Honestly, Can You Be Successful Without a HUGE Account?

[bsparkyman]

If you can't make $100/day with a $5,000 account, you are not going to make it with a $50,000 account if you follow the same rules.

 

[99atlantic]

Yesssssssssss, for a day's worth of work and worry about possibly loosing money in the market, i can walk away with a whole $100.


That's just a step above working an 8hr shift at Taco Bell

 

[JimmyJam]

Quote from 99atlantic:

Yesssssssssss, for a day's worth of work and worry about possibly loosing money in the market, i can walk away with a whole $100.


That's just a step above working an 8hr shift at Taco Bell

You're missing the point 99a, once you have enough $100 days you can increase your trade size, eventually working up to trading 10 contracts per round turn, making 130 round turns a day for a total of $1,000, EOD. *being facetious*

Oh, I get it now.

JJ

P.S. Not for nothing, someone from Puretick mentioned how traders who had made money on the Tuesday drop ended up giving back their profits during the ensuring two weeks. Now I see why.

 

[slacker]

Quote from 99atlantic:


...for a day's worth of work and worry...
That's just a step above working an 8hr shift at Taco Bell

Looks more like 2 hours and a half, not a whole day. With a single contract and little risk.

 

[bsparkyman]

Quote from 99atlantic:

Yesssssssssss, for a day's worth of work and worry about possibly loosing money in the market, i can walk away with a whole $100.


That's just a step above working an 8hr shift at Taco Bell

Either you are full of humility or you have never worked a real job in your life. Go work at Taco Bell for a year and you will be begging to make $100/day in the ym. Even if you "have to worry about loosing money."

After all, you can always go back to Taco Bell.

 

[Sanjuro]

If you're short from 55 and cover at 53, how is that a loss of 2?

Quote from GTS:

Really? Must be my eyes - take a look at the first 4 trades again:

Sell 52
Sell 58 << Avg now 55
Buy 53 << Loss of 2
Buy 55 << BE trade

 

[osorico]

Quote from JimmyJam:

...

If you think getting $100 out of 13 trades is good, that's fine too.

Good trading,

Jimmy Jam

For a newbie it's absolutely great! For me 13 trades/$100+ for an entire day is well below average tradewise and monetarily. But I don't have porgie-like accuracy, so it does happen.

 

[JimmyJam]

Quote from osorico:

For a newbie it's absolutely great! For me 13 trades/$100+ for an entire day is well below average tradewise and monetarily. But I don't have porgie-like accuracy, so it does happen.

OK, we're discussing here, not arguing.
***
I think it's building the wrong habits in those aforementioned newbies.

JJ

 

[osorico]

Quote from JimmyJam:

OK, we're discussing here, not arguing.
***
I think it's building the wrong habits in those aforementioned newbies.

JJ

The wrong habits based on what? (See my original post in this thread to you) I like Classic Rock and Roll. Spouse likes Top40. Neighbor is a redneck.

Any particular trading style may or may not be appropriate for any individual trader. And none of us have any right to say otherwise. All we can say is what works for us, individually.

 

[bsparkyman]

There are more ways too make money trading than there are traders. Sorry Jack Hershey.