Can You Really Make A Living Trading Stocks?
Q: Is this possible?...could someone potentially make a living trading stocks at home all day?
A:
Yup. That would be because you haven't recognized your own gambling
problem yet, therefore everybody else is a drunken gambler (or
"logic" something on that order). Since you're a wild eyed
gambler, anybody else involved with stocks "must be the same". Not.
You're a bit like the alci drunk who thinks he can drive, despite
being three sh
that SOBER drivers, those of us who don't consume alcohol at all,
really are doing an entirely different thing than drunk driving.
You might give Millstox' suggestion a try.
Yes, No & maybe. Depending on what you plan to trade (stocks, bonds,
futures, options, frozen concentrated orange juice, etc.). Your $14,000 may
or may not adequately fund a trading account. Also, the timeframe in which
you choose to trade affects the minimum amount required. Pattern Day Trader
Rules require a minimum of $25,000.
Since this thread questioned: "making a living' off of trading stocks", the
quality of your lifestyle (read: how much you spend) directly affects the
minimum required dollars needed to "make a living off trading stocks".
Mortgage? Car payment(s)? Credit Cards?
Trading is a skill, and like any skill, it requires time to develop. If you
required a coronary bypass graft, you wouldn't hand over your money to a
Heart Surgeon that read a few books and practiced on a simulator a few
times, would you? Of course not.
Take a step back and educate yourself. Start by making a few trips to your
local library and reading as much as you can regarding the profession you
desire to enter. Get a feel for what type of trader you wish to become, and
what type of trading you wish to do. When you can answers these questions,
you will know if $14,000 is enough.