Company driver with less than a year wants to become owner/op. Should I use my stock trading capital of $100k to buy a truck? I only bring home $1000/week as company driver . But I make $2k to $6k/week trading stocks .

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ShoebillJoe@reddit

Almost nobody with only 120k capital makes 2-6k a week trading. You lied in your post which made it seem better to keep day trading and then began arguing with people who said not to go OO. Why?

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East_Indication_7816@reddit (OP)

What proof you want? And where do you get your "nobody" findings?

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on the low end you make over 100% ROI per year and on the high end, 300% annual ROI. the best fund managers on earth dont average that with MUCH more capital and resources on hand(the best performer last year managed 55% ROI which is VERY good, the vast majority are 6-18%). plus your chart looks really sus, only going up? you are either lying, a time traveler or on the worlds luckiest string of trades.

plus the fact last year you had 100k and this year 100k, makes me think you probably arent gaining at 2-6k per week. if you are, you should get out of trucking and go manage other peoples money and make hundreds of millions from a home office anywhere on earth you want

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ThreeQuartersSerious@reddit

Giving OP the benefit of the doubt: He’s probably been swing-trading trends; easy to hit 0.5-2% a week when you’re full-porting into whatever’s popular at the moment, and selling the instant you hit that threshold. Not in any way safe or sustainable, but believable in a short (3-6 month) burst period.

The real indicator here is Robinhood; Robinhood doesn’t have OCO orders, which are basically required to do any serious day trading without catastrophic losses.

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Moski915@reddit

This guy is a troll that is bored.

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oneshadeoff@reddit

If you're making that much scratch day trading, what in the everloving FUCK are you doing in a truck?

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East_Indication_7816@reddit (OP)

Trading stocks is boring . I don’t like scratching my balls all day

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oneshadeoff@reddit

So like take up golfing or something lol. I can't imagine dealing with the nonsense we deal with behind the wheel because I want to

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East_Indication_7816@reddit (OP)

And then when there is a get together or in a date with a chick I will just say yeah I just play golf all day and I'm a bum .

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an-abnormality@reddit

Man what bum is out playing Golf in their spare time, has six figures in a stock portfolio, and a stable job lol you're in a good position. Don't let the hedonic treadmill make you think "I must have more."

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Exact-Leadership-521@reddit

Get an RV and retire?

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East_Indication_7816@reddit (OP)

Doing what? Scratching my balls all day in the RV??

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username_fantasies@reddit

Just keep trading stocks. Keep. Trading. Stocks. Keep. Investing.

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Immediate_Regular@reddit

Given all the absolutely moronic crap you've posted in here I'm comfortable calling this picture a lie.

If you had any self-respect you'd get out of the industry before you hurt or kill people. You can't manage to avoid stationary objects and keep your windshield clear of obstructions, but sure go ahead and buy a truck. When you fail at that maybe you'll figure out you don't belong behind the wheel of a semi and will slink back to your help desk level IT career.

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diddy0414@reddit

Can u teach me

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AndromedanPrince@reddit

no. why not just trade full time and live off dividends?

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East_Indication_7816@reddit (OP)

My trainer is 72 years old and still working . People actually die quicker when they are doing nothing and have no purpose in life . It’s a fact . Those who retire end up dead in a couple of years

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AndromedanPrince@reddit

you cant find a hobby?

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East_Indication_7816@reddit (OP)

I go home daily and have weekends for that . I wall climb , rock climb., swim , gym

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AndromedanPrince@reddit

u dont make sense.

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East_Indication_7816@reddit (OP)

How many hours a day you need for a hobby ? You mean you need 40 hours a week for your hobby ?

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AndromedanPrince@reddit

u have a hobby, make 2-6k a week trading. yet want to buy a truck and eliminate your free time. straight idiot moves.

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East_Indication_7816@reddit (OP)

I’m local . I got lots of time . I’m sometimes home by 2pm and start at 7am . I have entire weekends . So why can’t I have a hobby ?

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Kevo_xx@reddit

Have you seen fuel prices lately? This is the absolute worst time in history to become an O/O. I would stay as a company driver and keep investing until things turn around.

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Camohunter0330@reddit

No

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East_Indication_7816@reddit (OP)

I went to trucking not as company driver . I’m better than this . I got funds to buy a truck .

