trading & poker

I started out trading this year and managed to achieve a 83% ROI annualised (38% in 191 days).

My next step will be to get together a good trading stake so that I can trade fulltime. I think I can beat the market big time. I think I have a good feel for it and the skills required (analysing a situation, thinking in a broad perspective, etc).

I'm getting serious about poker and figured that would the best way to make some money to get together my trading stake. I worked as an IT-consultant last year and taxes & rent ate my earnings alive.

I started out this august and beat 1$/2$ Limit from the start. Unfortunately I lost my earnings to NL games. This week I'm taking another shot at Limit, including using PT, bonus-whoring etc. I want to move up to 3$/6$ by the end of the year.

Q1) What do think of the idea in general?
Q2) At the moment I'm out of work. Should I get a job again for some non-variant income? I'm getting unemployment benefit, which is quite a lot. (~150-200$/month)
Q3) When should I shift from my poker BR to my trading account? I guess I want to have at least 10G$ before cashing out.

I'm 24, got a B.Sc. and would like to do a M.Sc./Ph.D. but I don't have the money.

[Paluka]

For the love of god, get a job.

what were you trading?

[zerosum]

[ QUOTE ]
For the love of god, get a job.

[/ QUOTE ]

[tek]

Work during the day. Check your stocks while working. Play poker at night.

For the love of god, post if have to say something and stay away otherwise.

My salary when I would get a job again, would be ~45G$. tax is about 18G$. So my net salary is about 27G$ for which I would have to work 45h/week 46weeks/year =~2000h/year. I have to substract extra expenses (car etc) ~3G$.
That would be an hourly rate of 12$.

This about the bottom end, what I can think I can achive playing Low Stakes LHE, not including moving up to mid/high stakes.

More importantly is the growthrate of possible earnings. In a standard average career I would guess that would be max 5%/year. This is the absolute bottom end of what I think I could achive playing poker.

Another benefit would be more free time to study the markets. My performance would improve perhaps 15-25%. That would be an extra of 1.5G$. The dole is an extra of 1.2G$.

To sum it up:
1.year:
day-job: 24G$
poker: 4 tables x 2$ (1bb/h)=8$x50h=400$x46weeks=18G$
+dole 1.2G$
+trading 1.5G$
=20.7G$

2.year:
day-job: 26G$
poker: 4 tables x 4$ (1bb/h)=16$x50h=400$x46weeks=36G$
+trading 3G$
=39G$

I the extra $$$ pays off the negative effects:
-> not much contact with people
-> parents won't be very happy

Any substantied critism will be greatly appreciated.

[MrBlue]

Are you day trading?

What products are you trading?

How are you getting past the PDT rule without 25k if you are trading equities?

[Paluka]

The idea that you can beat the market, but you somehow aren't smart enough to get a better job than the one you describe makes zero sense to me. If you are such a master of trading and poker, you shoud be able to get a great job. From your posts, I don't think you know the first thing about poker or trading.

[zerosum]

[ QUOTE ]
For the love of god, post if have to say something and stay away otherwise.

[/ QUOTE ]

OK. You have asked for advice from strangers. You have thereby demonstrated that you are NOT ready to undertake your propoposed course of action.

Right. Anyone who has a clue doesn't use this forum! How about contributing something meaningful, proving a line of argumentation, instead of just spamming the thread.