it. Just makes it a lot easier when bills are taken care of and don't need to be paid from trading profits.

The sable coat in Reminiscences of a Stock Operator is a good example of just how the need to create money can cause unnecessary losses.

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