/biz/ how much should you be making at 28? I feel like I am

I then should kill myself scoring in at 80k end of 2017 at 37, right?

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I made ~ $5,000 this morning. I'm 27 btw.
I guess you should kill yourself now.

>>1933565
25k in netflix

>>1933582

Are you a pattern day trader? Is that your full time mode of income?

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>>1933611
>pattern day trader
nope, I trade on the news.
Takes me between 1 minute and an hour per day when there is a good news.
No need to waste more time looking at the markets all day long like a dumbfuck.

checked

>>1933621
best news site? best news topics? (company joinings)

Im assuming you rode JNUG after the fed balance sheet announcement.

Also, how do you predict things like PLUG and amazon contract. Doesn't that come out of nowhere?

I'm making 36k @ 27, but I have about 150k in the bank, which pretty good.

It's a bit disconcerting that most of my investments regularly swing more than I make in a single day @ work.

>>1933621
pretty damn risky though (assuming you're not LARPing and assuming you aren't using an HFT algorithm) - the reactions to any data points like these are "instant" nowadays so you either have to have very good insight into what the data will be before it appears or you'll end up losing just as much as you make averaged over long periods of time.

>>1933628
I use myfxbook and dailyfx
but sometimes one have news and the other doesn't have them, so better keep several websites to be sure to see everything.

>>1933633
>the reactions to any data points like these are "instant" nowadays
that's the good part, I trade a minute before the news, put my stop loss, so in case I'm wrong I lose like nothing. But most of the time I anticipate the news correctly.
You need balls of steel when you start but after a few months it's alright.

>>1933565
Making $56k at 20. I'm pretty sure in your 20s, your work environment and potential for advancement is more important than your salary.

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>>1933641
Can i have an example of some specific news you ride? I can see how this could take an hour everyday, it all looks like bullshit. Hard to believe theres a gem in here and how you can get it. Do you just wait for livefeed here?

Also, what time do you look at the news.

>>1933565
Feel lighyears ahead at 50k at 31. Wages are shit here and im into real estate.

>>1933621
TEACH ME?????

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>>1933652
He probably looks at data like pic-related, those are the points which cause market reactions (especially in FX and commodities).

>>1933662
that's on here btw:

http://www.forexlive.com/EconomicCalendar

although they tend to a bit slow, so it's better to use one which has faster direct access to the data (I use the CMC markets calendar).

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>>1933652
That the hard part, it took me several months to see what news move the market, but when you see that, then you can pretty make money nearly everyday.

for example, take this news AUD, the graph will be in the next picture.

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The interest rate was anticipated to stay unchanged.
So the AUD would drop and what happened...
it dropped against the GBP, EUR, CAD, USD...
but mainly against the GBP.
On the graph the bars go up because it's the GBP that appreciates against AUD falling.

On this one 58 pips profit (really easy) in less than 30 minutes, with what I trade (10 volumes) it's ~ 5600$ (2 pips spread or $200 spread)

You can put your stop loss at 10 or 15 pips depending on you risk aversion.

And that's how it works for me. No magic, just logic.

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Another example.
3rd april, small news on the GBP again.
Bad for the GBP, so it drops.
look what happened (next picture)

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took about 3 bars or less than 45 minutes to make ~ $ 2,900

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For example, I can tell you something will happen on the GBPUSD and EURGBP the 7th April.

Not all news move the market, if you take one news or two per week it's way more than enough, at least for me.

I hope I make myself clear.

>>1933565
If you're still a wagecuck at 28 you've failed regardless of how much money you're making.

>>1933728
Are you enjoying your tendies?

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>>1933666
>>1933670
>>1933684
Absolutely genius. Im a bit overwhelmed. Im pretty much just used to the basics. im glad that it takes months to learn and im not just retarded

I make 140k a year but I still hate being a wageslave.

>>1933788
Yeah start with a demo account, see what moves the market and then,
BOOM
you will learn that the markets are somewhat really stupid. and thanks to this stupidity you can make money and stop being a wagecuck

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>>1933788
I forgot, when you realize the potential and the REAL freedom it gives you, you will be so happy.
Become a NEET!
www.youtube.com/watch?v=CJ_HTABr7hA

$80k at 25.

Also for all of you foaming over the trader in this thread: they never share their losses

I have a friend who day trades and has for a long time. I've never heard him talk about major losses before, and only talks when he makes $2k-10k in a day. Remember, if it sounds too good to be true, it probably is.

