Is it possible to make a £25,000/year salary by holding long stock positions on stocks trading options?
When I turn aged 18 I want to get into the idea of trading stocks using options and their many different strategies. I have read books on the subject and I am beginning to understand them a lot better. I was just wondering if it is possible to hold a long stock position and make a quick, say within 1 month, £25,000 salary as this is what I’d like to have for as a living to last 1 year? Please give a reasonable, easy to understand answer.
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April 24th, 2010 at 4:00 pm
If this was possible and easy then everyone would do it and the economy would never be in the current condition that it is. If you want to make a considerable return, then you are required to take on a high amount of risk. The only way to make 25k in a month investing in the market would be to invest tons of money, and be extremely knowledgeable about what you are doing. So to answer your question, no.
April 24th, 2010 at 4:18 pm
With enough knowledge, skill, experience and money it is possible to make a £25,000/year. If you lack enough of any of those, it is not possible.