Don't agree. The point was what the OP wrote: you cannot make a living from a 10K account. My answer was related to that statement. I speak about every month over and over again 200%, not just 1 month. Just to show how stupid this compounding argument is: Renaissance makes around 80% net a year. So after 20 years with only 100 million starting capital they should have $12.748.236.216.396,10 . They surely don't have this amount of money, not even 10% of it. And their starting cpital was much higher than a lousy 100 million. Even the 10 year compounded result of $35.704.672.266,24 is still far away from what they have in capital. So they fall in the same category is me? Trolling or plain stupid? Renaissance stopped already a long time ago to accept money and they already distributed lots of profits because they cannot handle the money anymore. They confirm that the compounding theory to make gazillions is total nonsense. Only newbies still watch that theory as they are so focussed on trying to become rich. Real professional traders don't focus on becoming the richest man on earth. They are interested in quality of life. But if you are not successful in trading you really need money, money, money to pay the bills and survive. Then you start compounding and dreaming about money.[/QUOTE] Sorry for the friendly fire on that 1 then! I'm sub 10k, I'm nearing 100% for the year, but my account balance is negative, due to bills and other issues, trading bails myself out to frequently, without would be screwed, so all good. I could easily live off a 10k account, withdraw back to 10k every month, the profit % mainly depends on how much time i put in, running at about 2% of my time devoted to trading. Need some bad day savings recovery put away aswell for those bad months of ofcourse. Maybe April, to renew contract or cut and run hmmmmm!
We are talking about trading for a living, not trading for the best one month performance here, who the fuck cares if you make 200% a month unless you can do it with some consistency? Do you only pay rent when you make money? Or do you live in your mom's basement so that isn't an issue for you? Lmfao. And you are wrong if you think you can afford to wipe out 20 times in a row just because you manage to make 200% in some months. Assuming you make 5k for 12 mths and then proceed to blow up 20 times in a row, you'd only have made a net 10k for those 12mths, I don't know where you live but 10k a year is neither a living nor decent wage in where I live. Also you aren't exactly trading with 2.5k if you are continually refilling your account when you blow (which is pretty often I suppose).
Still problems with reading plain english. I clearly said I make 200% net every month. If I make every month 200% it means that my average is even higher. To make 200% every month it means that the worst month is 200%. The word "every" means always. So where do you get the info that I live with my mom? If I would live with her I would be living on the graveyard. I also said that I could live from a $2500 account. But in reality my account is a lot bigger. I would be an idiot to trade only $2500 with the returns I make. So your statements about having no money to live is totally wrong in my situation. This statement was to counter the fact that according to you I would one day lose everything I have wit the leverage I use. I can never go broke. In the last 20 years I never wiped out my account even ONE time.
If this is true, u should try a prop shop ---[/QUOTE] Nah too much out goings wise, over complicate things, wouldn't be able to trade off phone, might not like my logic/method, don't really trust any of the buggers, time wasted looking into, bla bla bla bla. Moneys fine, can and do make $200 is 10mins, it's the time to trade and the focus I'm lacking currently, busy year, MIGHT calm down in Jan, or I might stupidly take another huge system dev on ( Meeting 10am 4th Jan for just that, I said yes to it 6months back, it vanished, it's came back )
Your contributions on ET are: Older men date younger women Right wing extremists… Russian babes are hot LA school board and police are joke (most things are apparently jokes for you) Mosques and Jihadi network ... Or in short: you are a real professional trader, it shows. You are not even a joke.