Can one quit his job to make money from stock market as a day trader?

1. A number of times I encounter a question from stock market traders who ask a particular question related to their leaving their professional job permanently and getting into day trading as a regular job. Now I generally see that this question is asked higher number of times during a bull market and rarely during a bear market. My answer to such individuals is to remain with their permanent job as stock market trading is also a tough job and generally 90% of stock market operators lose in the share market and remember that 90% of options expire worthless due to erosion in value due to time component. Moreover Murphy law get into action as generally one will face a bear market on having undertaken the investment.

3. Another question being asked to me is that how much they can earn from stock market and my answer to them is that 20% is a reasonable return for a seasoned stock operator and in case if one is a new/novice/green horn investor than he should aim at best 10% returns from the stock market.

3. One of the readers asked that he has spent a considerable amount on an automatic trading platform, than my advice is that one need not spend hefty amount on these auto trading soft wares as one will need to work overtime to break even i.e. recover the cost of auto trading system. I will not recommend any body handing his hard earned money to auto softwares as it will lead to disaster as it is like running a car on auto pilot. Stock market is full of emotions and thus it does not behave the way an auto software functions.

4. Another question doing round in the corridors is the amount to be invested in stock market than a simple answer is 10 times the returns expected from the market. Moreover remember that the amount one is investing in the market should be personal owned and one should not dream of undertaking trading on margin money as it is a sure shot secret to get into a financial jeopardy/ disaster.