How much do you aspire to make per year trading

Discussion in 'Psychology' started by Millionaire, May 30, 2022.

How much $$$ would you like per year from trading

  1. 0 - $50K

  2. $50K - $100K

  3. $100K - $250K

  4. $250K - $1M

  5. $1M - $2M

  6. $2M - $5M

  7. $5M - $10M

  8. $10M+

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  1. true dat...trading is like a drug for some...
     
    #31     May 30, 2022
  2. Millionaire

    Millionaire

    I like @SimpleMeLike take on this.

    $1 Million is going to solve every one of his life problems, with no convincing him otherwise.
     
    #32     May 30, 2022
  3. I'm pretty sure I've seen a dumber thread,
    just can't remember when.
     
    #33     May 30, 2022
    comagnum and taowave like this.
  4. maybe it was this?
     
    #34     May 30, 2022
  5. Overnight

    Overnight

    I picked 10 million because it is a silly poll, so it deserved a silly answer. A more proper question to ask is "How much do you EXPECT to make per year trading."
     
    #35     May 30, 2022
  6. 1% per week
    52% per year
     
    #36     May 30, 2022
  7. Millionaire

    Millionaire

    But that is not equal among traders as some have much smaller accounts than they would ideally like.

    The 'aspirational figure' should be based the ideal account size for each trader. What ever size they think is realistically ideal for them.

    In your own Journal you gave the impression that your account size was not as big as you would ideally like.
     
    Last edited: May 30, 2022
    #37     May 30, 2022
  8. Overnight

    Overnight

    This is true, based on how much I would ideally like to make. How about this question? "How much would you like your account size to be to meet your goals?"

    Then I would pick 10 mil as an honest answer. :)
     
    #38     May 30, 2022
  9. Millionaire

    Millionaire

    The 10M+ option is for people who want to reach for the stars. Trade as big as the market will let them.

    I used to think that way. When I started out i read about the trading greats, like Jesse Livermore and the traders interviewed in Market Wizards and how they made 100s of millions from trading.

    But these days the dream is to make $1M to $2M a year.

    And if i miss and only make $250K thats not bad either.

    I make $250K as a software engineer, so anything below that doesn't inspire me so much.

    But if I only made $25K a year in my day job, i would probably be thrilled to make $100K a year from trading.
     
    Last edited: May 30, 2022
    #39     May 30, 2022
  10. Overnight

    Overnight

    For me, the ideal goal is 200K per year. I would be comfortable reaching that goal with 10 million in the futures account.

    Of course, that 2% goal is silly with that much money in a way, because it could easily be reached by simply buying QQQ on any given year and exceeding 2%. But that is passive inventing. I am talking about engaged trading.
     
    #40     May 30, 2022
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