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Search: Posts Made By: sysot1t

Forum: Traders Hideout

February 20th, 2011, 10:41 PM

Replies: 31

Would you recommend trading to a friend?

Views: 14,702

Posted By sysot1t

now with the points addressed, an illustration...

now with the points addressed, an illustration based on my plan...

I live in CT... to live without worries, I would need $200-$300K a year...
I want to move to FL... to live without worries,...

Forum: Traders Hideout

February 20th, 2011, 10:20 PM

Replies: 31

Would you recommend trading to a friend?

Views: 14,702

Posted By sysot1t

the second ... is rather easy... stress level......

the second ... is rather easy... stress level... and the markets and regulations change...

stress level...

day in an out, the stress will get to you... lead you to make mistakes, that one has...

Forum: Traders Hideout

February 20th, 2011, 10:01 PM

Replies: 31

Would you recommend trading to a friend?

Views: 14,702

Posted By sysot1t

gladly... I will create two posts.. ...

gladly... I will create two posts..

$70K/year... = $5833/month....

it really comes down to where one lives, what one wants, one's family composition and one's age.. as to if $5K per month...

Forum: Traders Hideout

February 20th, 2011, 08:58 PM

Replies: 31

Would you recommend trading to a friend?

Views: 14,702

Posted By sysot1t

and my vote would be "YES" ... 100%... without...

and my vote would be "YES" ... 100%... without hesitation...

Forum: Traders Hideout

February 20th, 2011, 08:54 PM

Replies: 31

Would you recommend trading to a friend?

Views: 14,702

Posted By sysot1t

I agree, wealth is a personal intepretation......

I agree, wealth is a personal intepretation... IMO, I wont be wealthy unless I have at least $10MM cash on the bank. :)

I basically evaluated the person based on how long it took him to save the...

Forum: Traders Hideout

February 20th, 2011, 08:40 PM

Replies: 31

Would you recommend trading to a friend?

Views: 14,702

Posted By sysot1t

given the poll metrics, by the time he would have...

given the poll metrics, by the time he would have started to trade, his savings would have only increased by 8-16K.. assuming a 2 year learning curve while working at a job he hates and that he...

Forum: Traders Hideout

February 20th, 2011, 08:38 PM

Replies: 31

Would you recommend trading to a friend?

Views: 14,702

Posted By sysot1t

I have to agree, but I dont think 1 year of...

I have to agree, but I dont think 1 year of expenses is enough IMO... in addition to $25-$50K in at risk capital for trading... 12-18 months of expenses would be ideal, and $25-50K in emergency funds...

Forum: Traders Hideout

February 20th, 2011, 07:49 PM

Replies: 31

Would you recommend trading to a friend?

Views: 14,702

Posted By sysot1t

for starters, this would have been a concern for...

for starters, this would have been a concern for me... it took him 3 years, avg of $695 per month, to raise that cash... they were his only savings... he had not traded before... no fall back plan...

Showing results 1 to 8 of 8

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
Something else (discuss in thread)

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