From 1k to 500k (Deadline: 2017)

[thescalpmaster]

There's a reason why you need good capital to start trading seriously.

You blow a $2k or $3k account. It doesn't matter much because the capital involved is small. So you easily take those 'yolo' risks. ((YOLO TRADE: You typically loose 3-4 trades in a row then you decide 'fck it' and do something crazy.))

No one in their right mind goes 'yolo' with a $20k account that they worked hard to save for trading. So I generally recommend trading with the initial capital that forces you to not do 'yolo' trades. It generally depends on the person. General rule of thumb is your one month's salary or more.

Hope you guys understood what I'm trying to say.

 

[K-Pia]

There's a reason why you need good capital to start trading seriously.

You blow a $2k or $3k account. It doesn't matter much because the capital involved is small. So you easily take those 'yolo' risks. ((YOLO TRADE: You typically loose 3-4 trades in a row then you decide 'fck it' and do something crazy.))

No one in their right mind goes 'yolo' with a $20k account that they worked hard to save for trading. So I generally recommend trading with the initial capital that forces you to not do 'yolo' trades. It generally depends on the person. General rule of thumb is your one month's salary or more.

Hope you guys understood what I'm trying to say.

I understand.
But 4K for me is 20K for you.
Hope you understand what I means

 

[SimpleTrades]

There's a reason why you need good capital to start trading seriously.

You blow a $2k or $3k account. It doesn't matter much because the capital involved is small. So you easily take those 'yolo' risks. ((YOLO TRADE: You typically loose 3-4 trades in a row then you decide 'fck it' and do something crazy.))

No one in their right mind goes 'yolo' with a $20k account that they worked hard to save for trading. So I generally recommend trading with the initial capital that forces you to not do 'yolo' trades. It generally depends on the person. General rule of thumb is your one month's salary or more.

Hope you guys understood what I'm trying to say.

I completely agree with this. Then again, being afraid to lose the money has the funny effect of MAKING you lose the money. A balance needs to be discovered.

I've been at this for a few years now. First I was losing; now I'm breaking even. Sadly, my Mom passed last year, and I'm left with about 180K to trade with which I'll be receiving in a few weeks. Emotional money. Probably worse than trading a 2K or 3K account. I should probably stick my tail between my legs and run like hell away from trading!