How Much Money Can You Make Trading Stocks?
Posted by Jon on August 13th, 2010Many people who get into the business of trading stocks like to ask the question “how much money can I make?”, which is often the wrong question to ask because the answers are so dynamic and differ based on who you work for and what you trade.
There have been traders who have made billions of dollars in a single calendar year. This isn’t really that rare of a feat but let’s just say that you’d have to be in the top 10 or 20 traders in the world to be able to achieve a billion dollar payday.
The amount of traders that make a million dollars is quite vast. I’d say that the majority of traders who work for propular Wall St. firms are able to achieve the big six-figure payout. That’s the beauty of being backed by not only the money of a big company but also the expertise and knowledge that is often handed to you when you have such a job at such a firm.
For home traders it’s hard to know how many are actually successful with their trading, but I’d have to say that the percentage is quite low. Home traders usually have a limited amounted of cash at their disposal and sadly most of of that money gets eaten up by the steep learning curve that’s needed to learn how to trade.