Surf Report

[JSSPMK]

Mate the guy is a chump. He was on my thread the other day talking about using the RSI.

Context is more important here, quote what I've said, not just RSI LOL

 

[propwarrior]

I do not think anyone who has less than 1m in their account is a piker. that would clearly be the writings of a lunatic. I said you really need 100k account to have the best shot of making a living, even adding that 25k to 50k is possible but march harder.

 

[Overnight]

If I am a piker because I trade single "lots" and have a relatively small account, then so be it. I'm making a living doing it. I do not mind the label, if that is the general Brit term for small traders. At least I am not a wanker. That would be totally rude. LOL!

 

[JSSPMK]

Re: - RSI

Not trying to be sarcastic, but wouldn't it be easier to take a person that knows nothing about trading, like your other half perhaps, give that person the basic tools ie go long when RSI goes below 30, put that person on a demo account (not making it known, let her think it's real cash) and simply fade each trade?

How does my post suggest that I use RSI? It was merely a suggestion within the context of the above post.

 

[Magna]

Guys, let's dial back the cross-arguments everyone is having with each other. And please keep it civil, for if you revert to childish name-calling you will find yourself blocked from posting on this thread. Thanks.

 

[marketsurfer]

I do not think anyone who has less than 1m in their account is a piker. that would clearly be the writings of a lunatic. I said you really need 100k account to have the best shot of making a living, even adding that 25k to 50k is possible but march harder.

turd.

Do you really believe that one can make a living with $100k in the market?

The typical elite trader making a living with $100k account

"Leaving McDonalds"

 

[Overnight]

Do you really believe that one can make a living with $100k in the market?

I believe it. I am doing it with less. I WISH I had $100K in right now, I would be doing even better.

 

[marketsurfer]

I believe it. I am doing it with less. I WISH I had $100K in right now, I would be doing even better.

Prop shop leverage?

 

[Overnight]

Prop shop leverage?

No sir.

https://www.elitetrader.com/et/threads/and-they-have-a-plan-live.306838/

 

[southall]

I believe it. I am doing it with less. I WISH I had $100K in right now, I would be doing even better.

Do you have another source of income: parents, spouse, rentals.
As a poor year trading will mean your living expenses will eat a big chunk of a sub 100K account and take you out the game.
If you haven't had a poor/bad year trading yet, then you have been lucky.