While ssss gave a very truncated reply, basically he hit the nail on the head. The larger operate under much tighter restrictions and have a much more difficult time moving their money in-and-out of the market than the retail trader. It would be more appropriate to compare the OP's account to theirs like comparing a whale to the smaller invertebrate that live on it and keep it clean. Completely different animals. Making 5K on a 25K account is quite doable in the futs markets, considering the limitations of stocks, I don't believe it is as doable ... but lets give the OP a chance to prove or disprove himself before we start passing judgment on him. IOW, just because you can't do something, does not mean it is not doable. Jimmy Jam
lovemygoat 5K/month over 20yrs.. Better buy Harward MBA for 100000$ ,after you have good chance for position with start payement 100k$ per year . That is more reasonable as trading .
The larger operate under much tighter restrictions and have a much more difficult time moving their money in-and-out of the market than the retail trader. Depend -how great operator is W.Buffet,Ican - or market-maker for specific stock /options ?What of strategy he have ,what of tactic ? Which of ? SPY ,XOM ,GE,IWM,MSFT ? or rfmd ,swks,imcl ,osip ,cvtx, medx ,brcd Market maker influenced stock and options price In some of case MM going flat to end of the day ,in some not Your respectfully
YOU CAN IF YOU THINK YOU CAN!!!!! Always remember that, and never give up. All you need to do is make $250.00 a day. Thats your goal no find out how to reach that goal. Dont listen to the negative nay sayers here. Trading is a business run it like one. The market has been very forgiving here lately, buying dips in a rising market is one of the safest trades. Be on guard though this rally over the last 9 months is very shaky and may crumble under your feet at any moment so use risk management always. Stay focused on your goal, take losses and smile no matter what. Keep a proper attitude and always think positive thoughts. Good Luck!
LOL, stop being such a naysayer jake. Jeez man, myminitrading just gave the guy some really excellent advice. Keep it positive, and you will be amazed at what you can accomplish. JJ
Good advice, man. Making $5k with $20k each month is definitely doable. If he's trying to make $200k each month from a $1,000k account, then I would say it's A LOT more challenging and risky, but 20% of $20k account is DEFINITELY possible.
MS and GS won't be scalping and daytrading retail accounts. There is no comparison. 5k on 20k is doable. That's how most successful traders start out. I doubt that most newbies start out making 20% on 20k a year = 4k annually or 333/month. Or I doubt that most newbies start out trading 500k accounts. It's extremely difficult and most will fail but to all the naysayers, it IS doable.
The Description of Taleb's new book "Black Swan" seems appropriate here: "Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we donât know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the âimpossible.â For years, Taleb has studied how we fool ourselves into thinking we know more than we actually do. We restrict our thinking to the irrelevant and inconsequential, while large events continue to surprise us and shape our world. Now, in this revelatory book, Taleb explains everything we know about what we donât know. He offers surprisingly simple tricks for dealing with black swans and benefiting from them."