250K enough to trade with?

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Who cares if this is truth or fiction.
Lets just assume this is a fictional character.

How would you approach the problem?

If the character is real, then he will benefit.
If he is not, then newbies may benefit if they ever
find themselves in this position in the future.
No real losers here.

I tire of the extreme negativism here on ET.
Im around less these days because of this.

peace

axeman
 
Quote from Speakingout:

Hey Trade4dollars thks for trying to be helpful. However this is only your 4th pos on this site and I wouldn't start going against guys who have been around here alot longer if you want to make friends.
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Thanks for the advice Speakingout I will be sure to never post something that goes against the grain of a long standing member of ET. Geez give me a break dude.

One last thought if I may. Your friend, Anthony, Tony, or whatever you call him should realize one important thing. If he is going to trade full time a good trader should be able to make over 75-100%+ on their account each year. That would put your freinds gross around 200k-250k roughly per year. Now for that it would be worth it to leave a job paying 75k a year to make that kind of enchilada. If he can only do a paltry 75k a year on 250k capital tell him that maybe keeping his desk job is the smarter move and he can get rich overtime anyway. This is something that came to mind that I felt like relaying to you but was too busy to respond to your slight of me this afternoon because I was too BUSY TRADING!
 
Quote from axeman:

I tire of the extreme negativism here on ET.
Im around less these days because of this.

peace

axeman
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at least one good thing has come from this thread :D
 
"...a good trader should be able to make over 75-100%+ on their account each year...."


Ummmm....maybe for a SMALL account.
Otherwise, you would have a trillion dollars in 25 years at 75% a year. :D


peace

axeman
 
Quote from axeman:

"...a good trader should be able to make over 75-100%+ on their account each year...."


Ummmm....maybe for a SMALL account.
Otherwise, you would have a trillion dollars in 25 years at 75% a year. :D


peace

axeman
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Well who said 250K is a super large account. I may be new to ET but I am not that new to trading. From what I remember most people who responded to this thread kept telling Speakingout that his friends capital of 250k was not that big and they themselves had alot more or they knew of others who had much more making him just a "average" type account in terms of size. If I wrong and 250K is alot of money these days to trade with please correct me! Seems like its not that much by ET standards.
 
I dont think 250K is a large account.
However....I agree that most people on ET do not have 250K.
In any case... if your pulling 100% return a year on
a 250K account...your doing very well.

peace

axeman


Quote from trade4dollars:

Well who said 250K is a super large account. I may be new to ET but I am not that new to trading. From what I remember most people who responded to this thread kept telling Speakingout that his friends capital of 250k was not that big and they themselves had alot more or they knew of others who had much more making him just a "average" type account in terms of size. If I wrong and 250K is alot of money these days to trade with please correct me! Seems like its not that much for ET standards.
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Quote from axeman:

I dont think 250K is a large account.
However....I agree that most people on ET do not have 250K.
In any case... if your pulling 100% return a year on
a 250K account...your doing very well.

peace

axeman
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Then axeman what is a large account size? Is it 500k 1million 10 million. I'm talking in terms for a retail trading. Not a hedge fund group or a person who has 10 grand but access to capital that far exceeds that aka prop. I mean would you say 500K is alot for a retail trader to have as a base capital amount? Excuse me for being persistent but I'm trying like heck to get a guage here.

In fact maybe the guy should wait until he gets his account up to 500k then he would need 50% a year to make 250k gross. 50% a year is roughly in the rate of return this guy has over the 8 years anyway. Is 50% a year too high on a 500k account or does he need to start with 1M?
 
LOL

Anyone know the % of retired people in the USA that have at least $250K in the bank?
I dunno if this is correct but I seem to remember hearing someone on tv say it was 10-20 %
 
Few months ago, heard on the radio, that the average
american was retiring with 120K cash. Shocked me.

peace

axeman


Quote from KavMan:

LOL

Anyone know the % of retired people in the USA that have at least $250K in the bank?
I dunno if this is correct but I seem to remember hearing someone on tv say it was 10-20 %
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