Ok, continuing the current theme...
Take the following 2 scenarios, which camp would you prefer to be in?
A) Trading for a living
- using lots of leverage
- hopefully making 100% per year
- drawdowns up to 60%
- withdraw funds when needed to live on
B) Have a decent day job, trade a few hours a week
- use modest leverage
- hopefully making 25% per year
- drawdowns up to 15%
- compound funds with a aim of building up a nice pension pot over 10+ years
Which camp do you prefer? Plan A definitely looks rather stressful compared to B, but the rewards of A might be worth it, but are the risks worth it too?
I hope to aim for plan B myself.
Take the following 2 scenarios, which camp would you prefer to be in?
A) Trading for a living
- using lots of leverage
- hopefully making 100% per year
- drawdowns up to 60%
- withdraw funds when needed to live on
B) Have a decent day job, trade a few hours a week
- use modest leverage
- hopefully making 25% per year
- drawdowns up to 15%
- compound funds with a aim of building up a nice pension pot over 10+ years
Which camp do you prefer? Plan A definitely looks rather stressful compared to B, but the rewards of A might be worth it, but are the risks worth it too?
I hope to aim for plan B myself.