How much do you aspire to make per year trading

[Millionaire]

For me, the ideal goal is 200K per year. I would be comfortable reaching that goal with 10 million in the futures account.

In your situation if I had 10m liquid net worth but only wanted to make $200K trading, I you would put 4% of that 10million (400K) into a futures account and look to make 50% on it. You wouldn't even need 400K in there, you could get by with just enough to cover margin plus a buffer on top, and then top up as needed.

The other 9.6 million i would invest in other liquid instruments.

 

[Overnight]

...I you would put 4% of that 10million (400K) into a futures account and look to make 50% on it. You wouldn't even need 400K in there, instead just enough to cover margin and a bit of buffer, and then top up as needed.

The 9.6 million i would invest in other liquid instruments.

So you could make 50% a year in your futures account? Then why do you need 400K? Why not 10K? Why not make 5 million on your 10M account?

 

[HobbyTrading]

I don't consider myself a trader but more an investor. The trading I do is on a slower time scale and for longer time horizons. As I use my trading profits to pay my daily living cost expenses (supplement retirement income) I consider risk management more important than maximizing profits. As long as the annual profits are somewhat exceeding the annual living expenses I'm satisfied.

 

[schizo]

So you could make 50% a year in your futures account? Then why do you need 400K? Why not 10K? Why not make 5 million on your 10M account?

Don't mean to pour cold water on anyone but why is it that everyone here thinks they are PROFITABLE in the first place? Forget making 50% per annum (or even 5%, for that matter). From what I've read thus far, over 90% of the traders don't make any money, that is, they LOSE money.

 

[Millionaire]

From what I've read thus far, over 90% of the traders don't make any money, that is, they LOSE money.

A profitable traders profits have got to come from somewhere.

 

[cruisecontrol]

Over the years, I've realized the most important thing in this game isn't money but keeping your sanity. Too many insane people here.

username checks out.

 

[virtusa]

Over the years, I've realized the most important thing in this game isn't money but keeping your sanity.

If there is a connection between staying healthy and trading, you should stop trading. It would also confirm that you are losing money what might affect your health.
I don't see why trading would affect your trading. So your remark makes no sense. Sounds like an excuse to protect your ego against feeling to be a loser.

Schizophrenic?

I don't care of 90% losing money, I only care about my trading.

 

[deaddog]

why is it that everyone here thinks they are PROFITABLE in the first place?

There shouldn't be any thinking involved. Either you have more money than you started with or you don't.

Mind you there are a few who are planning to be profitable.

 

[cruisecontrol]

If you can make $10M a year in trading, I think it will be very difficult to find an activity that makes more money.

It is just very difficult to make $10M, full stop. If you can do it in trading, you're probably more likely to do it in something else than an average person because the that kind of talent tends to be at least partially transferrable.
Personally I like the idea of getting into venture capital if I had 10s of millions to work with. Even if it doesn't make as much trading, I think it would be more interesting and more useful to society.

 

[murray t turtle]

I don't consider myself a trader but more an investor. The trading I do is on a slower time scale and for longer time horizons. As I use my trading profits to pay my daily living cost expenses (supplement retirement income) I consider risk management more important than maximizing profits. As long as the annual profits are somewhat exceeding the annual living expenses I'm satisfied.

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Good points;
+ i noticed this pattern,,2.. YOUR post$ are much better than you nickname\LOL
Good low goal on annual profits/quarterly helps also. Gardens or farms help.
I retire daily, but do slow starts, better gas mileage+ tire wear I like to trade + invest/more millionaire investors than traders. Certain exceptions apply; thanks.