Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

Community

Share knowledge. Find answers. Ask questions.

Online Share Trading

Engage and learn about markets and trading online

Full-time Traders?

Reply
Highlighted
Frequent Contributor
not sure which investments you look at...money markets? o.0

Ive got my bonds that earn 15% return after tax, which means that either I can buy a house for R1m and trade with R0.5m and then get an salary on the side of another R43k per month (or I could pay rent and earn R 50k per month) plus I can leave my trading account to grow as well.

R40k per month should cover any drawdown I have on a R 500k account.
0 Kudos
Reply
Highlighted
Super Contributor
If all you got and start full time trading with R100000 you'll be competing for a spot in the parking lot with the other car guards by the 2nd month.
0 Kudos
Reply
Highlighted
Super Contributor
yes, lets settle on R500k then. The R100k minimum is based on buying at least 2 ALSi contracts and living off your wife or parents.
0 Kudos
Reply
Highlighted
Super Contributor
well, just make sure your wife is rich, or she may be competing for the car guard!
0 Kudos
Reply
Highlighted
Super Contributor
Don't forget that this is a BBEEE position! You may not even be eligible for this.
0 Kudos
Reply
Highlighted
Regular Contributor
Interesting ..... I genuinely doubt that there are ANY traders (in this forum) who have made a living from trading. Yes - some INVESTMENTS might have done well but real trading? Eventually you will get wiped out. Some good wins - possibly in the short term? I would define a trader as someone who trades almost daily...not Simon's "easy / lazy" systems.
0 Kudos
Reply
Highlighted
Occasional Contributor
HI EVERYBODY,JUST GOT INTO TRADING AND STARTING TO MEET SOME NEW FRIENDS ON OT
0 Kudos
Reply
Highlighted
Occasional Contributor
HI EVERYBODY,JUST GOT INTO TRADING AND STARTING TO MEET SOME NEW FRIENDS ON OT
0 Kudos
Reply
Highlighted
Super Contributor
Traders who trade the ALSI, intraday or day trade : that's the holy grail. You don't hear of the ones who have made it in the general media. But they are it there , you have to be one to know one.
0 Kudos
Reply
Highlighted
Valued Contributor
mullet, trading is anything sold within three years of buying to my thinking (and SARS) ..
0 Kudos
Reply
Super Contributor
In fairness - SARS would like to make that 30 years. So that is the test that may just keep on giving. (LoL)
0 Kudos
Reply
Highlighted
Super Contributor
on this topic of full-time traders, has anyone ever attended Dr Alexander Elder's Trader's Camps?
0 Kudos
Reply