Many new traders feel making huge sustained income is quite impossible after suffering some losses. But then it is possible, just choose one currency pair; focus on a trading system and dedicate much time to learning and making the strategy better.
After commissions, fading the bid/ask spread, and facing an informational disadvantage, a retail trader sitting at home has almost no chance daytrading options.
500k is 5% on a 10mil account, not even a return to boast about. Those guys might not be living in a basement but there are definitely numerous individuals with that kind of money and significantly more in the markets.
Those of us that make money trading, do it under the radar. I've personally never chased he 7,8, and 9 figure pay days. My goal was always to make enough to never to back to a 9-5. I've always had a goal of $10-$15k a month trading, $7-8k real estate income, $3k per month dividend income, and $2k per month in part time business. Been trading for years, and can definitely make more than $10-$15k per month nowadays, but less stress means more to me than chasing millions. Time is money. Making more money doesn't make you happy, but it does solve the time and money equation.
Interesting. f your post is correct. No need to stress out. I have a position to fill, that you surely qualify for, that will be lucrative enough and without stress.
Interesting. f your post is correct. No need to stress out. I have a position to fill, that you surely qualify for, that will be lucrative enough and without stress.