>>1933793
>>1933797
thank you, anon

fuc normies

>>1933802
I told them I put a stop loss, retard. I never said I never lose and always win. But the more you trade the better you anticipate the news. Hence your % of profit is reaching 100%.
>>1933806
I hope I can make you live a better life than this:
www.youtube.com/watch?v=vRHCp9Wblro

>>1933565
>I feel like I am way behind at 50k.
I'm 33 and I only make $13000 a year on benefits

Its pretty good. Dont have to work.

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>25 years old
>make 40k/year driving a forklift

Feels bad man

>>1933565
When I was 28 I made 0 dollars. I'm 31 and made 230K last year at an actual job.

What do you do for a living, anon?

>>1933582

Okay I get that you made a big win today and are posting about it.

But what did you net last year?

>>1933576
what do you want to hear

>>1934464
What's the job?

>>1934611
I do work in Business Intelligence.

>>1934653
been bouncing around account management/saas sales type stuff - any recommendations for getting into decent paying B.I work?

>>1934661
Honestly, for the most part they don't get paid as well as I do. I got pretty lucky.

My main recommendation would be to do a stint as a consultant in either analytics or corporate strategy. That really gets your foot in the door at a lot of places and can look very impressive on a resume. It also teaches you how to speak to executives if you happen to be more of an analytical type like I am.

The technical bar isn't actually that high: while I know about a dozen tools/programming languages at this point, I basically work with Tableau, Excel, and SQL 95% of the time, and could probably get away with it 100% of the time.

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>>1933797
hi there bro. ive never worked under contract in my life, always small biz, freelancing, etc. been fine. but now its getting slow, im getting older and i have some savings.
between going the normal job at this age and learning how to trade..trading is it. your info is valuable, but im a noob to all this world. any advice on stuff to read or other sites i should check? any tips on how to get started the smart way. beeing from a normal family and knowing shit bout this world? thonks honk.

btw i refuse to be a normal life pleb, to hell with a normal working life. i like to live.

>>1934653
Does it require good communication skills?

>>1934653
Jeez, which industry / position?

>>1934698
Yes.
>>1934700
Games and Entertainment. I work for a relatively small private firm so I can't get too specific.

>>1934706
Thanks man

>>1934435
Better than 40 years old making 25k/year driving a forklift

>>1933684
kek @ your support and resistance, kys

Explain me one thing:

Wages seem so much higher in the Us then here in Europe, yet your companies stay competitive? How come?
We have very highly educated people in my country, yet median wages is 45k and average 29k.

I myself am much better off than most my aged (27) and I earn only 57k which is shit compared to the Us.

>>1935793
I've always wondered the same.

>>1935793
>>1935979
They aren't: the median household income in the US is around 50k.

There are, however, a lot more tech, finance and fintech jobs than in most European countries, and those pay well (at least low 6 figures.)

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>>1933720
What did I told you two days ago?
Look what happened.

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24 pips or more if you wait to make this morning.

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update
if you just waited and did nothing since this morning trade you would be at 60~70 pips profit.

28 making 22k a year
Feels bad man

>>1937052
And that's usually on a double income, man and wife scenario.

OP making 50k a year at 28 puts him way ahead of most of his peers, in fact, it puts him way ahead of most people in the US in general.

But it's all relative to your money in and money out. I make 38k a year while my GF makes 45k. I save $1500 a month and she lives paycheck to paycheck because of student loans, car, etc, whereas I didn't take loans, etc.

I know people making 100-120k a year that don't save as much as I do, so it's all relative.

My parents give me about 30k/year and my crypto net me 200/day
After i finish college, I'l have access to 1mil to invest in real state.

>>1938351
>invest in real state.
lol
With 1 mil on forex, I can make 30k to 50k a day.
just saying

>>1938428
real estate might be more stable than forex which could be what he is looking for

>>1938452
>stable ???
I want to make money, not earn pennies in a year.

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>>1938428
>Gambling savings on forex
Yeah man, you do that one day, I just doubt you will ever have 1 mil considering your bright ideas.

>>1938481
>Gambling
>on forex
if you think you gamble on forex then you are mentally retarded

>>1933793
What trading platform do you use?

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>>1938623
MT5

>>1938631
Thanks, I've been interested in this type of thing but had never seen anyone with something to back up their claims. Is this just options trading or is it something entirely different?

>>1938640
>options trading
nope, purely news trading or also called fundamental analysis

>>1938644
Fantastic. I'll look further into this. Any advice on a good starting capital?

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update 2
if you, again, just waited, and did not close the trade yet: ~ 83 pips profit

With 10 volumes it's ~ $8,100 profit in a day.

