How Realistic? $50k account, $500 / day

But seriously, if my system makes 20% monthly (that's what we are discussing after all), why would I care about that 3% monthly CC payment? More money multiplies faster, not to mention after a few months I could pay back the CC in full, so there is really no good reason NOT to use credit.

Of course the big IF is if I have a system making 20% monthly in the first place. And we came to full circle, closing the thread.

Good bye Dudette, it was nice to see the jiggle....
 
Yes, and that is the purpose of debt. So long as you can average a return that exceeds the cost of your debt, a cost that may be tax deductible, you are ahead.

BUUUUT,

Be careful. If you lose the money to your trading, you're going to get bitten at both ends. Not only will you still owe the money, but you may be paying through the teeth for it.

Also, credit can work against your psychology. This is why my account is down $2100 right now. I was buying deeper and deeper into my system with borrowed money, and it started to hurt a little too much, so I exited the trade with that loss. It was an unfortunate event because my system was correct, and if I had stuck to it, I would have profited greatly instead of taking that loss.
 
Pekelo said:
But seriously, if my system makes 20% monthly (that's what we are discussing after all), why would I care about that 3% monthly CC payment? More money multiplies faster, not to mention after a few months I could pay back the CC in full, so there is really no good reason NOT to use credit.

Of course the big IF is if I have a system making 20% monthly in the first place. And we came to full circle, closing the thread.

Good bye Dudette, it was nice to see the jiggle....
More...

I would say you are a pink shirt boy, and only showed those jugs cause you are hiding it:rolleyes:

As for trading, it is obvious that ye haven't a clue what ye are talking about - stick to your steam account:D:finger:

J_S
 
SimpleTrades said:
Yes, and that is the purpose of debt. So long as you can average a return that exceeds the cost of your debt, a cost that may be tax deductible, you are ahead.

BUUUUT,

Be careful. If you lose the money to your trading, you're going to get bitten at both ends. Not only will you still owe the money, but you may be paying through the teeth for it.

Also, credit can work against your psychology. This is why my account is down $2100 right now. I was buying deeper and deeper into my system with borrowed money, and it started to hurt a little too much, so I exited the trade with that loss. It was an unfortunate event because my system was correct, and if I had stuck to it, I would have profited greatly instead of taking that loss.
More...

You wouldn't know a system if it jumped up and bit you in the arse.

Do you actually realize how stupid your posts are - but then again, you are posting to the pink shirt boy, so, that is to be expected.

Where do they educate you people - really:rolleyes:

J_S
 
1% a day is sure a reasonable/ realistic goal if you have a profitable trading system working at your display coupled with a good money management skills which are definitely the most important aspect of achieving your daily target. One thing which should cut across to you is your goal per day would largely be determined by your level of risk tolerance so you should learn how to manage your risk and greed aspect well.Other than that 1% is achievable by all standards. Good luck
 
So let me ask the achievable guys, how many traders do you know, who made 250% annually in the last 3 years, each year? Oh, none?
 
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