Monthly Income

Quote from 9gh35:

Hello I am new here.
I have been practicing trading stocks on Ameritrade.
For those who trade regularly, how much do you usually make per month?
Do you cover your expenses? or better stilll, make a profit?
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My system usually generates 6 - 10 k per month, with infrequent down months.
I found a pricing anomaly, coded a strategy to take advantage of it, performed robust backtests, now I let my system run. Trading automated strategies may be more to you liking, it removes the need for discipline, self-control, etc, until they go wrong.
 
My monthly income is sufficient enough for me to cover up the basic cost, but my struggle is to make the money which can bring me financial freedom.
 
9gh35,

Tell the board more of yourself. Those who have responded make their living from trading and are telling you what it takes. That is another world having to earn a living trading.
I assume you are asking your question as an employed person with an interest in
Stocks, trading, investing without a great deal of experience.
Begin the same study and work that the legit traders/posters prescribe here as opposed to the mainstream media. Study and emulate what good traders do, how they think, and how they behave. There is a lot of good stuff here on ET.
Save, contribute heavily to tax detrered retirement savings and learn over time to trade. Possibly, in years to come, you are better capitalized and can earn a decent return/income.

Or, quit your job, open a 5k forex account and have at it. Again and again......
 
Quote from nonlinear5:

"10 thousand hours of painstaking research and development, which included devastating account losses". Incidentally, the answer would be the same if the question was about any other business.
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Do you run any other business ? I suspect many businessmen would have given up their endehaviours if they hadn't become profitable much before that. I sure would .
 
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