Quote from scorpion:
Why do you need to make 100 k per year trading? Your not making that now .. If you limited success with trading futures it does not matter what other people earn .. You should find what works for you & lower your earnings expectations first off. Trading may not be for you if money is your Only motivating force. Too many people think trading is easy way to make a ton of money.Yes their are traders making 100 k per yr trading futures & also their are some that can't earn a dime. It's hard work & you have to earn it. Better off to stay with the 9-5 job for your income. swing trading is a good way to stay in the market & earn some extra money possibly. Trading is not for everyone ..
Blah blah blah. Same ol' same ol' I've heard throughout the years. Nothing I don't already know. Been at this game for a while now and know the in's and outs of it. And my job is FAR from a 9-5 job, lol
Just an FYI, I work in law enforcement and don't plan on giving up my pension to trade fulltime until I've made $1.5 million with $1 million saved in cash. Will it ever happen ? Maybe, but if it doesn't I wont lose any sleep over it. I'm happy with the way my life has turned out so far (only 27 yrs old) and I dont need money to make me happy.
$100k was an arbitrary #. If you can pull $100k u can surely pull double triple or quadruple if size doesnt f#ck up your pyschology.
Obviously diversifying the intstruments you trade is better, but that had nothing to do with the question.
I love how in ET, you ask a simple question, and you are told that you can't trade, trading is too hard, don't trade, trade other instruments, etc.
I bet you every single one of you that answered does not make that kind of $. yet all you pikers have responded.