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Plan was withdraw back to 20K monthly, so base 20K account, but I do like the idea of having 4 - 5 months cash in my bank account to live off or put back into account if I screw up. ( not there yet, few months to go )
No borrow from my trading account to keep me going!
I need to make more than 1.000 US$ per day
for trading to be an alternative to my day job
i don't want to sell trading services
i don't want to createa new idicator
i'm interested to find out if i can make 1.000 US$, preferable 2.000Us$
while beging laser beam focused on day-trading
Why so much ?? if your on $260,000 per year then why are you trading at all ??
200+ * $20 = $4000 which is 80% there to your target, it was a WILD week except Wednesday though.
Your run into a wall, it'll be your brokers max lot size, how much you can handle fear wise before falling to peices or the amount of money that's available in the world
I am sick of being a prostitute
selling my brain and my knowledge to large corporations that do not respect me
Bottom line i'm an entrepreneur
i like to create, i am most efficient in small structures, 1-10 people, 20 max
i'm very open minded in business,
i like to think out of the box
the trading examples is just with 2 contracts
i have a 15.000$ dollar account
i can ramp it up if needed
the rest (i suppose) is arithmetic and multiplication
=+1.000US$/day is my current life style
i don't thing trading is invalid, if you are making money already ???!!!???
where is the logic ?
unless you can prove that i will never get into that equivalent
then i'll better quite today
for me trading is a business
i have been trading since i was 16 (the director of the bank branch needed to authorize my trades
at that time, because it was not 'usual', not sure if it was illegal)
wrote my! first trading software at 17-18
worked at a broker
and at a major bank
have been there, have seen it
i want to trade and make money
generating ideally on average a daily profit of 2.000 US$ per day
what i can make in selling consultancy, i know, and i 'm confident
what i can make in trading is ups and downs, the potential i don"t know, that is the 1M$ question
i went into trading full-speed
while all literature says : "prove yourself you are profitable, and then trade real money'
i thought myself smarter, doing real money immediately,
unlikely to other traders i did not blow up my account
my buddy did, but he didn't tell me (i noticed, i have access to his account, very sad !)
so i went back to the sim
i read a lot and studied a lot
i took many advice from knowledgeable people:
@Big Mike : don't change your settings all the time, one change every 2 weeks
@bobwest : for advising me on certain issues, like posting , in order to boast my confidence
@masood : for showing every day trades and explaining why
@JDNeeman : for sharing a great method
@fattails : for great indicators and his patience
@TheWizard : for great indicators and showing setups
sorry i forget to give credit to certain people
when i will be a consistent profitable trader, i will try to be transparent and instructive to others
trying to master and teach trading
i will give back to the community
my goal for my income are MY trades on MY accounts
my plan is not tools and not teaching
then i better stick to the shit i know already
being payment systems,
and i'm good at it ! trust me
You blow it ONCE per week, scratch 0 2 days and have 2 winning days. If you want to make 1k/day on average your winning days would have to be (-1000+0+0+2xa=5x1000) 3000 / day.
On the other hand let's assume you would make 4-600 every day and no losing days. How difficult would it be to leverage yourself up to 1:2 or even 1:10 .... (not much).