How much money FROM TRADING do you need to make you happy?

[bone]

The big goal is to be consistent - the money is just an inevitable byproduct of the exercise.

It does not matter how much capitalization you start out with if you are truly consistent - the worm will turn. Consistent traders attract all kinds of capitalization.

 

[Fireplace]

Exactly....too many here try to put the cart before the horse.

Quote from bone:

The big goal is to be consistent - the money is just an inevitable byproduct of the exercise.

 

[cornix]

Considering there are not many people who can consistently trade at all, any consistent trading profits = trader's success, IMO.

 

[jo0477]

Quote from 5yrtrader:

If anyone is happy with your first three categories, they definitely shouldn't be trading. You can easily hit those numbers at a regular job. I beleive most people trade because they want the chance at the tremondous upside trading offers, much like an entrepreneur. Chances that they will fail are high, but if they are successful they could be more successful they anyone else they know.

5yr

No disrespect 5yr, but a person's salary doesn't necessarily equate to hapiness. Depending on location, cost of living, and simply doing what you enjoy - why could a person not make 30-40k/yr trading and not be very happy if they enjoy it and are comfortable with the risk they're taking on. Maybe they hated their job and are happy with their newfound "trader" success.

Even better if they consistently make 30-40k - maybe they do it trading the morning and spend thet rest of the day playing with their kids while mom is performing heart surgery at 300k/yr?

Everyone needs to judge their own success based on personal benchmarks and current situations.

 

[RCG Trader]

Well some others already chimed in here on what I am about to say. Develop a system that can turn 1 dollar into a million dollars. You will prolly stop well before a million because you will see something.


I can see, it took so long just to realize
I'm much too strong not to compromise
Now I see what I am is holding me down
I'll turn it around

I finally see the dawn arrivin
I see beyond the road I'm drivin

It's a bright horizon and I'm awaken
I see myself in a brand new way
The sun is shinin, the clouds are breakin
Cause I can't lose now, there's no game to play

Well thats about it, good luck.

 

[jordybrenner]

It's all cake after pussy and Scotch money.

You'll know you are rich when the Scotch you are drinking is older than the woman you are bonking.

 

[jimbojim]

$1000/day

 

[Millionaire]

Trading is my sole income at this stage.

As long it is more than any one else i know, otherwise i feel inferior or i think i made the wrong choice by going into trading.

Also the competivtive side comes out, it is a competition, however not everyone is playing the Capitalist game and i do understand that, however it is quite easy to tell which of your friends and family is Money hungry.

 

[TraDaToR]

100K after taxes, so around 500 before...LOL

 

[orl]

If you have an edge in a liquid market, you will easily make more than 200k a year. The only way to earn less, would be to chose to do so.