>>1938648
if you want to trade for a living you want to start with 30k ~ 50k. people who say they started with $1,000 and made 10k in a week are complete bullshit.

What you want to do is keep on making a few thousands every week, and then you see your capital grow slowly but nicely.

>>1938657
Appreciate the info.

>>1938667
You're welcome.

PS: start with a demo account with 100k and when you manage to double that account, i.e. made 100k in profit you can start with real money.

>>1938674
best site to do a demo trade acc on ?
what program are you using for trades ?

>>1938900
Metatrader5, just download the software, it's free and create a demo account with fake info.
It takes you 5 seconds.

>>1938904
ty anon

>28
>$75k as engineer
>...
>work in nyc

Life is suffering. I live on the island with my mom but even if I saved every penny a down payment on a house is at least 5 years away. Taxes take up 1/3 of my paycheck and that is after 20% into 401k.

Fuck NY. If I didnt have personal reasons to stay id be gone instantly.

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>>1938914
>NY
...

>>1933582
How?

>>1938674

Answer my question.

What did you net last year?

I make that at 22 and feel like utter peasant trash

This thread is pretty worthless unless you state your location.

$x is much different in bum fuck nowhere Nebraska than it is in San Francisco California.

>>1933728
Some of us don't wake up until we're in our thirties.

Better late than poor forever ever.

I'm 26 making about 100k with overtime and bonuses, and I lag wayyyy behind everyone else in my circle. Friend of mine is 22 making 140k, no debt, and on his second house. God damn it. Learning shit used to be so much easier when I was younger.

>>1934435

>29 years old
>make 16k/year driving a forklift

You don't even understand what bad feels like.

23, 19k a year as a janitor:(

>>1939881
>23, 19k a year as a janitor:(
>45, 190k a year as a janitorial contractor :)
Best skill I ever learned is how to shine a hard floor

thanks Marine Corps

>>1938904
bro are u still there ? man i learned so much from this thread, thank you . got any other tips, or area where i can learn more? where did u get started on ? school college? youtube videos ? books ?

so do i just donlowad mt5 and deposit money or does that require a broker?

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Around 3x(your countries average salary) if you want to be considered successful (this amount not being the ceiling).

I make 80k/year before taxes, social security, health insurance etc.

All you talking about your salaries: Are u talking before or after taxes and shit?

>>1939956
Can't speak for everone but I'm talking about pretax including any performance bonuses.

>>1933641
Does the price ever blow past the stop loss. Let's say your trading jnug for example and you assume the adp non farm payroll is really good and the dollar goes up and gold plummets. So say a minute before this comes out you buy 1000 shares of jnug at 6.50 and set your stop loss at let's say 6.40. Is there ever a time where it wouldn't sell at 6.40 and say it would sell at like 6.00 or something like that?

>>1940443
i'm not that guy, and i don't know what jnug is but, if there isn't enough liquidity in a particular market/stock the price can jump through your stop, yes.

In your example, since your stoploss is at 6.40 if there is no one willing to buy your shares at 6.40 you will be quoted the next price there are buyers. in your example buyers come in at 6.00

>>1934435
benefits tho?

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>>1940465
Decent health plan
15 days vacation
No vacation pay but we get 6% for vacation on each cheque
7 sick days(unpaid)
$500 for massages and shit

There were other benefits too like pension contribution matching and a yearly bonus but they got cut when the oil industry went to shit

>>1933565
I'm 21, making 21k, no sympathy for faggot op

>>1938653
>>1938237
>>1937697
How do I into forex? These graphs look like an alien language to me.

t. 19 year old who opened a TD ameritrade account & an IRA a few months ago.

>>1940897
Curious how do you have enough knowledge to open a td ameritrade but not know what candle stick graphs are

Algorithmic HFT basically exists to assrape the day traders in this thread.

>>1940696
Wow a very limited amount of unpaid vacation days and limited amount of unpaid sick days... what a joke.

60k - 70k € a year at 27

Running my own small business (onlineshop)

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>>1933565
Index funds, the answer is always index funds. The sooner you start, the longer it has to grow and do something more.

>>1938904
Do you have a signal subscription available on MQL5?

>>1933576

You're doing fine.

Live below your means and invest.

>>1941057
I just tried that calculator after looking it up online.

It says I score in the 98th percentile for my age.

Feeling pretty good about myself now lol.

>50k at 28

50k is the starting salary for an average college grad (age 22) with middling grades and no connections. So yeah. You're way behind.

