To make a living you need at least 300k in your account?

Quote from bespoke:

i deposited 2K at a prop shop over a year ago. make on average more than that daily so that's a decent living, no?

so yes, you don't need a lot of money to start if you can go the prop route.

if i decide to leave, i'll get 2K deposit back, and go somewhere else and put down something similar. big money....

show any prop with a % payout structure that you can consistently make 500 a day and they'll throw money at you so you can make more
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I send you a PM...please reply
 
I moved from one prop firm to a different one and set up my account with only $15,000. I had about a year of full time trading under my belt, and had profitable strategies. I made over $200k off that 15 grand in the first year, and sustained my family and all my living expenses as well as paid taxes. Almost every dollar I've earned since (millions) has come from that $15,000. With prop leverage and some experience, in my opinion, you can live comfortably on a $25-50,000 account.

Quote from increasenow:

hey, can someone stand up and testify to really and truly taking a $1,000 or $2,000 or $5,000 account to $50k, $100k?...totally honest...
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Quote from saliva:

I personally know someone who used to make over $1,000 per day trading just 1 ES contract. As a matter of fact, I know him all too well.

Just how much do you need to make to be happy, let alone live comfortably? (ya pig!) :D
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500K in the account would allow me to sleep at night and not worry.


Saliva, long time no see!!!!!!


:D :D :D
 
Quote from lescor:

I moved from one prop firm to a different one and set up my account with only $15,000. I had about a year of full time trading under my belt, and had profitable strategies. I made over $200k off that 15 grand in the first year, and sustained my family and all my living expenses as well as paid taxes. Almost every dollar I've earned since (millions) has come from that $15,000. With prop leverage and some experience, in my opinion, you can live comfortably on a $25-50,000 account.
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lescor, what was the leverage on your 15K in your first year?
 
I don't think about leverage when I trade, at least not directly. I think about how much money I'm risking as a percentage of my account. I also consider how correlated multiple positions might be. It's safe to assume that at times I'd be highly leveraged, having 100's of thousands of dollars in play. But it's not the leverage ratio that's in use, but how you manage the risk, in dollar terms that matters. You can trade with a lot of leverage but not necessarily risk a lot of dollars.
 
Quote from lescor:

I don't think about leverage when I trade, at least not directly. I think about how much money I'm risking as a percentage of my account. I also consider how correlated multiple positions might be. It's safe to assume that at times I'd be highly leveraged, having 100's of thousands of dollars in play. But it's not the leverage ratio that's in use, but how you manage the risk, in dollar terms that matters. You can trade with a lot of leverage but not necessarily risk a lot of dollars.
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leverage is very relevant to this discussion because different prop firms offer different leverage to different people. 15K account can mean very different thing.

i think when talking about account size needed to make 100K/yr it is better to "convert" a prop account to an equivalent retail account with 4x leverage so that everyone could use the same yard stick.
 
Quote from bigb:

I truly and honestly once took a $3300 into $44,500 in twelve days before blowing up on the 13th all by trading retarded
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I've taken $1K to over $20k 4 times. This is the 4th time and I'm up over $50k after taking a $10k DD this week on a stupid mistake (GBP/USD short straddle).

I will have this account over $100k by the end of November.
 
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