Chat With Traders · Wednesday, August 5, 2026
Peter Brandt advised aspiring traders against quitting their jobs prematurely, emphasizing the need for proven profitability first. He suggested that a trading account should be funded with profits already earned, and separate funds should be available for living expenses.
“I would say to him, you got to make sure you have a day job. Don't just quit what you're doing and assume you're going to do three X on on whatever money you have.”
“I think first thing they should have is a trading account which represents profits they've already made.”
“Why would somebody quit their day job and become a trader when they haven't proven in themselves they're profitable?”
“And the only way you prove that is you open an account of at least $100,000 with profits you've already made.”