Surf Report

[marketsurfer]

That depends on what one's living expenses are, now doesn't it? It doesn't take a PhD in blah blah blah to figure that part out.

Yes, that is true. Im not here to dash anyone's dreams or goals, i have a few myself....

Good luck and may you find success in all that you do.

surf

 

[Overnight]

...

could you be special? The next wizard? Sure, but i have never seen it.

Peace

No, I am not special! I'm just zis guy, you know? Why does someone have to be "the next wizard" to make a living trading? What are you on about?

 

[marketsurfer]

No, I am not special! I'm just zis guy, you know? Why does someone have to be "the next wizard" to make a living trading? What are you on about?

It's not make a living-- its make a living being radically undercapitalized-- your percentage returns needed place u in the wizard category if u can do it.

You're a guy?

surf

 

[vanzandt]

No offense meant, but there are rooms full of PhD's that can't make the returns you need to make a consistent living with $100k.

You can if you daytrade options. But you better know what the F you're doing.
PHD means nothing Surf.... I'm surprised you said that.
Intuition is where its at. With or without a sheepskin.

 

[Overnight]

It's not make a living-- its make a living being radically undercapitalized-- your percentage returns needed place u in the wizard category if u can do it...

I am not radically undercapitalized for what I am doing. And as for the percentage returns needed to make a living? Again, you like someone else in this thread are making assumptions about living expenses you have no clue on. You cannot make blanket statements that someone with $100K in a trading account cannot make a living at it.

You would be a very poor trading counselor if that is the generic template you have in your mind. IMO of course.

 

[southall]

Overnight,

As you have a good 3 year track record, have you considered trading OPM to boost returns.
Perhaps take on another 100K with a 50:50 profit split.

 

[propwarrior]

I am not radically undercapitalized for what I am doing. And as for the percentage returns needed to make a living? Again, you like someone else in this thread are making assumptions about living expenses you have no clue on. You cannot make blanket statements that someone with $100K in a trading account cannot make a living at it.

You would be a very poor trading counselor if that is the generic template you have in your mind. IMO of course.

don't be put off by him, the guy trades $100 Nadex binaries and is a fantasist. $100k is enough to have a shot to build a career in this business. I have seen people make it from less and plenty who have busted their account starting with more.

 

[Overnight]

Overnight,

As you have a good 3 year track record, have you considered trading OPM to boost returns.
Perhaps take on another 100K with a 50:50 profit split.

You misread my post above. I do not have a 3-year track record. I typed that I have been studying for 3 years, day-in and day-out.

The last 12 months is where I started figuring things out in sim, and have been truly live (aside from a few live pokes here and there in the past year) since early Jan of 2017.

I refuse to think about OPM until I can make the money myself for, as you say, 3-5 years. And even at that point, if after 3 years I am still doing it, why would I want to drop my profit haul from 100% to a 50-50 split?

 

[Overnight]

Living expenses in the Global South are 1- 2 orders of magnitude lower. We sometimes assume posters are talking about Europe / North America.

I have no idea what that is supposed to mean. I live in the western hemisphere. Does that count?

And by the way, what do you mean "we"? Who else are you speaking for?

 

[newwurldmn]

I have no idea what that is supposed to mean. I live in the western hemisphere. Does that count?

And by the way, what do you mean "we"? Who else are you speaking for?

"South" means poor countries.
Surf/Truetype are using globally elitist terms from the 70s and 80s.