Is it plausible to make a living souly on the stock market?

Question

I want to know if it is possible to make a living by trading on the stockmarket?

Answer 1

yes you can, but learn how to minimize risk of losing money is the key to successful trading. don't worry so much about making millions of dollars first.

Answer 2

It is plausible and, actually, very easy to make a living. The thing that is hard is finding out how. It took me many years to find out what to do and now I can easily make 10-20% per month. That means I don't need hundreds of thousands of dollars to make a living. If you need 30k per year, you only need at most 30k in your investment account.

My day consists of getting up about 6:25 pst so I can see where the market is and write down the starting prices for my potential positions. I watch the market for about half an hour and, hopefully, find an entry point. After I'm in, I enter my exit price to sell. Sometimes I'm in for a few minutes, sometimes all day (that means until 1pm pst). While I wait for my money to be made, I am a stay-at-home mom to an infant and a toddler. I occassionaly peek into the office to see where the market is trading.

What I do takes very little time, very little money (relatively), and has very little risk. In return, I get a very good return on my investment. I now know that it is a waste of money to buy and hold stocks, invest in money market funds, put funds into CDs, and most of all, it is a waste of money to follow conventional investment advice.

OK, bottom line - YES, you can make a living solely on the stock market. If you want to really know how, all you have to do is ask.

Answer 3

Yea, I know of a few people who do it, but it's not easy and it's basically like a full time job for them. You have to have a large amount of cash already available to invest, I'd say probably $1million. This way you live off of your gains of that million and hopefully build on it as well. However, this is not at all easy, and if you've never invested before, I'd suggest opening an account with a smaller amount first to get the hang of it before quitting your day job.

Here is a link to a blog of a guy who trades for a living. He does an incredible amount of research, it's no easy task!

http://www.thekirkreport.com/

Answer 4

I will go straight and answer yes to you.

Yes, you can make a living on it as I know some who do. But like most other things involving money, it is not easy.

You have got to analyze a lot, predict and hope you get lucky.

But you can get this robot called "Karl" that will help you with this. The robot will recommend stocks for you to buy based on a series of analysis that would be impossible for a human being.

Check it out below:

http://www.ewealthsuccess.com/money.html

Answer 5

I'm not here to hock funds because that isn't what you asked, but I can let you know that it is very possible to live from the income/gains on an investment portfolio. The group I work with has just over 2500 clients that are mostly retired and doing just that for the rest of their lives.

Answer 6

Of the people that actively trade stocks, 75% lose money. By the time you figure in trading costs & taxes, that rises to some 90%. There are people that make money actively trading stocks, the question is, are you one of them??

Answer 7

It depends entirely on how much capital you have, and how much you need to make, to make a living. If you have 500k in capital, you might be able to make 50k a year trading. (10% annual return on capital.) You might make higher returns. Or, you might make lower returns. You might even loose money. You might even loose most of your money. Trading entails risk.