You and I play stocks must have one main goal: To make a profit. But the question is, can profit from playing stocks be used as the main income? Or is playing stock just used as additional income?
In fact, many stock players want to make stocks their main source of income. For those of you stock players, if you have thoughts of making stocks your main income, aka trading for a living, it's a good idea to consider these decisions carefully. Also read: Full Time Trader and Trading for A Living, Same or Different?
The two main decisions if you want to make stocks as a means of trading for a living are that first you must be able to get consistent profits. Second, you must be able to generate profits that are able to meet your daily needs. Also Read: Become a Full Time Trader - Part I. Become a Full Time Trader - Part II.
"Brother Heze, the ideal amount of profit that can meet the necessities of life is how much?" Ask you
If you want to trade for a living, at least you should be able to profit consistently for a month. For example, you can generate a consistent profit of 3% a month with a capital of 100 million.
That is, every month your 'salary' from trading is Rp. 3 million. Can IDR 3 million be enough for your daily needs? Are you able to set aside your profit for saving with a profit of IDR 3 million a month? Only you can answer it.
I sometimes find (although not many), stock players who are determined to become full time traders, even though they have not carefully considered the decision. Finally, not a few of them actually find it difficult to manage their finances from trading.
So, if indeed you can't consistently profit from stocks, your capital is still not sufficient and even if you have consistent profits and sufficient capital but your profits can't meet your daily needs, then it's a good idea to use trading as additional income.
