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    Stock Market Up Move for December 2019

    I've also noticed that as soon as you're questioned by someone that member is a troll. It might be that some forum members want their hand to be held. I certainly don't. I have my own trading methodology. You're the one coming forth with claims and predictions, so you should also be able to...
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    Stock Market Up Move for December 2019

    Dude. You're extremely defensive and seem to take yourself a bit too seriously. Light up a bit. This is just a message board. Anyway, your calls seem to be rather vague also. I'm sure if the markets drop in December, but rally mid December, you will claim your call to be a success...
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    What's everyone using for hardware these days? Is everyone using laptops by now?

    Is that the 43" Dell? It looks a bit tall to me. I think I'd prefer to have a lower and wider screen. Considering the 49" ultrawide now: The 43" is on sale at my local hardware store, so I can get it for approximately 50 % of the cost of the 49", but I feel the 49" is better for my purposes...
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    Any advice for a soon to be full-time trader?

    I understand where you're coming from and I hear you there. And I do not doubt it's true that money finds you if you're consistently successful in trading. But at the moment, I do not have ambitions to trade OPM. My desire and wish is to be as independent and free as possible. Maybe that will...
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    Any advice for a soon to be full-time trader?

    I never said I've had 20 stop outs in a row. In fact, after I learned the basics of trading, I've never had 5 stop outs in a row and even still - I rarely take a full stop on a given trade as a stop loss is just a protective measure. No need to wait for it to get hit if you realize you were...
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    Any advice for a soon to be full-time trader?

    But does this not prove my point? That you're comparing apples and oranges? :) Your firm or fund managers managing similar sums of money or larger can't deploy strategies that a smaller account size can. That's why comparing returns/strategies for an individual trading futures with a fund...
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    Any advice for a soon to be full-time trader?

    If you're using too high leverage, you risk blowing your account on a losing streak even if if you have a long term positive expectancy. The lower your leverage - the bigger your chance of realizing your long term expectancy before going broke. Increasing leverage increases risk of ruin. Even...
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    Any advice for a soon to be full-time trader?

    $4500 pre-tax if I am to sustain my current standard of living. That’s 90 ES points net per month/4,5 points per day on one contract. Or approximately 1 ES point per day on 5 contracts. To clarify – I’m NOT trying to sustain a ‘living’ on a $15 000 account month after month. My focus moving...
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    Any advice for a soon to be full-time trader?

    Hi, Thank you for your comment and congratulations on your success. I’m listening. : ) I also read your post in that other thread, but I still feel you’re comparing apples and oranges as you specifically mention people managing very large sums of money, i.e., fund managers. In my mind, that’s...
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    Any advice for a soon to be full-time trader?

    Interesting. Seems like you’ve done exceptionally well. Since account size and returns seems to be a common worry in the thread – mind me asking what a typical return is for you and how much capital you employ for your operations? If you don’t want to share that – I perfectly understand that as...
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    Any advice for a soon to be full-time trader?

    Thank you! No guts, no glory, right? : ) Maybe I’m crazy, but I don’t really feel that that way as I leave my old job behind with job security, i.e., an offer to come back if I want to. What I’m risking is basically the alternative cost (and my savings). I definitely felt the pressure you...
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    Any advice for a soon to be full-time trader?

    Well, in actuality, I have the equivalent of 6-7 monthly salaries at my current job saved up. So, in terms of living expenses, I might have more than 6 months saved up, but I like to be a bit conservative as unexpected things usually happen.
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    Any advice for a soon to be full-time trader?

    Thank you for your comment. You're lucky to have a very supportive wife who believed in you. Also, congratulations on making it as a trader! This raises more questions on my end if I may: 1. How long did you trade while having your wife support you and build your track record? Because in your...
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    Any advice for a soon to be full-time trader?

    Yes. Multiple streams of income is for sure ideal. I will consider ways to add at least some income. I could easily work 60-70 % of a full week and combine it with trading. It's the 100-150% weeks I find very hard to combine with trading. Or even impossible as I'm not home when the market is...
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    Any advice for a soon to be full-time trader?

    Thank you! I sincerely appreciate it. I also enjoyed your other comments. Well, your joke might not be that far off... :) I'm not using my cash savings for trading. My account is already funded and my living expenses are separated from that. I'm not pressured to withdraw any money in 6 months...
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    Extra Monitor on a laptop?

    Yes. I plug one monitor directly with HDMI, the second one with an HDMI/USB-C adapter and then my laptop as a third monitor. That said, I'm probably displacing these with a single ultrawide screen. Not quite decided yet, but I desire more screen space and adding a 3rd external screen is a bit...
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    Extra Monitor on a laptop?

    I have two external monitors and no external graphic card.
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    Any advice for a soon to be full-time trader?

    Yes. Good advice. I'm definitely not opposed to get supplementary income somehow in order to sustain my expenses even longer, so will be watching out for opportunities. Thanks.
  19. H

    Any advice for a soon to be full-time trader?

    I appreciate all comments, but won't spend any more time defending myself or my decision. I am taking a risk pursuing this, but it's a calculated risk with limited down side. At this point in time, I feel it's far more risky to continue dabbling instead of pursuing this with full focus and...
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    Any advice for a soon to be full-time trader?

    Thanks, but I do not feel there's anything to stop me from leaving my current job now. I may however consider other ways of income moving forward, i.e., part time work. Maybe I will have to get a full time job again in 6 months, but that's the time to make proper arrangements and make sure I...
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