Trading Stocks & Shares From Home

[st_files]

How realistic is it to make a decent wage* from trading stocks and shares from home?

-* £50k+ pa

Edited by st_files on Wednesday 17th March 17:40

[Soovy]

LOL.

A few people do it successfully.

A LOT of people lose everything very quickly.

[ironictwist]

I want tips from Gulzar...That's an ideal situation if I ever saw one, from the surface at least

[Justayellowbadge]

Same as it is at Ladbrokes or Paddy Power.

[st_files]

Justayellowbadge said:

Same as it is at Ladbrokes or Paddy Power.

You really think its largely blind luck?

[ShadownINja]

There was a thread on this just last week.

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[ShadownINja]

Soovy said:

LOL.

A few people do it successfully.

A LOT of people lose everything very quickly.

Pretty much. Most people will blow up their account before ever sniffing true success. Beginner's luck is the worst kind of luck because you start to think you're a trading god and take bigger and bigger risk. I've been lucky in that I've never been lucky IYSWIM.

I've seen so many retail traders come and go, it's quite depressing really. I should place bets with myself who will be trading two years down the line.

[ShadownINja]

doogz said:

Unless you really know your stuff, then yes.

And if you do know what you're talking about, why not get a job?

Because they don't want to get up at 5am every day. If done right, you could be working "part-time" and making a very nice living out of it. I know a handful of people who've attained this success. You can tell they are not bullstting by the way they talk about the topic, for instance, when they talk about their experiences they match yours. It's a funny game, really - the only person whom you know the truth about is you.

Edited by ShadownINja on Wednesday 17th March 18:07

[Soovy]

This guy has made millions. He's one of a VERY small group who have.

http://en.wikipedia.org/wiki/Simon_Cawkwell

Edited by Soovy on Wednesday 17th March 18:10

[Fittster]

Most highly paid experts can't beat the market. So become an highly paid expert, much easier than beating the market.

[ShadownINja]

Fittster said:

Most highly paid experts can't beat the market. So become an highly paid expert, much easier than beating the market.

Good point, well made.

[fido]

on average you won't make more than sticking it in a tax-free savings account .. but you could make more than average how much would you need in cash to live off the interest?

[ShadownINja]

fido said:

on average you won't make more than sticking it in a tax-free savings account .. but you could make more than average how much would you need in cash to live off the interest?

£1 million. About £9k a year would do me.