Hello @zghorner While we on the topic of algos, look into Ivan Scherman, his algos together returned 491% for the year 2023. The man turned $243,000 into $1,187,368 last year. You can invest in his algos as well with startup capital of about $200,000 and hope to make a million with him again in 2024. He is accepting clients right now.
That’s not rich, but a nice lifestyle. You should aim higher, 10mm (inflation baby) minimum. I know lots of people 4-5 mm, they all started new business after achieving but there’s nothing wrong with uppering your lifestyle with less(my aim)
Hello Zwaen, You are actually right! Good point. For me to stop working full time job, I need about $5 million to $10 million cash.
Hello zghorner, I am sorry man. I think you should put your $90k in savings account for hard times man and just focus on find a job/career for right now. You may need the $90K for bills and expenses. Find a job/career, come back to trading later on man. Because trading is not guaranteed, it is something you do on the side with your career job. Regular job and contribute to 401K, and have some peace in the life. I am not full time trader, I always looked at ES trading as side hustle to get rich with my career job.
I simply love ET, the level of bullshit..... I don't know what it is...... but it sure is entertaining.