In this day and age you should be hitting six figures before age 30 if you aren't totally inept. "Six figures" still has a lot of cachet attached to it, but keep in mind that was in the 1980s. $100,000 in 2017 has the same buying power as $50,000 in 1989 and $33,000 in 1980. It's small potatoes these days. Top grads from in-demand majors are starting at 100k (I started at 100k + 125k signing bonus).

>>1938631>>1937696
Where did you get your news graph. Total noob here.

>>1941385
Same here, I gotta step up my game if I want to be in the 1%.

>>1941501
mt5 seems a bi complicated , i guess watching yt will help, i noticed its located in the program at the bottom , but its white isntead of this black look he has

i really hope the guy wasnt larping and shilling for mt5

>>1938487
that's exactly what fx trading is

you're literally make a bet on the movement

even if you can employ risk management tactics to limit your downside, it is absolutely still a bet

>>1941392
>125k signing bonus

bullllshit

>>1941604
Yeah me too.

>>1933565
I'm 29 and earn $150k.

There is no 'should make'. If you're saving at a good clip and can live comfortably, you can be happy with $10k.

I'm pushing myself to earn more because I want fuck-you money, and I want to be able to just take time to enjoy life and spend time not working when my kids are old enough to remember it. Right now I don't have kids, so it's not too much of a sacrifice to put in long hours and put away big savings. I'm up to about a quarter million in overall savings (tax advantaged and taxable accounts) so far, and fully intend to have a million by the time I hit 35. Then I'll probably relax a little, take a lower stress job, maybe take a couple months off, and coast into retirement at 45 on a $100k salary with my house paid off and $2M in the bank.

>>1942220
$40k at 22
How anon?

>>1942220
https://www.youtube.com/watch?v=xdfeXqHFmPI

>>1941036
what kind of shop, what do you sell ?

23, 120k, Software Engineer II for a Fortune recognized company.

>>1942298
Absolutely. Already have the Jap shit box, paying off the house now, and investing the rest of the excess in index funds through both tax advantaged and taxable accounts.

My dad is a financial planner, so he hammered home the importance of saving early on. I went to a state school with a scholarship to keep education costs down, worked my way through school to avoid debt, had $20k in an IRA at 21, and got my first gig out of school at 22 making $40k.

>>1942266
Take on additional responsibility in the right opportunity. Find a career that has a clear progression path, and has a need for skilled leaders. I chose information security, but there are other jobs in other industries that can work equally well.

Who you work for is just as important as what you do, though. Make sure your employer values your contribution, or find a new employer that does. "Job hopping = bad" is a meme, possibly the worst one you can possibly take seriously. Just make sure all your moves offer more responsibility or significantly more money.

19 in California net at 23k

>>1942571
Living at a level of "fuck you" is the ultimate level of success in my mind.

>comp sci grads starting at 80-100k

you guys are a dime a dozen have fun never making 200k +

>>1943439
Not many people in ANY profession make 200k+

>>1938653
senpai please come back , its monday got any tips
?

>>1933565
23, 24k after tax, don'tknow what to feel

>>1937697
whats a pip

>>1935793
enjoying socialism?

>Brits think 28k/yr is "pretty good"

>>1941392
lol is all I can say.

>>1933634
I use fxstreet

I have turned my 2300 into 3500 in just a week and a half. I'm getting a hang of trading. Trading has one hell of a learning curve and you should start off with a live account to understand the psychological aspects of trading. You WILL lose money when you start. I love trading

>>1945530
so are u guys shilling those websites , how much u getting paied? otehr guy is mia no tips nothing to back his larping , guess we can asssume the same with you

>>1939885
Thank you.

>>1945855
motherfucker I live and breathe this market. Just because you don't have the dedication and willpower to ever make anything of yourself doesn't mean everyone else is a piece of shit like you too. check the news and you'll see that GBP aka great Britain pound is releasing a shit ton of data a couple hours from now and I'll be making 500 minimum in the morning. ask me anything I'll be here for a while

>>1933818
>Stop loss
Stop loss is not the solution to everything. A stock could gap down. i.e you put a stop loss at £50 but the stock opens at £30, and your shares would be sold at £30. You can either wait for a recovery or the best thing to do imo is average down. Keep buying more stock until your average price paid is the same as the current stock price and sell out on recovery.

Ive learned an expensive lesson with stop losses when i was buying property development shares and the brexit happened.

>>1941057
Index funds are pretty meh. If you have some money you're better off shadow indexing and then choosing a certain amount of your portfolio to manage actively.

Even if you fully shadow an index, you're at least beating it by the expense ratio.

