Oz, we are probably more in agrement that you think.
Yes, if you actually start with $75,000 rather than $50,000 (setting aside $25,000 for expenses) pre-pay bills, don't have a mortgage, have reduced you living expenses, etc. etc. then our figures start to converge. :) (Your $75,000 is darn close to the $100,000 that I've called-for for somebody who has minimal expenses.)
Actually, for somebody who doesn't have a valuable career, or has one that can be put "on hold" without damage, and has $50,000.... sure, in this market move in with the parents, do whatever it takes to drive your expenses as close to zero as possible, and trade away!
The important thing is to be able to increase your trading capital now while the market is hot. The things that you have suggested accomplish that, just in a different way than maintaining a day job.
I think this discussion is useful. Sorry if I offended anyone, but I think I was able to draw-out the important details. Simply leaving it at "$50,000 is enough to day-trade full-time" could mis-leading people into buying-in to an unrealistic scenario.
(BTW, there IS another thread here called "do you want to quit your job and day-trade full time?" or some-such... I suppose those interested should go there, where they are likely to find this subject discussed ad-infinitum.) |
