To make a living you need at least 300k in your account?

Discussion in 'Professional Trading' started by crgarcia, Oct 21, 2008.

  1. MGJ

    MGJ

    Rather than $300K, why not put $3 million in an account and use the money to buy tax-free municipal bonds (0-3 years time to maturity) paying 3.25% interest? $100K per year income, tax free, very low risk, and zero stress. Not an awful predicament.
     
    #41     Oct 22, 2008
  2. ....and all while losing pace with REAL inflation! :eek:
     
    #42     Oct 22, 2008
  3. PJT

    PJT

    I started the year with $68,500 in the account.

    Now around $191,000.
     
    #43     Oct 22, 2008
  4. i started with $250 in a forex.com account and now have $37k
     
    #44     Oct 22, 2008
  5. Now there are a set of broker statements I'd like to see. What a success story. Bravo!
     
    #45     Oct 22, 2008
  6. SIZE DOESN'T MATTER IN THE TRADING BUSINESS........
    IT IS HOW SMART ARE YOU ..ONLY BRAINS MATTER
    I KNOW SOMEBODY THAT START WITH 400K AND NOW IS DOWN
    ALMOST 50%
     
    #46     Oct 22, 2008
  7. Size does matter if you have to live off your earnings. A perfectly fine trade which is taking too long (I don't mean going in the wrong direction just flat or going in the right direction slowly and with less amplitude) could be closed out because there is no time.

    If corn could move $10 I would be in 7 figures in 5 trades tops.
     
    #47     Oct 22, 2008
  8. Since you can make 200% in your imagination, give it 3 months and you will have your billion.
     
    #48     Oct 22, 2008
  9. If corn could move $10 I would be in 9 figures in 5 trades tops.

    I started the year with $2000. I now have $4.2 MM
     
    #49     Oct 22, 2008
  10. dudes...if you have a real valid strategy...a $1,000.00 account can take you where you want to go...again...it is the strategy not the amount in your account you trade with
     
    #50     Oct 22, 2008