$5000 per month trading profits

Discussion in 'Trading' started by theShadow, Dec 11, 2002.

  1. The only reason I can think of as to why the original poster complained about making only 5k/month is that he is living a lifestyle in which his expenses cost at/near/or in excess of 5k/month....otherwise there would/should be no reason to complain about making money.

    If you make 10million a month but live a 12million a month lifestyle, then you will go broke.

    If you make more money and more money and increase in profitability as a trader BUT at the same time increase your expenses/liabilities, then you have not gone anywhere. You will still be in debt and/or have huge expenses.

    Making large sums of money is not the answer to financial freedom...keeping it is.
     
    #31     Dec 14, 2002
  2. fatman

    fatman

    Good God! My rent alone is $1000. What part of the country do you live in? Or do you still live at home with mom, like many of the traders I know?
     
    #32     Dec 14, 2002
  3. Carlos11

    Carlos11

    Well said Dan!
     
    #33     Dec 14, 2002

  4. Tell you what, at $1000 a month, after 10 years and some compounding , you've saved over $160k.

    Hey mom, what's for dinner!
     
    #34     Dec 14, 2002
  5. Florida. I own. Property tax is around $5k per year and I don't eat too much.
     
    #35     Dec 14, 2002
  6. I've only banged three chicks this month. This is a bit of a dry period for me and I have no idea why. Perhaps it is just the dating market -- supply and demand? Who knows ....
     
    #36     Dec 14, 2002
  7. Yeah but the old broad at the carryout you visit once a month doesn't count.

    :D
     
    #37     Dec 14, 2002
  8. GD2KNO

    GD2KNO

    If you're trading a proven system with little drawdown and a margin of $780 on e-minis. Then at $2,000 or $2,500 per contract to be safe, and doing over 30 points a week, it takes no time to compound to almost any income you'd like.

    Pick a number! I feel comfortable with 8 lots. You do the math.

    Going shopping now:) :) :)

    Happy Holidays
     
    #38     Dec 14, 2002
  9. I'm sure you can relate, Mr. IN-AND-LONG. :cool:
     
    #39     Dec 14, 2002
  10. got something worthwhile?

    Post your sheets and your trades for 2 or 3 months.

    #'s talk BS walks
     
    #40     Dec 14, 2002