Did you REALLY plan that things would be like that 10 years ago?
When is the right time to quit your job and trade full time?
- Thread starter jinxu
- Start date
Did you REALLY plan that things would be like that 10 years ago?
I quit for 6 months trading stocks, till SEC crap ruined it
I quit end of March, but they offered me more money, expected to just be on a support role ie hour here or there, but been full time, so i trade while i work
lol -- I have That in just One trade, entire account-wise
If you have a formula that's more reward than risk...then just work it -- the numbers and probability will just take care of themselves.
It's important you extend/leverage the reward, but cap and watch the risk...so it's a 4:1 or 3:1 or 2:1 ratio.
Big, liquid market...and just a combination of trend following, common sense, intuition, and luck.
But I wouldn't recommend anyone do what I'm doing.
You risked 100% or more of your equity and returned 25% in that one DAYtrade?
uh ? If a guy pretends to be a Professional trader and has less than 20k at risk he's probably taking the piss.
Compounding slows at 20k ?
Yeah, I used to be a rich profitable trader- until I reached the 20k mark
Lol
Depends on what your trading or the leverage amount, that was likely based on 200:1 leverage, that would of been enough in the account to trade at $100 per pip/pt in Forex and Index's via a spot account.
using 50:1 these days, so I guess I can max out @80K around.
I cover 25% of my monthly income, part time, with a 6K account!
Must give up the business soon!
Volatility cuts both ways though. If you use your proceeds also for living, a trade like that going against you will affect your life (and health) adversely. 2 days like that in a row will end your trading career for the foreseeable future. I can't understand in what world that's reasonable but different folks for different folks, I suppose - the funds in your trading account might only form a very small part of your overall assets, in which case I understand.