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?
Here are what netizens think:
- In this time of turmoil, it still takes deep pockets to invest. Sometimes shit happens so you will still screw up. If u do not have a FT job to fall back on, it’s good to start hedging ya winnings into gold, safe havens, property, REITs… Many will say that investing isn’t gambling. But for me, it’s all the same. U can’t predict it, u have to put an initial capital/ stakes… It is betting. So bottomline- u need deep pockets. And when ya single, you’re fearless. U make better judgements. Now if u r hesitant, you could be making a bad call. For e.g. u straddle when u can do a long call. So.. I suggest u build deep pockets.
- Better find a job in between to sustain than leave everything to trade. At least theres some income keeps rolling every mth.
- I don’t trade but I know that trading has its ups and downs, you can do both trade and develope something else on the side?
- Trading is super hard especially for ppl who can’t regulate their emotions. Definitely not for everyone. The fact that you can survive and make a living out of it means you’re definitely doing it right. There are some ppl who are even able to monetize their skills to start coaching – but a lot of the courses are fishy and fluff too.