Full time trading does it really pay

This is a discussion on Full time trading does it really pay within the General Trading Chat forums, part of the Reception category; Originally Posted by brettus It's decent, but in reality you won't make £100 a day(not you). Some days you will, ...

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Old Jan 15, 2011, 10:15pm   #41
Joined Jan 2011
Re: Full time trading does it really pay

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Originally Posted by brettus View Post
It's decent, but in reality you won't make £100 a day(not you). Some days you will, but not everyday. Just realistically it's not possible for 99% of traders. You can't always be right. Also the psychological pressure, due to the fact that you have to make money. In theory it sounds easy.
Don't forget drawdown periods, the desirability of growing your account, on and on.

In theory it is perfectly possible - risk 2.5% per trade (£500), average just 2R per week (£1000), £50,000 per annum. Easy!

In practice however, £20,000 is woefully under capitalised.

However, since Black Swan is concerned with theory rather practice, and doesn't actually trade for a living, you have to excuse him not understanding the difference.

That said bud, IMO it's not fookin rocket science is it mate ffs. Tbh I cba to explain it, but even BS with his practice breadcrumb account should have got it by now ENDEX. Bless...

I might chuck around some cliches and trading jargon so it sounds like I know what I'm talking about.

Last edited by Pazienza; Jan 15, 2011 at 10:25pm.
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Old Jan 15, 2011, 10:35pm   #42
Joined Mar 2010
Re: Full time trading does it really pay

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I might chuck around some cliches and trading jargon so it sounds like I know what I'm talking about.
Hahaha! Aint it true!

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Originally Posted by Pazienza View Post
Don't forget drawdown periods, the desirability of growing your account, on and on.

In theory it is perfectly possible - risk 2.5% per trade (£500), average just 2R per week (£1000), £50,000 per annum. Easy!

In practice however, £20,000 is woefully under capitalised.

However, since Black Swan is concerned with theory rather practice, and doesn't actually trade for a living, you have to excuse him not understanding the difference.
In theory i should be a millionaire. Now i feel like a retard for that not being the case...Might aswell give up.
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Old Jan 15, 2011, 10:45pm   #43
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Re: Full time trading does it really pay

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Hahaha! Aint it true!



In theory i should be a millionaire. Now i feel like a retard for that not being the case...Might aswell give up.
If you were a tard yesterday, then today you can be a retard.
I've been re-tarded for years.

Peter
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Old Jan 15, 2011, 10:48pm   #44
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Re: Full time trading does it really pay

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If you were a tard yesterday, then today you can be a retard.
I've been re-tarded for years.

Peter
You just made me even more retarded for not understanding that.
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Old Jan 15, 2011, 10:51pm   #45
Joined Sep 2008
Re: Full time trading does it really pay

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You just made me even more retarded for not understanding that.
I guess it's a good thing that I'm not a stand up comedian

Peter
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Old Jan 15, 2011, 11:11pm   #46
Joined Jan 2009
Re: Full time trading does it really pay

Doug Billings: Either way, you gotta be super smart to count cards, buddy, okay?
Alan Garner: Oh, really?
Doug Billings: It's not easy.
Alan Garner: Okay, well, maybe we should tell that to Rain Man, because he practically bankrupt a casino, and he was a retard.
Stu Price: What?
Alan Garner: He was a retard.
Doug Billings: [pronounces properly] *RE*tard.
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Thanks! The following members like this post: wackypete2 , cristiano
Old Jan 15, 2011, 11:12pm   #47
 
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Re: Full time trading does it really pay

You main problem is that you sell when you "think" it will go down, the rigth question must be what makes you think it will go down when it goes up and viceversa, maybe you are not using the rigth indicators or maybe you are not interpretting your indicators information at the rigth way.
By the other hand, these is a market, some will win, some will lose.
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Old Jan 15, 2011, 11:16pm   #48
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Re: Full time trading does it really pay

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You main problem is that you sell when you "think" it will go down, the rigth question must be what makes you think it will go down when it goes up and viceversa, maybe you are not using the rigth indicators or maybe you are not interpretting your indicators information at the rigth way.
By the other hand, these is a market, some will win, some will lose.
Thanks. so sell when up, buy when down. £100 a day here i come! I only feel socially inept now!
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