$5000 per month trading profits

Dantheman · Dec 14, 2002

The only reason I can think of as to why the original poster complained about making only 5k/month is that he is living a lifestyle in which his expenses cost at/near/or in excess of 5k/month....otherwise there would/should be no reason to complain about making money.

If you make 10million a month but live a 12million a month lifestyle, then you will go broke.

If you make more money and more money and increase in profitability as a trader BUT at the same time increase your expenses/liabilities, then you have not gone anywhere. You will still be in debt and/or have huge expenses.

Making large sums of money is not the answer to financial freedom...keeping it is.

fatman · Dec 14, 2002

Quote from Lobster:

Just checked: I made $4800 in November. That's $3800 more than I need to survive.

Good God! My rent alone is $1000. What part of the country do you live in? Or do you still live at home with mom, like many of the traders I know?

Carlos11 · Dec 14, 2002

Well said Dan!

stock777 · Dec 14, 2002

Quote from fatman:

Good God! My rent alone is $1000. What part of the country do you live in? Or do you still live at home with mom, like many of the traders I know?

Tell you what, at $1000 a month, after 10 years and some compounding , you've saved over $160k.

Hey mom, what's for dinner!

Lobster · Dec 14, 2002

Quote from fatman:

Good God! My rent alone is $1000. What part of the country do you live in? Or do you still live at home with mom, like many of the traders I know?

Florida. I own. Property tax is around $5k per year and I don't eat too much.

aphexcoil · Dec 14, 2002

I've only banged three chicks this month. This is a bit of a dry period for me and I have no idea why. Perhaps it is just the dating market -- supply and demand? Who knows ....

inandlong · Dec 14, 2002

Yeah but the old broad at the carryout you visit once a month doesn't count.

GD2KNO · Dec 14, 2002

If you're trading a proven system with little drawdown and a margin of $780 on e-minis. Then at $2,000 or $2,500 per contract to be safe, and doing over 30 points a week, it takes no time to compound to almost any income you'd like.

Pick a number! I feel comfortable with 8 lots. You do the math.

Going shopping now

Happy Holidays

aphexcoil · Dec 14, 2002

Quote from inandlong:

Yeah but the old broad at the carryout you visit once a month doesn't count.

I'm sure you can relate, Mr. IN-AND-LONG.

Stock_Lover · Dec 14, 2002

Quote from GD2KNO:

If you're trading a proven system with little drawdown and a margin of $780 on e-minis. Then at $2,000 or $2,500 per contract to be safe, and doing over 30 points a week, it takes no time to compound to almost any income you'd like.

Pick a number! I feel comfortable with 8 lots. You do the math.

Going shopping now

Happy Holidays

got something worthwhile?

Post your sheets and your trades for 2 or 3 months.

#'s talk BS walks