gary, I really enjoy trading with a small nut to cover. Unfortunately most of the "nut to cover" is not your business expenses related to trading, but normal life expenses i.e., rent or mortgage, property taxes, health insurance, auto payments, auto insurance, telephone bill, utilities bills, grocery shopping, meals out, clothing, education, gifts, emergencies, etc. Compared to those your business expenses for, say, a broadband connection, level 2 data feed, and good order-entry software amounts to peanuts. If you're focusing on the latter thinking it's the whole universe then you're focusing on the wrong thing. And shortchanging yourself (if you're trading for a living which I seriously doubt you are) so that you can keep your monthly business expenses down to $20 or thereabouts, just so you can claim you're the lowest, is downright silly. Something about Penny Wise, Pound Foolish comes to mind.
Hitman is right. Another way to look at it: Even at a $1000/months in fixed expenses, that's only $50 per day. If you can't clear $50 you're probably not profitable enough to live off of it. Personally, I have never understood why anyone would go cheap on computers, quote feeds, software an so on. Late quotes, software crashes or similar can easily cost you many times what you think you're saving.
can we please kill this thread???? there is no point to it. it sounds like a bunch of kids arguing about how much their daddy makes. enough please.
Thanks for all views shared. 2 yrs ago i would have been on your side of the fence. Good trading to all.
vinigar: âthats abiet,abeit,abeit,abeit thats all folks.â Damn, ya nailed it! Thatâs a much better Porky impression than mine. Iâm jealous.
where are the moderators when you need them ? hehe ! just kidding.. maybe you want to continue this nonsense.
could you imagine going into a new doctors office for a checkup.. (YOU) - "Hey Doctor, im here for my appointment.. ~looking around~ this is just an empty, rundown shack!?.." (Doctor) - "Yeah.. I really keep my expenses down.. no rent, no lights, no insurance.. ..go ahead and take off your shirt so i can listen to that heart of yours.." (YOU) - "Doc!??.. why are you putting your ear to my chest!?.. dont you have a stethoscope?" (Doctor) - "ME!? heck no.. do you know how much those things cost!! why, SOMEBODY gets rich when i buy a stethoscope.. i used to have all of those things, but ive found that i can get by without them just fine.. sure, i lose customers, but i have a small nutt.. so, i dont need much money.." (YOU) - "..if you say so.." (Doctor) - "ok now.. open your mouth and go "ahhh".. ~Doctor turns to woman sitting on the floor in the corner~ "Honey, go next door and see if we can borrow that tongue depressor again, ok?" =) -qwik
ddefina, TraderRX's brother? Isn't it amazing how quickly a nasty personality shines through. No need to think brother.