I quit for 6 months trading stocks, till SEC crap ruined it I quit end of March, but they offered me more money, expected to just be on a support role ie hour here or there, but been full time, so i trade while i work
uh ? If a guy pretends to be a Professional trader and has less than 20k at risk he's probably taking the piss. Compounding slows at 20k ? Yeah, I used to be a rich profitable trader- until I reached the 20k mark Lol
Essentially, yes. options are/can be volatile instruments. -- i don't want to sound like a crazy foolish gambler though, because i'm not. i know what i'm doing like a hawk, or i like to think so.
Depends on what your trading or the leverage amount, that was likely based on 200:1 leverage, that would of been enough in the account to trade at $100 per pip/pt in Forex and Index's via a spot account. using 50:1 these days, so I guess I can max out @80K around. I cover 25% of my monthly income, part time, with a 6K account! Must give up the business soon!
Volatility cuts both ways though. If you use your proceeds also for living, a trade like that going against you will affect your life (and health) adversely. 2 days like that in a row will end your trading career for the foreseeable future. I can't understand in what world that's reasonable but different folks for different folks, I suppose - the funds in your trading account might only form a very small part of your overall assets, in which case I understand.
Too be fair, he might be good, he might of found tight entry intraday, sl say 10 and let the trade run for 100, i have had trades like that, risk 3% and make 30%, if you can crack that on a regular basis then you can retire to your own beach!
"But I wouldn't recommend anyone do what I'm doing." Unless of course they are also trying to lose all their money just like you're going to. Then by all means, lock and load bitches. 50% profit per trade, TO THE MOOOOOON !!!!!!!!!!!!! F'in Elite Trader, gotta love it