The average over 3 years is ~300K/year.
How much do you aspire to make per year trading
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The average over 3 years is ~300K/year.
You could have done that much earlier.
Did you have to sit in front of your monitors for many hours per day to make that NET profit, or was it an automated strategy of some sort?
I had to sit in front of my monitors ungodly hours. pretty much 16/7. Reviewing trades, fixing mentality.
I don't need to do it anymore, most of the day I'm walking around the office.
Well then it is a no-brainer, man! You set your strats up before you go to the 900K/year job, and come home with extra bank! Dude, take the job!
Thanks for this. Its actually quite helpful. I see 21 trades with 5 losses, so lets call this a 75% win rate. This is of course very good, and even better that the average win is bigger than the average loss. What would be interesting would also be to know what the max drawdown is for some of those trades. A couple of the losses are in the $500-700 range, but some wins are only $100-200. So then it makes one wonder if even the winners had a deeper drawdown.
The reason why all of this matters, at least to me, is that maybe it shows that you don't have precise entries, which makes the results quite realistic compared to what maybe most other guys are getting. And maybe it also shows that lots of trades initially go against you. So then perhaps where your profitability comes from is more about trade management rather than just amazing entries or always getting the direction right. I think many traders, before giving up, are perhaps 80% of the way there. But maybe that last hurdle of better trade management, or not giving up after a few losses for the day is where they go wrong.
You have a string of 3 losses in a row, imagine a new guy starting out with this. He would be down in the dumps and give up for the day, whereas you keep trading away, and this really shows what consistent profitability entails. It clearly doesn't mean just putting on winning trades. If you wouldn't mind, I would love to also see the entries for these trades as I believe the time stamps are the exits. I would love to plot these trades on a chart to see how you're entering, because this would be interesting to analyze, along with the later chart you posted about how you're looking for support and resistance.
They're not automated man. The job bans day trading anyway.
There is no 900K job. Companies that pay that much have no shortage of top tier candidates to pick from. They don't need to beg anyone to take the job.
The job bans daytrading? Bonus! We don't know WTF you are doing, that a job you might take at 900K per year bans daytrading! AHHAHA! Hoodwinked we have been! Well, that was an hour wasted.
I think you've taken the important lessons.
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