Thinking About Going Full Time Trading - Want to Make $100K a Month

[Turveyd]

If I'm making $3000 on a VERY good month I will add, at $10-$20 per pip, call it $15.

100/3=33.333

So I'd need to increase the Lot/Contract size by 33x's so call it $500 per pip/pt.

Is that even possible ??

 

[i960]

If you have a non gimmicky edge, an instrument with liquidity, and the ability to trade it without the size affecting your decisions then yes. Personally I don't think people who have the skills to pull 100k a month on a 100k account would even be asking how. You've pretty much got to work your balls off and have a sharp read with a smaller account.

 

[JTrades]

I need already 2 mil for my house.

Very nice! North Europe? Is it as old as it looks?

 

[smallStops]

JTrades : does your story conyinues after discovering your aunt will ? How did
you transition to the other person's statement

i am nobody : it looks like a northern hemisphere location. Very good taste.

 

[jl1575]

View attachment 153291



Very nice! North Europe? Is it as old as it looks?

The house is on sale for about $1.5 mm in Netherlands (built in 1991).

http://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=nl&u=http://immo.vlan.be/nl/Detail/Uitzonderlijke-woning/te-koop/0000/Onbepaalde%20gemeente/(RAD49573)?utm_source=Trovit&utm_medium=CPC&utm_campaign=Premium&usg=ALkJrhgtufDwV2yDC297ZESaooWrGltt7w

https://www.google.com/search?q=€+1,400,000&rlz=1C1CHNQ_enUS574US574&oq=€+1,400,000&aqs=chrome..69i57&sourceid=chrome&es_sm=93&ie=UTF-8

 

[JTrades]

JTrades : does your story conyinues after discovering your aunt will ? How did
you transition to the other person's statement

The story was almost entirely fictional (and was setting up). The statement is real. There's practically no transition from one to the other.

 

[smallStops]

The story was almost entirely fictional (and was setting up). The statement is real. There's practically no transition from one to the other.

So I did well to ask!!!

 

[JTrades]

So I did well to ask!!!

Aww, yes you did!

 

[Vicanator]

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

Thank you Red Neck

 

[jl1575]

Not losing..., is impossible - losing small is


RN

The critical difference between earning by salary or by trading is the losing issue. So whoever finally can make it is the one who can win the game of avoiding/minimizing losing, as people can always spot some winning trades after a couple years of trading.