Hate to be blunt but NO on all accounts. Sorry I know it's everyones "dream job" but reality is 50k is not even remotely enough.
50k even an exceptional trader on average might maket 10% gross per month, less brokerage,slippage,platform and datafeed costs that might net approx 4k a month still a long long way from your desk job salary.
Plus you need to put away 1/3 for tax unless you are operating off shore accounts and brokers.
Hard reality is to trade for a living you need to be trading 500k plus account and already have five years plus experience. And that's not trading penny stocks, you need to be regulary trading and making 5% per month + on average from trading mid caps or higher, and for that you'll need to be trading overseas markets.
ASX is too small, just not enough large cap high beta stocks.
Also before you start trading you need to have your own finances in order, Mortgage Free,No Debts,Savings etc etc.
Plus ideally secondary income as well, from other investments (dividends), property,commercial rental etc. Trading full time for living is "a dream" to many, however reality is it takes a very large amount of capital and exceptional capital management.
By the way, once you quit your full time job and start trading as main source of income, the stress levels increase ten fold.
