Thinking About Going Full Time Trading - Want to Make $100K a Month
- Thread starter Vicanator
- Start date
I am pretty sick of people saying X is impossible, Y can't happen, Z is an anomaly. I believe people should find out for themselves if it can be done or not.
If you believe you can make $1,200,000 from $100,000 in one year go for it. Much crazier shit has been done by humans. We bended metal and fly people across oceans for gods sake. :eek:
This is wrong. 0.01/100 == 0.0001
If people say from start already that something is impossible, it will be impossible for them. They predefine their thoughts, actions and behavior already to proof their previous statement.
It is self fulfilling. Tell all the time you are a loser and you will be one in the end.
The same tactics are or were used by IS (and all kind of religions), dictators like Poetin, Stalin, Lenin, Kim Jong-Un to manipulate people. But also in Neurolinguistic programming (NLP) or psychiatry in general.... even the US government uses it (Saddam Hoessein has chemical weapons but in the end there was never proof he had, all they wanted to do is manipulate people so that they would agree with militarian action).
Read this story, contains a lot of truth:
http://theunboundedspirit.com/short-story-the-elephant-and-the-rope/
And this one to show how people in North Korea government show the real lieve in the US:
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Not losing..., is impossible - losing small is
Consistency begets consistency
==================
250 days (there 249 this year) X 4800 = 1.2M
1.2 / 12 = 100k
Need to factor in losing days - there will be
You're starting with 100K trading account - figure out how much of whatever it is you're trading - you can buy
Then figure out how much it needs to move
Then figure out how much it actually moves
Then figure out how much of that actual move you need to capture (remember the entire actual move includes bidirectional moves)
You now have the framework roughed out - build a shack or a mansion - your choice
RN
The way people calculate here is too simple. You should know a lot of things before you know exactly what you should have to do to reach the 100K a month.
I build an excel application to have a more realistic view on things and it has also the possibilitiy to make simulations.
You need to fill in the following information:
If you fill in your real trades he will give you:
You can even give the average profit per day you expect and you will see the hypothetical result in your account at the end of the year.
You can choose to work with compounding or not.
Results from a few randomnly chosen simulations based on trading the ES:
You should first define each of the elements that you have to input. Only than you can have an idea about what you need or where you will go.
I understand that I cannot add the excel here because this feauture is blocked......
I build an excel application to have a more realistic view on things and it has also the possibilitiy to make simulations.
You need to fill in the following information:
- margin per contract
- max contracts
- account size
- commission
- withdrawals
If you fill in your real trades he will give you:
- total profits and number of winning trades
- total losses and number of losing trades
- how much in % you gave back in losing trades
- number of contracts traded
- profit in points
- return on capital invested
- evolution of account
- max drawdown
You can even give the average profit per day you expect and you will see the hypothetical result in your account at the end of the year.
You can choose to work with compounding or not.
Results from a few randomnly chosen simulations based on trading the ES:
You should first define each of the elements that you have to input. Only than you can have an idea about what you need or where you will go.
I understand that I cannot add the excel here because this feauture is blocked......
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Currently this is my favorite thread. 100 bucks says the OP is Surf. The request itself is just so stupid, it has to be Surf, trolling us as usual.
But in the no chance the request is real, we would like to ask the OP to share his knowledge and help us to make 240K trades. Then in return we will fine tune his trading method and help him to make that lousy 100K per month.
Fair deal I say...
But in the no chance the request is real, we would like to ask the OP to share his knowledge and help us to make 240K trades. Then in return we will fine tune his trading method and help him to make that lousy 100K per month.
Fair deal I say...
Knowing that 99.99% op ET members don't make this amount of money, the opposite will rather happen: people will like to steal your brain.
All this presuming that you really are as succesful as you write. On internet nobody knows what is true or false, that's the only thing that we are sure about that it is true.
If you reach the 100K a day you can contact me, I will bring you to the level I reached, which is 1 million a day. But by the time you reach 100K I might already be at 10 million a day...LOL.
For me it was clear from start that is was fake.
Maybe Surf is paid by Baron to keep some activity on the forum. A win-win situation, because Baron will have additional postings, and Surf will have at least some money now.
If the OP were real, he should have said, X is my account size, Y is what I make currently and Z is what I am trading. Without knowing those parameters, (or knowing what his issues are) how can we help?
But anyway, if someone is already making money, most of the time using more leverage or a bigger account size does the trick. If he still has psychological issues (like missing out on profitable trades, not staying in the position long enough,revenge trading, etc) he needs a trading coach or a shrink. Let me look up my calendar when I can be booked.
But anyway, if someone is already making money, most of the time using more leverage or a bigger account size does the trick. If he still has psychological issues (like missing out on profitable trades, not staying in the position long enough,revenge trading, etc) he needs a trading coach or a shrink. Let me look up my calendar when I can be booked.
Are you shrink or shrek?If the OP were real, he should have said, X is my account size, Y is what I make currently and Z is what I am trading. Without knowing those parameters, (or knowing what his issues are) how can we help?
But anyway, if someone is already making money, most of the time using more leverage or a bigger account size does the trick. If he still has psychological issues (like missing out on profitable trades, not staying in the position long enough,revenge trading, etc) he needs a trading coach or a shrink. Let me look up my calendar when I can be booked.