Is making a $100,000 a month prop/retail trading

[stock777]

Im so greatful that some of you even take the time to post. At your income level it must cost at least $100 in forgone easy $ to enter your wisdom.

 

[bestfriend]

Yes, I have calculated Gertsman's cost of posting...but it is way over $100. Everyone please include their billing address in their next post so he may collect.

 

[William Rennick]

Quote from steve46:

Yes it is possible. The question to ask however is "how".

I know of several who operate at that level.

Here is what is needed in order to get there.

First you need to have a significant edge

Second you would have a set of system rules that keep you out of the market when no signal is present

Third, you would need to operate with precision (execution skills)

Fourth you would need to trade with discipline taking only your signals.

Fifth, you would need to have the skill to recognize when conditions call for trading up (size), and the courage to hold through some pain.

Now, I know this is correct (accurate) and that it describes what you need to get to that level. Can you get there? Can you assemble the tools, and control your emotions in such a way as to make that your reality?

Good luck,
Steve

Good job, one of the best posts I've read.

...Rennick out

 

[marky1]

In 2003 I was able to make on average $100,000 a month, although some were more and some were less from memory none were down months. 2004 and 2005 were not up to that level, about 50-60% as I found I had to adapt my trading to chaging markets. I also know of a few people in my office who have reached that level. We trade futures in a prop firm, but yes we hold overnight positions, although usually not outright. It can be done and it could surprise some that once you find a niche it doesn't actually take a lot of size to attain these kind of profitability levels.

 

[stockerup]

Quote from agin1415:

Not a prop shop, its a "normal account".

You sitting at home in your Pajamas, against the world!

Some use 200:1 or 400:1 its Forex Trading.


Disney is 45 minutes away, but they don't participate, LOL!

Its scared me coming from a stock background, but the moves look just like a normal buying power account, except you don't need more than about 3 to 5K, and if you are properly introduced into Forex by someone, you become very comfortable with it.

My mentor said sometimes its easier for someone with no stock trading background, because you don't know the difference.

If you don't learn properly in either stocks or forex, you blow up your account anyway, doesn't matter what leverage you are using.

Just like if I took you to an Airport and taught you to fly on a 1,500 ft Grass strip, you would do everything like I told you, then you go to the Big 10,000 ft runway, you fly and land like it was a 1,500 ft strip, and you are a better pilot for it.

I like using aviation in comparing things.

FX Trainer?