From $5000 to Trading for a Living. Is it possible to?

Discussion in 'Journals' started by MarkWin, Feb 3, 2018.

  1. jl1575

    jl1575

    https://www.elitetrader.com/et/threads/my-trades.315067/

    So this guy traded from $2000 to more than $100,000 in about 6 months, if you were as good as him, then $5000 should be $250,000 in half year, that should make you a comfortable living. But again, most of people would lose $5000 in a week, a month, or a year .
    Can $10000 be turned into one million in a year? Sure . it has been done and will be done again and again for sure.
     
    Last edited: Jul 11, 2018
    #41     Jul 11, 2018
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    #42     Jul 11, 2018
  3. legionx

    legionx

    It can be done, even lower in the futures market. How? Try to get trades that are 70$-120$ stops. Have a loss limit of $300/day. Know the difference between ranges and trends spatially and add a resource or resources to confirm. Know a few reversal patterns/signals and implement them in your system. Try this for about a year. Once you have trained your moto skills, thinking process and "what is real" on that specific TimeFrame, then move on to $500 Stop Loss Limit. This is if you are using one TF. GoodLuck :).
     
    #43     Jul 12, 2018
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