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2rosy

Registered: May 2012
Posts: 335

10-09-12 01:00 PM

those are useless percentages. If you pull out less than 200k/yr for yourself that you can put in a savings account there are better careers

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007Arb

Registered: Feb 2004
Posts: 140

10-11-12 02:46 AM

Unless I am missing something your percentage return chart is useless without knowing the capital at risk. To state the obvious, with a smaller account, percentage return is much more relevant than with a larger account. That's because if you can compound your capital at a heady percentage return when it's small, you will eventually reach the point in your career where you can generate six figure dollar returns but with only single digit percentage returns. At that level, your money works for you instead of you working for your money.

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007Arb

Registered: Feb 2004
Posts: 140

10-11-12 02:50 AM

Quote from 2rosy:

those are useless percentages. If you pull out less than 200k/yr for yourself that you can put in a savings account there are better careers

Yeah right. Below are some stats from the latest census. I would say a home-based trader making between 100K and 200K annually is nothing to sneeze at, especially if you are single. Even more so if you are financially prudent enough to be debt free.

>>>>According to the U.S. Census Bureau, only 6.03 percent of individuals over 18 and only 19.9 percent of households had incomes of $100,000 or more in 2010. In fact, the median annual household income for 2010 was $50,046, just more than half of the six-figure benchmark.<<<<<

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chipmunk

Registered: Aug 2008
Posts: 846

10-11-12 12:46 PM

^^ I love the simplicity of it all ^^

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I have been traded stocks and as of last week, I had a cumulative return of 140%.

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140% in one week?

It's not the % gians..it's the % losses that interest me!

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chipmunk

Registered: Aug 2008
Posts: 846

10-11-12 12:48 PM

Nah that's B*S*. Why so much? How many "jobs" pay $200k+ Get real.
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Yeah right. Below are some stats from the latest census. I would say a home-based trader making between 100K and 200K annually is nothing to sneeze at, especially if you are single. Even more so if you are financially prudent enough to be debt free.

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newwurldmn

Registered: Apr 2011
Posts: 2612

10-11-12 12:58 PM

it depends on your expenses and if you are able to increase the distance between your current liquidity and your need to dip into your trading capital.

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