How much do you aspire to make per year trading

[vincentnyc]

Great post.
Trading can easily fuck you up, as can be both highly addictive and depression causing.
With the risk of ending up like Livermore.

true dat...trading is like a drug for some...

 

[Millionaire]

I like @SimpleMeLike take on this.

$1 Million is going to solve every one of his life problems, with no convincing him otherwise.

 

[Arnie Guitar]

I'm pretty sure I've seen a dumber thread,
just can't remember when.

 

[vincentnyc]

I'm pretty sure I've seen a dumber thread,
just can't remember when.

maybe it was this?

 

[Overnight]

I picked 10 million because it is a silly poll, so it deserved a silly answer. A more proper question to ask is "How much do you EXPECT to make per year trading."

 

[Arnie Guitar]

1% per week
52% per year

 

[Millionaire]

A more proper question to ask is "How much do you EXPECT to make per year trading."

But that is not equal among traders as some have much smaller accounts than they would ideally like.

The 'aspirational figure' should be based the ideal account size for each trader. What ever size they think is realistically ideal for them.

In your own Journal you gave the impression that your account size was not as big as you would ideally like.

 

[Overnight]

...

In your own Journal you gave the impression that your account size was not as big as you would ideally like.

This is true, based on how much I would ideally like to make. How about this question? "How much would you like your account size to be to meet your goals?"

Then I would pick 10 mil as an honest answer.

 

[Millionaire]

Then I would pick 10 mil as an honest answer.

The 10M+ option is for people who want to reach for the stars. Trade as big as the market will let them.

I used to think that way. When I started out i read about the trading greats, like Jesse Livermore and the traders interviewed in Market Wizards and how they made 100s of millions from trading.

But these days the dream is to make $1M to $2M a year.

And if i miss and only make $250K thats not bad either.

I make $250K as a software engineer, so anything below that doesn't inspire me so much.

But if I only made $25K a year in my day job, i would probably be thrilled to make $100K a year from trading.

 

[Overnight]

The 10M+ option is for people who want to reach for the stars. Trade as big as the market will let them...

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

Of course, that 2% goal is silly with that much money in a way, because it could easily be reached by simply buying QQQ on any given year and exceeding 2%. But that is passive inventing. I am talking about engaged trading.