In your situation if I had 10m liquid net worth but only wanted to make $200K trading, I you would put 4% of that 10million (400K) into a futures account and look to make 50% on it. You wouldn't even need 400K in there, you could get by with just enough to cover margin plus a buffer on top, and then top up as needed. The other 9.6 million i would invest in other liquid instruments.
So you could make 50% a year in your futures account? Then why do you need 400K? Why not 10K? Why not make 5 million on your 10M account?
I don't consider myself a trader but more an investor. The trading I do is on a slower time scale and for longer time horizons. As I use my trading profits to pay my daily living cost expenses (supplement retirement income) I consider risk management more important than maximizing profits. As long as the annual profits are somewhat exceeding the annual living expenses I'm satisfied.
Don't mean to pour cold water on anyone but why is it that everyone here thinks they are PROFITABLE in the first place? Forget making 50% per annum (or even 5%, for that matter). From what I've read thus far, over 90% of the traders don't make any money, that is, they LOSE money.
If there is a connection between staying healthy and trading, you should stop trading. It would also confirm that you are losing money what might affect your health. I don't see why trading would affect your trading. So your remark makes no sense. Sounds like an excuse to protect your ego against feeling to be a loser. Schizophrenic? I don't care of 90% losing money, I only care about my trading.
There shouldn't be any thinking involved. Either you have more money than you started with or you don't. Mind you there are a few who are planning to be profitable.
It is just very difficult to make $10M, full stop. If you can do it in trading, you're probably more likely to do it in something else than an average person because the that kind of talent tends to be at least partially transferrable. Personally I like the idea of getting into venture capital if I had 10s of millions to work with. Even if it doesn't make as much trading, I think it would be more interesting and more useful to society.
%% Good points; + i noticed this pattern,,2.. YOUR post$ are much better than you nickname\LOL Good low goal on annual profits/quarterly helps also. Gardens or farms help. I retire daily, but do slow starts, better gas mileage+ tire wear I like to trade + invest/more millionaire investors than traders. Certain exceptions apply; thanks.