Are you a successful at home day trader with no other source of income who began with modest means?

[i am nobody]

"Modest" is a relative term, but the simple fact remains, the more capital you start with, the longer you can survive, which has to equate to a higher success rate.

Starting with $10k and making a good living is probably squarely in lottery territory. Starting with $100k gives you better odds. $1mm even better, and so on.

I would trade with 1 billion. That will make the risk almost zero according to your logic. But if I have 1 billion why should I trade then? To lose it? With almost zero risk it will take years before I can lose it.... maybe it will even be impossible. It would make my life boring. So I am happy that I don't have money.

 

[ExperiencedJoe]

"Modest" is a relative term, but the simple fact remains, the more capital you start with, the longer you can survive, which has to equate to a higher success rate.

You seem pretty clueless. The more money you put in the market the more incentive you offer someone or some bank to take it from you. Going big is the one and only guaranteed way to commit suicide.

Going big to make small profit is what idiots do. Going small and make big profit is what geniuses do. See how far you are away from success ? Trading success and survival is not hard at all. But it will take someone with basic ability to think. This ability seems rare on the internet.

 

[WeToddDid2]

Ok, we have one person who Makes a believable case that he/she can earn a middle class living trading from home without starting with tons of capital.

Anyone else??

How do you define "tons of capital"?

 

[jl1575]

This thread is a fascinating combination of believability and total horseshit.

For example, here's a believable story:

trickshot : "I myself made nearly 7 figures in 5 years with a 20k account because I was able to repeatedly exploit a certain inefficiency in the market (which obviously doesn't exist anymore)..."

And here is total, stupid-beyond-measure horseshit:

Clubber Lang : "I started with 10k in March of '99. Lost $2400 my second day trading. 90% of it in my first three months. Treaded water through most of the summer then things started making sense. Made back all my losses in August, then made 160k+ from Sept-Dec..."

From $1K in June to $160+K in December. LMAO!! No need to read the rest of that fairytale.

No wonder that assclown displays his sub-teen IQ with every post.

"From $1K in June to $160+K in December. LMAO!!"

He lost 90% from 10K in the first 3 months surely, but he didn't say he use the rest of fund (1K) to make 160K. He could possibly replenish his account, and "Treaded water through most of the summer ", then
1) "Made back all my losses in August,"
2) "then made 160k+ from Sept-Dec"

 

[ExperiencedJoe]

"From $1K in June to $160+K in December. LMAO!!"

Well, he did find a loophole that 100's millions of other people in the market couldn't find. That loophole doesn't exists any more. But he can't tell us what it is because it is top secret, and in case it reappears.

 

[ExperiencedJoe]

How do you define "tons of capital"?

Stack dollar bills on a weighing machine. The bare minimum tons would be 2 tons worth.

 

[clacy]

You seem pretty clueless. The more money you put in the market the more incentive you offer someone or some bank to take it from you. Going big is the one and only guaranteed way to commit suicide.

Going big to make small profit is what idiots do. Going small and make big profit is what geniuses do. See how far you are away from success ? Trading success and survival is not hard at all. But it will take someone with basic ability to think. This ability seems rare on the internet.

You're a total moron.

If you start with $1mm, you don't need to try to make 20%/month. You increase your odds because you only need to make 10%/pa to have a six figure income.

Regardless, it sounds like you don't think it's possible to trade profitably so why are you here?

As for me being clueless, I have a six figure, non-trading income, and I trade profitably to compound my assets.

If you can't make money in this environment, I don't know what to tell you.

 

[ExperiencedJoe]

You're a total moron.

If you start with $1mm, you don't need to try to make 20%/month. You increase your odds because you only need to make 10%/pa to have a six figure income.

Regardless, it sounds like you don't think it's possible to trade profitably so why are you here?

As for me being clueless, I have a six figure, non-trading income, and I trade profitably to compound my assets.

If you can't make money in this environment, I don't know what to tell you.

I said nothing about not being able to make money. You have nothing to say to me that I will find value in.

So, you will be risking $1m to make 6 figures ? My original point remains, if you expose $1m in a non-diversified trade, that's a nice sum for someone to take it from you.

6 figure salary in today's world is only so, so, although reasonable. But that doesn't translate to the ability to trade the financial markets. People mistake the ability to earn money in one way will translate into another way of making money. I think you are going to find out the hard way that this translation doesn't work, especially for the markets.

 

[marketsurfer]

How do you define "tons of capital"?

That depends on the condition of the market and how yoy want to live. If you live on the street and trade from starbucks. You need less.

 

[marketsurfer]

Well, he did find a loophole that 100's millions of other people in the market couldn't find. That loophole doesn't exists any more. But he can't tell us what it is because it is top secret, and in case it reappears.

Prop firms had multiple edges like that back then. So did some individuals. Your ignorance And playa hata jealousy is appalling.