Is trading and investing able to earn for living?
I have been trading and investing since 2014, and recently I have found a strategy that works well for me. Over the past 12 months, I have earned an average of about $4,000 per month.
I know this amount is not much, but I have limited education, so I don’t think I can get a job that pays much better.
I recently got married and have kids, and my wife helps me with my business, which is not doing very well. Her income is also very low.
In the past few months, I have been spending more time on trading and investing, treating it like a full-time job, and the results have been quite decent.
I have been able to make $12,000 per month for the last four months. However, I’m worried that it may just be due to luck.
My question is, as the sole breadwinner, I feel quite stressed. I feel a heavy burden with every decision I make.
Do you have any advice or suggestions? Should I focus on my trading and investing or look to start a new business?
Netizens’ comments
- These are irrational and crazy times. To make that amount you are either taking a lot of risk, which since you are doing well means you are good at handling stress. Or you have a very large capital which means you shouldn’t worry also.
But you can’t decide on this simple thing when much of trading is making decisions with incomplete data and accepting it for better or worse, so perhaps it’s luck and you should cash out while the house is in your favour. - In this environment you still can make actual cash out profits of 12k per month as a retail trader? You’re a genius already. Why post here? 12k is net profit after accounting for living expenses?
- I am also doing trading. Trading is a risky business. I rather you start a simple company or get employed in a job that pays you monthly salary.
- Better find a job in between to sustain than leave everything to trade. At least theres some income keeps rolling every mth.