How much trading profit is enough to live on?

[comagnum]

if you work at daytrading long and hard enough you can ( many will fail ) turn a small sub 1k even account into a good life style.
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That is the funniest thing I ever heard! Trading a sub $1K account into a good life style would make you world famous - you would be on talk shows, featured on every news channel, you would be the most famous trader that ever lived, a real legend - a house hold name. Thanks for making me laugh so hard.

 

[algofy]

You guys that are making over 20% a year daytrading need to sign up with Fundseeder. Jack Schwager would love to interview you for his next book...

% return is not a universal metric beteen different account sizes.

 

[algofy]

if you work at daytrading long and hard enough you can ( many will fail ) turn a small sub 1k even account into a good life style.
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That is the funniest thing I ever heard! Trading a sub $1K account into a good life style would make you world famous - you would be on talk shows, featured on every news channel, you would be the most famous trader that ever lived, a real legend - a house hold name. Thanks for making me laugh so hard.

You're a jerk CO. So condescending in the majority of your posts. The point turv was trying to make is you can run close to your margin for a long period of time and then finally figure it out and grow your account from there.

 

[Turveyd]

if you work at daytrading long and hard enough you can ( many will fail ) turn a small sub 1k even account into a good life style.
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That is the funniest thing I ever heard! Trading a sub $1K account into a good life style would make you world famous - you would be on talk shows, featured on every news channel, you would be the most famous trader that ever lived, a real legend - a house hold name. Thanks for making me laugh so hard.

Really there are quite a few I've known to achieve this and I'm well on my way, I turned 600 into 10k + in 6months before losing the plot, no tv deals for anyone.

Maybe you should learn to trade better?

 

[comagnum]

Maybe you should learn to trade better?
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So now you change your story - trying to make it a bit more believable. You should stop making up wild claims which are beyond ludacris not to mention mathematically impossible. To believe that you can make a nice life stye on a sub $1,000 account is far from reality. Pro traders are very good at self appraisal - naive traders that are extremely under capitalized are the complete opposite - they believe their own lies & fantasies.

Living in your fantasy world is one thing, when you go promoting such B.S. on a forum than you deserve a dose of reality so to as not misinform others.

https://www.thebalance.com/is-it-possible-to-trade-commodities-for-a-living-809214

The point turv was trying to make is you can run close to your margin for a long period of time and then finally figure it out and grow your account from there.

The first job for a trader trying to make trading a sustainable income is to listen to suggestion from the pros - like saving enough capital before trading so you even stand a chance. Its your $, go ahead, do it your own way,gamble away what you have and join the statistics. And a few fools join up and call me names for stating the obvious and making your boy completely alter his story - now I have the way under capitalized fish food crew calling me names, hence I took the liberty to call them fools since their debating I.Q. is about 5th grade level.

 

[Turveyd]

Maybe you should learn to trade better?
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So now you change your story - trying to make it a bit more believable. You should stop making up wild claims which are beyond ludacris not to mention mathematically impossible. To believe that you can make a nice life stye on a sub $1,000 account is far from reality. Pro traders are very good at self appraisal - naive traders that are extremely under capitalized are the complete opposite - they believe their own lies & fantasies.

Living in your fantasy world is one thing, when you go promoting such B.S. on a forum than you deserve a dose of reality so to as not misinform others.

https://www.thebalance.com/is-it-possible-to-trade-commodities-for-a-living-809214

The point turv was trying to make is you can run close to your margin for a long period of time and then finally figure it out and grow your account from there.

The first job for a trader trying to make trading a sustainable income is to listen to suggestion from the pros - like saving enough capital before trading so you even stand a chance. Its your $, go ahead, do it your own way,gamble away what you have and join the statistics. And a few fools join up and call me names for stating the obvious and making your boy completely alter his story - yet I am the villain - LOL!

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No changing, obviously you have to make the $1000 grow but realistically I could make a good living especially with the good exchange rate with a 10K account, bringing in $2000 per month, so that's 20% per month, easy peasy.

More money = More stress and more money wasted, so I totally disagree especially as being poor normal working guy, I can't come up with 100K EVER except by trading.

Villian, yes you have a view point based on your own experience and can't except that there are other ways from low funds to beat this game, nothing is changed, you can turn a small account into a larger account and live off that via daytrading, when you get good enough, which is the tricky part.

Just cause you don't ever require being good enough to do this, doesn't mean that others can't be.

Many Many years ago I turned a 2K account trading stocks, went down to $500 into a $12,000 account, I took 2 - 3K per month out of that and lived off it for 6months fulltime before daytrader rule ruined all my hard work, so don't say it can't be done.

 

[comagnum]

No changing, obviously you have to make the $1000 grow but realistically I could make a good living especially with the good exchange rate with a 10K account, bringing in $2000 per month, so that's 20% per month, easy peasy.
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The best derivative traders on the planet have a ROR of about 49%. Yet you claim to be able to make 240% - you think you are the best trader of all times? The Internet is chocked with such bogus claims - Dream on...

 

[algofy]

No changing, obviously you have to make the $1000 grow but realistically I could make a good living especially with the good exchange rate with a 10K account, bringing in $2000 per month, so that's 20% per month, easy peasy.
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The best derivative traders on the planet have a ROR of about 49%. Yet you claim to be able to make 240% - you think you are the best trader of all times? The Internet is chocked with such bogus claims - Dream on...

% return cannot be applied generically across across different account sizes.

 

[comagnum]

% return cannot be applied generically across across different account sizes.

Sounds like you referring to pure derivative speculation which is like gambling - you go for broke taking wild risks with $ you can afford to lose. That has a very thin success rate, a few make some large gains and end up giving it all back, most go bust, a rare few make a killing and get out - Hillary Clinton is an example of that, although she had a pro cattle futures trader guiding her. Trading as a business to make an income for life require a great deal of risk mgmt, and proper capital - the best of this group has a 10 year ROR under 49% - this group may have a 20% month here and there, but will not be able to sustain it.

 

[algofy]

% return cannot be applied generically across across different account sizes.

Sounds like you referring to pure derivative speculation. That has a very thin success rate, a few make some large gains and end up giving it all back, most go bust, a rare few make a killing and get out - Hillary Clinton is an example of that, although she had a pro cattle futures trader guiding her. Trading as a business to make an income for life require a great deal of risk mgmt, and proper capital - the best of this group has a 10 year ROR under 49% - this group may have a 20% month here and there, but will not be able to sustain it.

You seem to know allot. Where do you get all your facts?