is it a joke that I want to trade full time to make a living with only $30,000?

Discussion in 'Professional Trading' started by stockcik, Jan 11, 2014.

  1. Your question has been answered.
     
    #31     Jan 12, 2014
  2. Bob111

    Bob111

    I forgot last and most important one - exploited market inefficiencies.
     
    #32     Jan 12, 2014
  3. d08

    d08

    +1. If you give someone a CLEARLY defined strategy, they will trade it as is and destroy the edge. In Austinp's example traders apparently would trade different timeframes but why would they - everybody would move to the most profitable timeframe and trade it. Of course if you simply give out very basic guidelines for entry and exit, it won't affect it much - then again that's not a defined edge.
     
    #33     Jan 12, 2014
  4. Bob111

    Bob111

    absolutely. forget about revealing things like inefficiencies in certain markets. even a hint in general direction is enough.
    here is a fine example-pair trading in stocks. or pick any book with published setups ,code it and run across variety of stocks or markets over long enough period of time. have good time! :)
     
    #34     Jan 12, 2014
  5. Lescor started with 40k and a enough money on the side to live for a year.

    I would say 30k is more than enough if you have money to live off of for at least a year.
     
    #35     Jan 12, 2014
  6. If it does not then your system has no edge to begin with, simple as that.

    Absolutely.

    Some financial instruments (like the Forex or the Interest rates market) do respond to trend-following techniques, while others (like the equity indexes for example) are strictly mean-reverting.
     
    #36     Jan 15, 2014
  7. "Is it a joke that I want to trade full time to make a living with only $30,000?"

    Yes, pretty much.

    Not necessarily an issue with the money, but the fact that you're asking complete strangers on a forum tells me you don't know what you're doing. If you knew, you wouldn't have to ask.

    Try making some money on the side first. Earn your right to be a full-time trader by proving that you actually can earn and then you won't have to ask people here. At least not these type of questions.

    Good luck!
     
    #37     Jan 16, 2014
  8. Equity indexes (ES) are trend-following too. At least to me. I trade Forex and ES with the same mathematical models and they give statistically more or less the same results. ES is more trend-following than Forex for me.
     
    #38     Jan 16, 2014
  9. Totally agree. it's never about the amount of your capital. It is your attitude at the beginning that determines success or failure.
     
    #39     Jan 16, 2014
  10. Your going to get killed out there in the markets
     
    #40     Aug 10, 2015