I've had a pretty good job for the last two years. A single guy with no car payment or mortgage or credit card debt, no fancy purchases. I've only been able to sock away $20k during that time. How do you guys and gals manage to put together these deep 6 figure trading accounts? Inheritance? DINKs that live even more frugally than me?
How did you get your trading capital?
- Thread starter SomeYoungGuy
- Start date
They get it from demo accounts.
Read market wizards . A lot of successful traders started with 30k or under. I'm sure a lot of inheritance people end up losing most of it if they were newbies and didn't go through the process of actually learning to trade. I rather start with very little and blow out 3 times than start with a big inheritance and blow out once.
Rich parents. Some senior traders still living at parents' house
being served breakfast , lunch and dinner and tucked into bed.
Does not mean they make money consistently but they are like arcade hoppers. When market is good , they make a lot , take it home and being glorified.
When they loose they either leave losses behind and move on like locust often bringing firms down.. and they donât talk about it. If they are really in trouble they get new cushion from daddy and they are back in the game. Parents donât understand really what
is going on and they rather supporting the kidâs âphonyâ wall street career because it seems prestigious. So many of these I metâ¦.Trading is not a job or a profession..
it is a lifestyleâ¦and no matter how one performs ..unwilling to give it up.
being served breakfast , lunch and dinner and tucked into bed.
Does not mean they make money consistently but they are like arcade hoppers. When market is good , they make a lot , take it home and being glorified.
When they loose they either leave losses behind and move on like locust often bringing firms down.. and they donât talk about it. If they are really in trouble they get new cushion from daddy and they are back in the game. Parents donât understand really what
is going on and they rather supporting the kidâs âphonyâ wall street career because it seems prestigious. So many of these I metâ¦.Trading is not a job or a profession..
it is a lifestyleâ¦and no matter how one performs ..unwilling to give it up.
When I was 17 I got a job at a restaurant and while still in high school saved about $10,000 in about 10 months. I didn't pay rent, my cell phone, or my car. I paid for my insurance, gas and going out money.
I invested all of it into my brokerage account as well as on average about $100 a month since then. Now I put about $200 into my Roth IRA every month and do not add any money to my brokerage account. I put the $10,000 in right before 9/11
I invested all of it into my brokerage account as well as on average about $100 a month since then. Now I put about $200 into my Roth IRA every month and do not add any money to my brokerage account. I put the $10,000 in right before 9/11
Selling services to Pumas.
Have to make some sacrifices if you wanna make it.
Have to make some sacrifices if you wanna make it.
I made most of mine with affiliate marketing websites promoting others products - mostly in the weight loss niche. The take was good in the early 2000s until about 1-2 years ago. Now there it is so over-saturated it is hard to find profitable niches. So many newbies to it also buy info products claiming overnight riches. The industry churns and burns itself.
In all, I took about $250,000 over 3 years from affiliate marketing from 5 websites that took me a week or so to setup and promote.
In all, I took about $250,000 over 3 years from affiliate marketing from 5 websites that took me a week or so to setup and promote.