It is a relative simple math question. Your CONSISTENT profits after taxes and comissions and other costs should cover the expenses of your living. The hard part is to estimate "consistent profits" for a newbie. As a starter you can guess zero or a loss...
I am a private speculator, trading my own money. I guess it's full time. I do not have a job. Hard to think of it as full time when I might be walking the beach, fishing or taking a nap. Following trends can be soooo boring zzzz ooh look I caught a fish!
Well i had a friend of mine who starte trading remote with stock and equities ?He started with $30 K $10K in equities Prop Firm $10K in Futures account He make,s $4000 to $5000 a month he is happy as he is new Let say if he make,s $500 in futures and $500 in Equities His goal is $5K for right now and then Later it all depens on how things work out for him