How much trading profit is enough to live on?

[comagnum]

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

This is common group think by nearly any futures trader that has been around for a while. The fact you don't get this is alarming since this is outlined in many trading books. The novices usually have very unrealistic expectations, trade way under capitalized and with much larger size than pros do. Nothing wrong with being a pure speculator - but to think it can be made into an ATM giving monthly returns is pure fantasy.

 

[algofy]

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

This is common group think by nearly any futures trader that has been around for a while. The fact you don't get this is alarming since this is outlined in many trading books. The novices usually have very unrealistic expectations, trade way under capitalized and with much larger size than pros do. Nothing wrong with being a pure speculator - but to think it can be made into an ATM giving monthly returns is pure fantasy.

I was profitable every single month last year. Fantasy??

 

[comagnum]

Big claims.... Not many futures traders, even the best, could claim that. If you really pulled that off than power to you - if you can back that up you could write a book and sell it to the 5,000 or so CTAs how to never have a losing month.

 

[algofy]

Big claims.... Not many futures traders, even the best, could claim that. If you really pulled that off than power to you - if you can back that up you could write a book and sell it to the 5,000 or so CTAs how to never have a losing month.

I don't need to write a book or sell anything to anybody.

 

[comagnum]

Your the one claiming to have made 7 digits and not had a losing month - and on top of that from a small account - which means your one of the greatest of all times - according to you.

I stand down - I cant possibly compete with such big time traders....

 

[algofy]

Your the one claiming to have made 7 digits and not had a losing month - and on top of that from a small account - which means your one of the greatest of all times - according to you.

I stand down - I cant possibly compete with such big time traders....

Maybe best to just let it go man.

 

[Turveyd]

Big claims.... Not many futures traders, even the best, could claim that. If you really pulled that off than power to you - if you can back that up you could write a book and sell it to us nearly every CTA how to never have a losing month.

Trading isn't something you learn by reading a book, writing a book is something failed traders do fool!

 

[Turveyd]

Your the one claiming to have made 7 digits and not had a losing month - and on top of that from a small account - which means your one of the greatest of all times - according to you.

I stand down - I cant possibly compete with such big time traders....

When and where did anyone claim 7 digits? You just making that up?

 

[algofy]

Trading isn't something you learn by reading a book, writing a book is something failed traders do fool!

This comagnum guy is whacky, he came after me on PM.

 

[007Arb]

The question should be not how much trading profit to live on but to retire on. I don't know how many traders have an IRA account. Probably very few. I don't know where I would be had I not opened up an IRA account in 93 and then compounded those contributions over time. Of course now I have to start drawing out and paying taxes. Biggest financial mistake i ever made was not converting to a ROTH when they became available in the late 90s.