Ok so you made profits. Now ... How much do you withdraw ? Percentage wise ? 5, 10, 20 50% ? On what basis ? Daily, Weekly, Monthly ? Thinking about 20% weekly. As I’d still need to grow the bankroll. I understand that we may not be profitable on each and every schedule. There is no optimal way to do it. But there may be ways to avoid withdrawing ?
Ahaha Good one buddy. I understand your point, But I am not a monk and even them do need $$$ Maybe “just withdraw what you need” then And cut your expenses bla bla bla I know this stuff don’t worry. Live below your means. Buy assets not liabilities. Kidding: My S65 AMG isn’t a liability. It get me girls, fame and jealousy. LMAO ... value is in the eye of the beholder. 50% depreciation the first years ? Who cares ! I make twice it’s price per minute... We can’t help poverty anyway.
I take out every bit of profit I make for the month (futures), and always leave my account where it started for the month. But I've been at this for over a decade, and am not looking to grow my bankroll. If growing your bankroll is your goal, take a grand out every now and again and enjoy yourself just dont make a habit out of it.
Once you make profit the confidence boost high and you are very much interested to trade the next one. The profit made is either used for next trade transaction with can incur any profit or loss depending on the pair of currency trade or withdraw it for your personal financial need which may be pre-decided.
Gee thanks captain obvious. You just told him that he has the option to withdrawl his profits or keep the money in the account. Like he didn't know his options. And you didn't even answer the question. I know English isn't your first language, but man oh man. Is the average IQ on this site slowly dropping or is it just me?
My suggestion is that you take out the bare minimum needed for expenses and compound if your trade allows it. The way I do it is I have $X available for expenses outside and when that dwindles down, I replenish.
Take out what you need, the rest let it compound but occasionally rebalance among different asset classes: Stocks,, Bonds/MM, Real Estates for example. Learned my lesson in 2000-03, took some out to buy a house, kept the rest in, compounded to almost nothing.