Is 50,000$ Enough to set up a trading account to earn a full time living?

[rb7]

Compounding is only best for investing? First time I've heard anything like this.

Re-read what I've wrote.
Not the words, but the sense.

And btw, the compounding argument is more a myth than anything else.
Meaning, it works in theory, but in real life (again, I'm referring to trading here), it's another game.

Again, re-read the above.

 

[RedSun]

Re-read what I've wrote.
Not the words, but the sense.

And btw, the compounding argument is more a myth than anything else.
Meaning, it works in theory, but in real life (again, I'm referring to trading here), it's another game.

Again, re-read the above.

No sir, compounding is the basic principle of finance. Students are taught at middle school or earlier.

There is no absolute distinction of trading vs investing. If I hold 100 MSFT shares for 3-5 days, it can be either investing or trading.

And if I have 100% return on my $50,000, I get a total of $100,000 to use for either investing or trading.

So I do not know what is hard to use that $100,000 for trading. And here is what you just said....

Yes, but.
Compounding works best for investing, less for trading, especially when you trade for a living.

 

[rb7]

Sigh...
Sometimes I'm wondering why I argue in this forum....

 

[Collagen]

“This is how some traders can grow from”. And many others go broke or after that go broke. A piece of advice: if

Yes, but.
Compounding works best for investing, less for trading, especially when you trade for a living.

BS. Unless You know what speculation is which I doubt.

 

[deaddog]

Tony Oz in his book "Stock Trader" traded a 50K account for a month in the dot-com heyday.

I believe he made 28K that month. He pulled his winnings every Friday, so compounding wasn't a factor.

Yes it can be done. Or maybe just for a short while.

I think Oz finally went broke and quit trading.

 

[NumberZ]

The people on "Fintwit" I see making big profits are mostly options trading.

 

[Handle123]

I HAVE EXPERIENCE & KEEP IN MY MIND I DONT LIKE LEVERAGE

Many traders have experience, but whether you can do 200% a year are the 1 percenters.

 

[RedSun]

We all know this is ET, period.

For the people who read ET, we are not ordinary people who want to earn 10% each year. That is investment. We want 20%, 50%, 100% or more. Of course a lot people take over-sized risk and can't control the risk. That is blow-up.

With hindsight, MRNA has YTD return of 102%. Some others may have similar returns. I do not trade MRNA, but just a hint of what could be done or could have been done. If you day-trade, or use margins, then you could have had more than 100% return. There are other stocks that have YDT return more than 100%. You'll have to find those. Just do not say this is not possible if you do not know how and where to find. Or you blow-up for taking 10x leverage.

I do not know what the performance of the top 5% or top 1% of traders. But if you can't be the top trader, then the 100% or 200% may not be realistic.

I'd advise people read, read and learn. Before make huge statement that would cause problems.

 

[deaddog]

I'd advise people read, read and learn. Before make huge statement that would cause problems.

Find out why traders fail then don't do that!

 

[RedSun]

Traders fail because they have no edge, worse if no discipline and blow up....

That is clear to everyone. But that is not everyone.