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-- Big Mike, Site Administrator
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There are two for sure SMCJB and Big Mike. There are a few others. The rest of us are taking our lumps and bruises to get to trading for a living. I'm not there yet. But I am close and I started trading in 2016. This road is not easy.
Hard to give a yes/no answer. But I'll give you my scenario. Obviously, I don't speak for others.
After I was laid off from my corporate position in 2018 (after 28 years of work and 18 years with the last company I worked for) due to acquisition and workforce reduction, I decided not to get back into corporate and make a living as a trader. Had some success previously while income was flowing from work, so I thought I could build on that. It has been a tumultuous road. It was much easier when I didn't have to rely on income from trading. But I've managed to stay out of working 9-5 which is a huge win for me mentally.
80-90% of my income comes from trading ETFs, dividends and interest income (we've had such high interest rates the past few years that even sideline cash earns a good 5% so that has helped while cash was waiting to be invested/traded). I have other smaller sources of income like consulting. Also have a wife who works and gets health insurance from work, but her income is still lower than mine.
Things are ok and we are getting by and I'm happy not to be a corporate slave. Have to give up on some luxuries and conveniences, but to me that's a small price to pay for freedom. Still trying to expand and build on sources of income.
To answer your question: Is it doable, yes. Is it easy, hell no - at least hasn't been for me.
Apologies for the long rant.
