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there isn't a single key ingredient for successful trading. you need to do everything correctly.

I just want to make 100%+ in each of 3 years out of the next 10, the other years can just wash. That would put me in the seriously rich category. I think it is possible since i have done it in the past.

I feel for investment bankers....my heart goes out to them...they really have it tough. /roll eyes and says fuck em

Of course, this is all academic with regard to the OP since he doesn't have a million in the first place!

You seem to be fixated with the notion of making 10% pa forever. Firstly, trading returns per year are not fixed, a successful trader is likely to make very big percentage returns on small amounts of capital (e.g. less than 10 million $) than on larger amounts. A million dollars is peanuts in...

I like how that article has a picture of the chap standing on top of a building just before he jumped. He's smiling as well. Nice.

here's a thought: whenever you are about to put a position on, check to see that you are putting enough size on to make it worthwhile. If you can't put enough size on because your stop is too far away or because you suddenly realise it's not such a great trade (i.e. no real conviction), just...

probably is trolling, but nevertheless, the ET mentality of making small amounts here and there and trading for a living is just bizarre. You only have one life, get rich or die trying!!!

Interesting that you say that, i have done this (paid a pro), it has helped, but i'm still not there yet.

This is the correct attitude and it can be done. I'm trying to get there myself. btw, the opening poster has the biggest ratio of number of likes to number of posts i have seen here, congrats!

corrected for u

I average 30 trades...a month

an ode to Nav...if you reading this, we all rooting for you, mate...

I go commando myself, far more glamorous than wearing underwear :D

You're a healthy man in your twenties, with no responsibilities. You don't need vacation time, sick pay etc (the above poster has you down as an old, sick man!). Pack up the job and trade! You don't need a million dollars to trade with either...most people in your country would retire from their...

Hey fundlord, how big is your account? I have this feeling it is about $1k.

but there aren't any tax related charges, so i have to assume that he has done nothing wrong from a tax perspective.

Nah, it applies to everyone. :D

the US govt is assuming he made $40 million, but they don't know where it is. They want him to pay the bail because in doing so it will reveal the whereabouts of the money. the reality is of course that he didn't make anything like that, the $5 million or so in the Rj obrien acct is probably all...

It's very unjust.