Are you considering quitting your dayjob to daytrade?! Message Board

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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?!

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To: Bald Eagle who wrote (194)	1/18/1999 10:20:00 PM
From: Master Trader	Read Replies (1) of 611

<<Let's say I need $5000 a month ( before taxes ) to pay mortgage, food etc. How much capital would I need to succeed, assuming I can handle the rest of the problems associated with day trading.>> I would say $3000x18 months in spendable cash after taxes, (I am assuming this is already in bank) not including your trading account(s)........which is tough to do much with anything less than $100,000. Add it all together and you get darn near $160k. can it be done with less? Probably. What are the chances on anything less? Slim The learning curve is long and expensive, anyone who tells you different has not finished the curve or a very special and unique situation.

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