Do you trade for an income or for a compound effect?

Discussion in 'Trading' started by danielc1, Dec 30, 2020.

  1. benten

    benten

    Yeah, right buddy!
    There is no harm in taking a break from forex trading and focusing on other things to release trade related stress.
     
    #51     Jun 1, 2021
  2. What do you do to release your trading stress?
     
    #52     Jun 2, 2021
  3. Dr_Trade

    Dr_Trade

    To release stress, I prefer listening to calm music.
     
    #53     Jun 2, 2021
    benten likes this.
  4. benten

    benten

    I meditate and do yoga daily and apart from this, I spend time with my loved ones.
     
    #54     Jun 4, 2021
    fxforlife likes this.
  5. T
    That's pretty nice mate! Thanks for replying.:thumbsup:
     
    #55     Jun 5, 2021
  6. Bankroll withdrawal management is a very important aspect for traders because %return or maxDD do not mean much if you do not bring home the $$.
    Compounding all your profits is too idealistic for trading.
    Question is what is the optimal withdrawal% of profits should be done when account balance increases by what% ?
    Is there an online calculator or App that lets you input that two variables% with initial capital input, and then displays final amount after X no. of withdrawals?
    None of the online compound calculators have withdrawal% Maybe a spreadsheet?
     
    Last edited: Jun 12, 2021
    #56     Jun 12, 2021
  7. Blaze

    Blaze

    I trade for a compounding effect and I add more money to the trading accounts to accelerate the process. I have other businesses that pay the bills. However, my strategy has a capacity constraint and I believe at some point (years from now) I will have to withdraw money more frequently to avoid exceeding the strategy's capacity ie encountering liquidity problems.
     
    #57     Jun 12, 2021
  8. traider

    traider

    Once your edge is repeatable, only withdraw for bare necessities. Everything goes into compounding for greatest growth
     
    #58     Jun 13, 2021
  9. Someone suggested to withdraw ytd absolute maxDD amount every quarter regardless of profitable quarter or not.
     
    #59     Jun 13, 2021
  10. #60     Jun 13, 2021