trading & poker

[zerosum]

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For the love of god, get a job.

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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?

1. No, longterm investing & a few shortterm trades.
2. European Stocks 1:1
3. I don't live in the US.

[MrBlue]

If you're swing trading, why not hold down a job and trade on the side? If you are as good as you think you are, you'll be increasing your networth much much quicker than just living off investments alone.

Yeah, you're right. I'm now taking into consideration taking a job in the financial industry. I think the magic number where trading income exceeds fixed income additionally is very very high.

Now you are on the right track:
What people are trying to say to you is that you are asking the wrong question. That alone alows them rightly to assume that you probably wont make it neither in poker nor in stocks with your current knowledge and concepts. You have to be really careful with your future plans and heavily improve on both fields before you can make a serious attempt to beat anything - and not end up as sushi yourself!
You seem to be in some early stages of a learning curve to a master of games. Until you reached a competitive level (and right now you dont have) look out for a job first, spend time reading books and 2+2. The job wont necessarily hurt you on your way. Its not how much time you spend with learning, but the quality of your studies - which are quite suspicious (from what i see in your posts).
good luck
u

[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.

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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.

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1. Not in the country I live in.
2. How do you tell?

[Alex/Mugaaz]

[ QUOTE ]
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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.

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1. Not in the country I live in.
2. How do you tell?

[/ QUOTE ]

Uhh, cause Paluka is good at both?