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Naborsx21@reddit

I bought a truck for $40k spent like 0k on repairs then it cracked a head, all in 6 months I watched 70k evaporate. Lol

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Freightliner15@reddit

It isn't all roses as an O/O. I see so many people switch and quit because they think they know what they are doing. Get more experience and learn everything involved.

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an-abnormality@reddit

Famous last words

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DirectionSensitive74@reddit

The truck is the least of your problems to consider! Rates are trash right now, diesel and insurance costs are through the roof not to mention maintenance and breakdowns. The only reason I’m still in business is because my trucks run on natural gas and I do all my maintenance. Do you know where to get loads from? Most brokers want an established MC number before they’ll give you work.

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Camohunter0330@reddit

If that's your reasoning then definently do not become an o/o. I was an o/o for 10 years and selling my trucks and trailers and going company man was one of the best decisions I made.

It's not a good market right now. Might never be again.

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AsphaltPirate74@reddit

Being an owner op is tough right now and most people fail because they think they can run a business because they know how to drive the truck. Not saying you're most people, but financially it's not a smart idea right now. I was a CDL Instructor for a trucking company and met plenty of guys that owned their own trucks but had to become company drivers again because of the market and fuel prices.

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Big_Chemical_5165@reddit

Why even ask if you're gonna argue when someone answers? Lmfao just go do what you were already gonna do regardless weirdo

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King0Horse@reddit

$125K at + %5/week would take you 43 weeks to be a millionaire.

Congratulations on a good week. Don't pretend it's consistent.

I think this is just a troll post all the way around.

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East_Indication_7816@reddit (OP)

I did not say it’s always 5% a week . I just said in my post that’s the upper limit . But I can consistently make 2 to 5% a week . I know the risk but like anything in life like trucking , you manage the risk and do risk mitigation . Trucking and trading stocks follow the same principle . You do pre trip and drive within speed limit in trucking . You can drive faster and don’t do pre trip and it will make you arrive earlier and make more money , but in exchange for higher risk .

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King0Horse@reddit

So you seem to have a basic understanding of risk management, but you're asking if you should take a lump sum that is consistency returning $2500-$6000/week and:

Remove it's ability to generate consistent returns
Use it to buy a beater of a truck that could possibly make you $6K/week if you don't have any breakdowns

Is that your question?

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East_Indication_7816@reddit (OP)

Yeah I have feeling the company is ripping me off . It happens when you don’t know how much the customer is paying for these loads . $1k a week is like driving your small car to do uber or DoorDash delivering a bag of burritos . I’m driving a house .

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anxious_polarbear@reddit

I saw this same bullshit post about a month ago. Fake.

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East_Indication_7816@reddit (OP)

You been asking me about proof . Now I show screenshot and still don’t believe ?

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Trick-Truth197@reddit

NO

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MatrixUserNumberJuan@reddit

ABSOLUTELY FUCKING NOT

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floydguitarist@reddit

If you become an owner operator, you won’t have time to trade anymore

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redditman_of_reddit@reddit

Honestly your pretty much making what a owner operator is making unless you try to become a small fleet, but that requires much more capital. Start saving your stock money and trade at bigger amounts and you will be better. I know stocks is stressful doe lol

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GabtsbyForaDay@reddit

With less costs, time and worry.

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Existing_Meeting_318@reddit

Omg No!

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Reallyhere25@reddit

No you shouldn’t I wouldn’t be trucking if I were you I would be full time trader. And also get into Tech since it seems you like to stare at screens all day

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East_Indication_7816@reddit (OP)

I trade with my phone

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Largofarburn@reddit

No, and you really shouldn’t be day trading either.

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JakeJascob@reddit

This has to be satire.

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Kruten10@reddit

What’s your age? If you are in the 20 yes 40 years no

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Kapture916@reddit

Honestly if you got the skill to make 2k to 6k per week trading stocks and add owner operator income you will be making tons of money. But I do not know what state you are in but you have to be on top of your game for owner operator insurance repairs finding loads scales dot this that. If you have in you then yeah go for it also do not buy a brand new truck…buy a used one for like 30k-40k open up a company now wait 6 months register for Amazon do a couple loads on there to build your account.

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icodyonline@reddit

No.. If you’re making that kind of money trading stocks, I would keep doing exactly what you’re doing and use your trucking money for fun money.