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

C

crgarcia

Preferably 500k.

Be aware that 10% of 300k is a measly 30k/year, almost a cab driver salary.

Most active traders lose.
Few get a consistent 20%/year.
 
you can find acrary's old post where he states that an average daytrader with under 200K account should be able to pull 200%/year.
 
Quote from shortie:

you can find acrary's old post where he states that an average daytrader with under 200K account should be able to pull 200%/year.
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I can get 200% in a few days.
 
I guess it depends if you have money to support yourself (and familly!) on the side. Also, you start from scratch or you already know how to trade.
 
Quote from IShopAtPublix:

I am not a daytrader at all. I am a position trader.
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i always thought that position traders don't make as much ROI as daytraders. your 200% in a few days, how sustainable is it? could it be +200% this week and -195% the next week?

my guess is that for a position trader 50%/year would be a good benchmark. just like 200%/year is for a day trader.
 
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