Trading shares as primary income source?

WillyWonka said:

Hello,

I was interested to know if anyone here uses share trading as their primary income source?

It is a dream of mine to give my current line of work a friendly wave good bye and try my hand at something else.
I was wondering what sort of capital one might be exposing to the market to make a return of around 50-60k a year?

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Boggo said:

Look at your profit for the last year as a percentage of your current trading capital and you can work it out easily.

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CanOz said:

Nick Radge once said to me regarding trading full-time "when your trading income is three times your normal salary income, you could be ready to start trading full-time"...

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WillyWonka said:

Hello,

I was interested to know if anyone here uses share trading as their primary income source?

I was wondering what sort of capital one might be exposing to the market to make a return of around 50-60k a year?

Click to expand...

Boggo said:

Look at your profit for the last year as a percentage of your current trading capital and you can work it out easily.

Click to expand...

So_Cynical said:

That's true, and based on my average of 16% i would need around 345K, however my retirement needs are less than half your 50 - 60K figure so as of yesterday i have officially moved into semi retirement. feels good to.

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skc said:

http://www.michaelkdawson.com/2011/04/23/how-much-money-do-you-need-to-start-trading-full-time/

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So_Cynical said:

so as of yesterday i have officially moved into semi retirement. feels good to.

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