How much trading profit is enough to live on?

Discussion in 'Trading' started by jinxu, Feb 1, 2017.

  1. Turveyd

    Turveyd

    How dare you disagree with him lol

    Most people are whacky these days, explains Trumpy I guess.

    I got to get back on mission, 2 months ( end if tax year ) before I want to close company and 4months before I need $2000 per month.


    If the none believers and leave the people that are doing it alone to do it, that'd be great :)
     
    #91     Feb 4, 2017
  2. Turveyd

    Turveyd

    Nobody can afford to retire these days, trade until you drop imho its not like its hard to watch a screen for a few hours from time to time and tap it occasionally.
     
    #92     Feb 4, 2017
  3. algofy

    algofy

    Let's just let it go comag
     
    #93     Feb 4, 2017
  4. Turveyd

    Turveyd

    Nope your making up stuff to discredit, where did 7 digit come from, he's stated he's a small account trader so likely sub 20k like most.

    Because you can't do it, doesnt mean that no 1 else can, accept and move on.
     
    #94     Feb 4, 2017
  5. comagnum

    comagnum

    Great point - the best thing I have going for me is a Roth which I rolled a lump sum pension into. Never to late, you can always roll your 401k, or a portion of it into a Roth when you retire.
     
    #95     Feb 4, 2017
  6. Turveyd

    Turveyd

    P.s. Sometimes your the stupid person learn to accept that.
     
    #96     Feb 4, 2017
    Nereto likes this.
  7. comagnum

    comagnum

    Algofy & Turveyd - I probably believe more than most that a small account can be turned into a large one - I have done it twice myself although I did not use any leverage so as to maximize my chances of going the distance. My point was that the newbie traders planning on making huge returns are in for a rude awakening if they think they will be making 200+% is world famous performance - newbie traders have to pay their dues or be awfully lucky when suffering from loses and having a long learning curve is the norm not the exception.

    As far as my own trading I have been way up and way down from 95 -2003. Made every dumb mistake possible x10. Now on an even keel for 13 years now thanks to being a fanatic of risk mgmt. I wish everyone well - including newbies that are often lead on to believe trading derivatives is a walk in the park.
     
    Last edited: Feb 4, 2017
    #97     Feb 4, 2017
  8. algofy

    algofy

    To a certain extent I think we are all strangely on the same page. Let's just end this peacefully and move along.
     
    #98     Feb 4, 2017
  9. comagnum

    comagnum

    Were cool Algofy - stepping down from this debate. Life is to long to have anything but fun on a forum we spend our precious free time on.
     
    #99     Feb 4, 2017
    O(1) likes this.
  10. algofy

    algofy

    Agree...cheers
     
    #100     Feb 4, 2017