Just wondering how many ASF members would be full time traders and not have to get up and "go to work" and made enough money a year, to live off and traded as a business.
Regards CATAPILLAR
how long have you been trading MS+ Tradesim
When I grow up I want to be like you
PS what do you mostly trade etc cfd,index
Just wondering how many ASF members would be full time traders and not have to get up and "go to work" and made enough money a year, to live off and traded as a business.
Regards CATAPILLAR
I dont but would love too.. I dont yet have the capital and also decided that success in the last two years is not reflective of the 'real market' and that I can expect to be as lucky in the future.. Unfortunately I have a job - my own business but dont get any work done cause I spend all day looking at the computer screen and asx I think it is an obsession ...!
No one has mentioned the basic importance of one's capital base.
If there's enough there, simply sitting on good blue chip stocks which provide steady growth and pay good dividends with 100% franking provides a good living minus all the stress and time spent clinging to a computer.
I think that Julia was highlighting the importance of the capital base. It is easier to be a "part-time" trader the more capital the trader has. 20% of $5 million is more than enough to live on, but 20% of $100,000 doesn't work!Traders trade fulltime not just because they need the money but because there is a market to trade. You may be able to make easier money riding a bull market or collecting Divs but some choose to be traders and have no interested in a good living minus all the stress
I would suggest that many full time traders should have the ambition to be a part time trader - then they can also have a life outside of tradingWe shouldn't trade just because there is a market, we should trade because we know we can make money in the market.
I think that Julia was highlighting the importance of the capital base. It is easier to be a "part-time" trader the more capital the trader has. 20% of $5 million is more than enough to live on, but 20% of $100,000 doesn't work!
There is a grey area between trader and investor. I have trades that have been running for over a year, but I follow very strict trading rules that tell me when to get in/out and how much to buy.
I would suggest that many full time traders should have the ambition to be a part time trader - then they can also have a life outside of tradingWe shouldn't trade just because there is a market, we should trade because we know we can make money in the market.
stevo (somewhere in Marrakesh - riyad-al-moussika)
To me being in front of the PC 6 hours a day is not an ideal way of trading, and is not my goal. Mind you if I could make $10k a week then I would do it. Everybody has their price.
But the most beautiful type of trading is like Stevo's where you can still spend time on your other businesses and you actually only spend 1-2hours a week on your trading.
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