Question about Buying Things as a day trader?

Discussion in 'Trading' started by Kastro_316, Jun 17, 2002.

  1. Hey guys.

    Ok i just have a odd question about how you guys buy things such as cars. Like say you start out with a normal 25k account and make 20k that year, now you have 45k and you keep adding and adding right, so when do you guys buy things, do you wait tilll you save up a crap load so you dont have to start from square 1 again??????

    Thanx
     
  2. Lately I have been taking out half of my profits each month. It seems like a good compromise between growing my account and removing some equity from market risk. I think I will keep doing this as long as I can get by on half of my profits. Come tax time, I may have to make a larger withdrawal - we will see. I think it is prudent to remove some profits on a regular basis even though this slows the growth of your trading account.