Rather than $300K, why not put $3 million in an account and use the money to buy tax-free municipal bonds (0-3 years time to maturity) paying 3.25% interest? $100K per year income, tax free, very low risk, and zero stress. Not an awful predicament.
SIZE DOESN'T MATTER IN THE TRADING BUSINESS........
IT IS HOW SMART ARE YOU ..ONLY BRAINS MATTER
I KNOW SOMEBODY THAT START WITH 400K AND NOW IS DOWN
ALMOST 50%
SIZE DOESN'T MATTER IN THE TRADING BUSINESS........
IT IS HOW SMART ARE YOU ..ONLY BRAINS MATTER
I KNOW SOMEBODY THAT START WITH 400K AND NOW IS DOWN
ALMOST 50%
Size does matter if you have to live off your earnings. A perfectly fine trade which is taking too long (I don't mean going in the wrong direction just flat or going in the right direction slowly and with less amplitude) could be closed out because there is no time.
If corn could move $10 I would be in 7 figures in 5 trades tops.
Now for individuals having hunrdeds of millions the natural trading vehicle is Forex because you can park 1 billion in EUR/USD. But I wish I had that problem.
dudes...if you have a real valid strategy...a $1,000.00 account can take you where you want to go...again...it is the strategy not the amount in your account you trade with