26, hit 100k net worth two months ago. Make around 120k/year. I don't feel rich though when entry level houses start at like 500k. Unless its some shit rotting shack in the woods. So even when making a supposedly medium-high salary I'd have to leverage my entire life savings 4x on a single real estate property to own a home. Why are houses so damn expensive?

>>1945909

How could you beat an index fund with like 0.15% expense ratio, shadowing in broker account?

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>>1933565
Make 60k goose dollars at 28, rent like a cuck, and have a semi-dependant gf. Got a bit of cash in a TFSA and a RRSP, and an econobox car, but thats it.

Moral of the story - don't be me. And if you study Comp sci - don't go to work unless its for Google/Amazon/Microsoft/Intel/Facebook, do your own thing instead.

feelsaverageman.jpg

How much you make depends upon where you live. Six figures can be difficult to live off of if you work in San Francisco.

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>>1945871
what are reliable resources to learn enough to get to that point? aside from simulators

I got the funds and time to get into this as of yesterday

>>1945964
personally, I did trial and error until i understood the market. Read the wiki in investopedia and go get your hands dirty. Best way to learn is to just get in there. start off with 100 account tho.

>>1945972
and about how much time do you spend doing your analysis? daily

>>1945934
Well consider the following, you are still being charged a fee to buy index funds and the like. More so, depending on what the fee is and how much money you're investing that 0.15% can easily outweigh the cost of purchasing other stocks. Roughly every $4,000 you invest, comes out to one transaction in terms of fees, given that you're in a low broker fee account.

Other things that play a roll are things like free trades based on funds held in accounts. Once you hit a certain threshold you get a certain number of free trades a month. In other cases, there are platforms that do not have fees (Loyal 3 is one I've heard of but never used).

It really comes down to how much you're investing, how much you have to invest, and how you distribute your investments.

>>1945992
Well I stare at it all day so I like know where it's at constantly. You'll learn to love it. But I spend like 15 mins before getting into a trade

>>1946051
>>1946051
damn man super excited to jump into this. coming out of some successful years with real estate investing, so this was my next venture now that I have the capital

if you down toss me an email on this throwaway, if you wouldn't mind bouncing thoughts/insight bizbro99@gmail

>>1935793
Americans earn more because their expenses are much higher. tax rates in MD state comeout to ~42% all said and done and then you have to pay medical and generally a more expensive life style. also very limited retirement build up. I know people who paid 20k pm for medical after they got retired! in reality the average American would like Western Europe if they give it an unbiased try.

But to be honest I can see some smart anons trading and being frugal can make serious bank.

I'm 29 now and earn about 70 kEUR and my wife 60. our house appreciated 100k last 2 years. all debts paid and slowly building up real reserves. around 25k now. looking to invest so I check up on biz once in a while

>>1946272
Nigga your like euro me.

I make $120k AUD at 29, two properties that went up a collective $150k last year and sitting on $30k in stocks.

Considering moving to the USA to make some greenbacks - I think I could get the same salary in USD and with a lower cost of living.
I will have a stronger resume/talent stack than most of the lazy entitled millennials who haven't cracked mgmt so I like my odds.

>>1945938
you bought into the compsci meme

>>1933641
Random question, is making 3-4k in a week in a stock simulator a lot of a little for a noob?

>>1945871
ok do i buy or sell ? can u post screenshot of ur trade thnx

>>1946301
alright you are now my biz braw twin.

shoot me an email:
[email protected]

I would love to visit Canada sometime and enjoy the nature and the sheer vastness of nature.

>>1941392
murica

>>1940954
>>1940897
Babypips.com

>>1939671
>grow up and live in Nebraska
>make 72K last year working for relatives company
>live at home with parents
Have 1/3 of student loans paid, have a 2017 car, and have been saving up about 1K a month so I'm in good shape for now.

>>1942055
>even if you can employ risk management tactics to limit your downside, it is absolutely still a bet
By that logic everything's a bet shithead

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>>1933670
Which news webpage is that one??
It doesnt seems to be neighter myfxbook or dailyfx

>>1947975
hes gone , i think he was just a shill

>>1933582
>>1933684

What exactly am I looking at, and how did you do it?

I'm completely new to whatever this is.

25,
have 250k milocoins

>>1933565
> I feel like I am way behind at 50k.

This is the most cucked sentence I've read in a while.

It's not a damn race, you need as much money as you need.

>>1933565

I make about 115-120k at age 29.

i only recently started looking into investing, stocks, etc after having just bought a house last year/recouping my savings.

treating "investing" as a quick income bump seems like a great way to waste your income, but i'm a newfag on /biz/