I wonder if we are talking about the same thing here. When I hear "You Only Need $5000 to Make a Living", I take that to mean that any time your account is significantly over $5000 you withdraw the difference. That's not the same thing as starting with $5000 and building it up to a point where you can then make a living. Also, if you have other savings or income which you can use to replenish your account in the event of a drawdown, that's not the same as making a living off only $5000 either.
so in your opinions what do you need to mkae a living? 10, 20 contracts? Ah.....why not buy this software and just sit on the beach?....something wrong here? Sounds too darned easy. " Our new Auto Trading Software is rocking and rolling! We put another live video up with the Auto Trader Software trading the 30 year bonds. Check it out: Our software support supervisor has tweaked the settings and came up with an awesome Auto Trading Strategy that has made money 40 days straight in a row! Email me directly if you would like a copy of the Strategy Performance Report:"
Actually at times where I'm struggling I tend to pull back the reigns. Sometimes I'll set my max position size to $200 shares just to regain my confidence. You could easily make $500/day flipping 200 lots, which actually comes out to a pretty damn good living.
hi, so you day trade equites? ^^^ Longer term trends or scalping? One stock or one pattern on many stocks? Thank you
Just to put you in the picture I have an $80,000 account and want to make some money each month from it. I was a good longer term investor but that market isn't there right now. So rather than sit in cash I want to (not saying I will or can) make about 5% per month on my equity day trading. Possible or dream? I have been paper trading for 3 months...some success. Some failure. I tried scalping and lsot about $500 in one week. Not quite what I had in mind. Thank you