I do not think anyone who has less than 1m in their account is a piker. that would clearly be the writings of a lunatic. I said you really need 100k account to have the best shot of making a living, even adding that 25k to 50k is possible but march harder.
If I am a piker because I trade single "lots" and have a relatively small account, then so be it. I'm making a living doing it. I do not mind the label, if that is the general Brit term for small traders. At least I am not a wanker. That would be totally rude. LOL!
Re: - RSI How does my post suggest that I use RSI? It was merely a suggestion within the context of the above post.
Guys, let's dial back the cross-arguments everyone is having with each other. And please keep it civil, for if you revert to childish name-calling you will find yourself blocked from posting on this thread. Thanks.
Do you really believe that one can make a living with $100k in the market? The typical elite trader making a living with $100k account "Leaving McDonalds"
I believe it. I am doing it with less. I WISH I had $100K in right now, I would be doing even better.
Do you have another source of income: parents, spouse, rentals. As a poor year trading will mean your living expenses will eat a big chunk of a sub 100K account and take you out the game. If you haven't had a poor/bad year trading yet, then you have been lucky.