spend some time reading his tweets watching his videos. Your ignorance will become less apparent
Advice on how I should Raise Trading Capital?
- Thread starter zghorner
- Start date
spend some time reading his tweets watching his videos. Your ignorance will become less apparent
I dont need to watch any more of his videos,I've already wasted 31 minutes of my life watching that one. So has he made any attempts to prove he is successful at trading? Audited results? I'm guessing 99.99% of the people who follow him have day jobs and think they're gonna be able to trade "part-time". Position trading,maybe,day or swing trading,not a chance. They're gonna lose every dime they own. The guy is just regurgitating a bunch of the same old trading cliches,slapping them together and calling it "education".
Man, sounds like you want to operate your life on an even thinner margin....... Trading is hard enough and all those financial gymnastics that you mention wouldn't make it easier on your psyche. About your question though - I think a prop firm is worth it if you find one that lets you exploit whatever edge you think you are good at(at the moment for you it would be trading futures I suppose). At least with a prop firm you could say you are diversifying on some level. You've become comfortable by not having a job, but that would be a better decision than taking a loan. How long before paying back that loan faster starts lurking in your mind and you take too big of a risk in your trading? Do you think that would work out well?
Here's a quick mockup of an interactive Compound Profit Calculator.
You can adjust;
Starting Capital
Risk per Trade
R
Trades taken per month
Number of Winning Trades
The period it calculates for is 48 months (College Degree) but with mouseovers one can see shorter terms.
You'll see the advantage of accessing capital through a Prop firm. Although it doesn't compute profit split or withdrawals.
I purposefully limited the number of trades per month to illustrate the value of high reward setups. If you can't quantify your profit targets to logical levels or zones then one is just guessing anyway.
Good luck with your trading.
You can adjust;
Starting Capital
Risk per Trade
R
Trades taken per month
Number of Winning Trades
The period it calculates for is 48 months (College Degree) but with mouseovers one can see shorter terms.
You'll see the advantage of accessing capital through a Prop firm. Although it doesn't compute profit split or withdrawals.
I purposefully limited the number of trades per month to illustrate the value of high reward setups. If you can't quantify your profit targets to logical levels or zones then one is just guessing anyway.
Good luck with your trading.
60% 2:1, if you can maintain that, you want to be betting 2% per trade.
If i put in 2%, it says $30 million in 48 months
vs just 150K with 0.5%Thank you @MACD, much appreciated.
It’s an interesting little widget. I’m impressed with Grid, just stumbled across it as I was researching Notion. It’s super straightforward to work with.
So for the OP, one can see, even with low risk and 10 trades/mth, and a majority of losses, it’s possible to triple capital in 4yrs - even faster for greater R trades.
The sobering aspect is that living expenses cost much more on the back end by not being able to compound.
Access to capital through a Prop firm is a rational way to go, even if one has capital to trade with. It would be a test on whether their methodology passes muster.
60% 2:1, if you can maintain that, you want to be betting 2% per trade.
If i put in 2%, it says $30 million in 48 months
Yes, the power of compounding but also how big is one’s roll to start.
If it were only that easy. I’ve gotten profit drunk and failed by not protecting capital as much as I could have. So even though risking 2%, a string of those losses can have a debilitating effect.
Let’s reframe that, not failed, more produced a result. Now to produce some more positive results.
Wassamatta Raynor?
He gives away eleven pounds a shit in a ten pound bag, man.
Cost? N A D A, lol.
If there's not something for you in here, then there's nothing price action trading for you either.
This is foundational crap for free.
There's a lot of traders that this does not speak to.
Fine, but why badmouth Raynor?
He has an email follow-up program that freakin Amazon.com oughta kipe.
Don't listen to em Raynor. Hope you are mintin a bundle of providing convenient access to Payin Customers that want their hand held and special attention.
Thanks for the freebie starter paks.
Rock and Roll Rayner!
Support and Resistance
https://www.tradingwithrayner.com/support-and-resistance-trading-strategy/
With 1.62 million subscribers and charging 24.99/month for a Gold membership he doesn't need to make a dime from actual trading. He's probably a multi-millionaire from his youtube income stream alone.