Saturday, 17 March 2012

Full time trader...

1. Every trader have dream of being a full time trader, where he/she does not have to do other things except trading.

2. I would like to put term full time trader as similar as reaching financial freedom, where you need to determine your lifestyle & minimal monthly cash required.

3. Let say you need $3,000 per month, it means you need total $36,000 per annum.

4. Since with "TREND FOLLOWING" trading you can expect between 50 - 150 % returns per annum ( However, always remember, market sometimes can give less and sometimes it can give more too)

5. You need at least $100,000 then on the next year your capital will grow to $150,000. Where you gain $50,000 from original amount of capital.

6. From $50,000 use only $36,000 and balance of $14,000 to be added back into trading capital.

7. With this approach, you are using your money for a living from last year gain to be used for the current year. While At the same time increasing your trading capital so that you can increase your trading size.

8. There's no such as daily or monthly withdrawal. I will share later why mentality of daily/monthly withdrawal is for losers.

9. "TREND FOLLOWING" trading is about focusing on current action & taste the fruit on the next year.

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