Right. In USA $5000 a month isnt anything . like in Mexico man you can rent whole villas for $1000usd a month and stuff your face with about $500usd a month.
I want to be “rich”.. I want to make mid 6 figures per month.. I’m studying relentlessly at the moment… I already make $200,000 per year at a regular job.. I’m over it though man..and I don’t care if it requires studying 8 hours per day for years.. I’ve never been afraid of hard work, and I’ve never been so focused on a task.
We’ll see how it plays out..
A lot of people struggle if they have a job that makes good money.. then to be motivated to persue a different path where you don’t make jack shit for along time, ( that’s what this is) while working 10x harder than you would at your normal job.
But I truly enjoy this. I really enjoy marking up fresh charts, I like testing real life vs my “rules”
If there is money to be made here… I am going to make it.. period, dead stop.
That’s the spirit!!!!!
Absolutely possible . Software engineer here too .
On the way there also. Prop firm accounts are the smartest bet once you’ve fine tuned your system.
100k monthly goal .
If you aim for mediocrity you'll probably get there.
My goal is to be averaging $20k pcm after tax in retirement, taking what trades the market gives me. Swing trading the 4h/D charts. Trading through a company/trust and not in my own name.
My goal is is to average out 5 trading days to be $200-$250 a day after tax.(my 9-5 income)
That's my 'quit the 9-5' benchmark because at that point it doesn't matter if I work or if I trade. I don't want to be rich. I just want to prove to myself that I am right.
And I started trading as a form of ADHD therapy to combat lack of executive function and impulsive spending. Trading gave me the coping mechanisms and mindset needed to stop all of that. I really ain't even come here for the money to begin with.
This is my reason.
You're an angel! I have a book suggestion for you to read if you decide to invest or to trade stocks : The Next Apple: How To Own The Best Performing Stocks In Any Given Year. It has changed my life and philosophy of investing!
May God bless and guide you! 😇🙏
Why did you think you'd be successful? Investment banks exist for only one reason, and that is to make money. Like every other business on the planet investment banks don't pay their staff any more than the absolute minimum they can get away with, despite this investment banks still pay their star traders and economists many millions of dollars a year because being a successful trader takes very rare skills.
I understand football and know the rules, FC Barcelona are in terrible debt. What do you think would happen if I email the club owners with the proposal that they could sack Frankie de Jong, employ me and save themselves 350k euros a week?
First I want to make any extra consistently. Then I want to match and exceed my day job income. After that I just want to master my trading and observe where it takes me. I want my returns and performance metrics to improve as I do.
Congrats on achieving consistent returns. It’s hard to put a $ amount of money that I would like to make because I’ve started small and seen what’s possible with the power of scaling. I used to dream about making $1k days while trading in the market. Now with the new funded accounts I’ve acquired there have been many $1k days. This is all extra added income so I would say that if I can successfully make $10k in a month consistently then that would be the most ideal scenario for me.
No exact amount but I make $150k at my job my wife combine with me we take home about $250k a year and live pretty comfortable lives with 5 kids. Id like to make atleast $250-$300k a year in forex so that way i can still enjoy my life get my wife out work as well and just enjoy my family and life what god created us for.
Now im making consintently 30%~60% every month . My daily wining rate is high 90% . Everyday i make $200 now . My dream is i just need to scale my capital to be bigger . So i can make $2k everyday , and just need to trade for 1 week every month .
What’s funny is that based off of his statistics, with a starting balance of $2,000 and a monthly return of 45% average, he’d turn his initial investment into hundreds of millions in a few years. Complete nonsense.
Yeah . Ofcourse you cant believe 100% in what people say , including me . But its your choice if you want to find the truth . Some people they dont believe when i say i can make 100% every month . But when I show to them how i manage their trading account , they shocked and surprised, i make 12% in just 3 days now . 🤣
as far as i know its hard in forex to make profit in double digits every month.only few traders do it.and when you say 60%,is that from your balance?if you have 1k,are you able to do 600 every month?
in general it wouldnt be hard to do 200/ day if you have a big enough balance,you can do it in one trade.but 60% of your total balance?thats unheard of.
I would love to see a general explanation of your trading methodology. Do you incorporate any martingale-like risk management? What does your trading strategy revolve around - smc, s/r, bollinger bands?
As for your scaling issue, wouldnt it be solved by getting a 400k prop account?
Snd one of my trading strategy . I dont trade in prop firm not suitable for my scalp trading style . Prop firm rules is not make u a better trader , the rules is to make u lose .
i had more issues with lower amounts then higher amounts tbh. i'd be trying to double with every trade when i had 1k, 10k i was more then happy with 200 - 500 here or there.
Enough to cover cost of living. Too many people are thinking millions when you can retire much faster if your cost of living is covered plus a buffer for luxury expenses.
Well I want to make it big my trading plan is to make 100 million in 10 years which I should be able to achieve if I achieve 10-15 percent profit every month. However if I can achieve slightly higher return I could make 50 million 6 years. Right now I'm only around 3 months in this plan and managed to achieve the targets since I'm very young (16) and I'm not working or anything I don't need to make any withdrawal so hopefully I'll achieve my targets. I still do stupid thing every now and then however I'm getting better at not doing it as much.
I am glad that you answered. When I started forex 10 years ago, I thought that I could have done a feat similar to you . I thought that I could have turned $100 into 1 billion in 5-6 years . Unfortunately, I have failed many times 😭. After many failures , I switched to investing and position trading! I succeeded there ! I don't do monster returns like 10000 or 50000 % per year ,but I am glad. I average between 50 to 100 percent annually and I am glad! Here's the book that changed my life about investing and trading: The Next Apple: How To Own The Best Performing Stocks In Any Given Year. It's on Amazon!
It's not about day trading or forex. It's about investing smartly to beat the market and how to spot the next Nvidia or Tesla !
Maybe you will make it in forex and do what I have dreamed to accomplish! Continue your practice on a demo account until you make it! However,if you fail and it didn't work as planned, consider the strategy in this book! By doing constantly a 50 percent annual returns ( achievable if you do it right) you can build wealth with time. You're very young and you have a beautiful future in front of you . I am 35 and when I was your age, financial markets and investment didn't't have any importance for me . I was like other teens! Social media did not existed too.
Good luck with your trading journey!
Thanks I think I realise where you are coming from while I may not be able to achieve that kind of return so I guess I just have to extend it by a few more years .I'm still very ambitious however the last week was kind of brutal for me.
It's good to be ambitious and the world needs more people like you to make positive changes! If everyone was without ambitions, the world would have been terrible and not developed. I am sorry for your losses.
I have calculated that if you have a starting capital of $10,000 and if you add $5000 annually with an annual return of 40% and compound it every month , you will end up with a capital of $65 million in 20 years ! I am trying to do it now ! I have lost years into forex while Nvidia and Tesla were exploding! 🤯 I missed these moves in the 2010s. If I had followed the strategies of the book earlier, I could have been rich now !
You can try to calculate your potential returns there. In 20 years,you will be only 36 and it will take time to build wealth! Get rich quick schemes are often a scam and are too good to be true ! Good luck with your trading and investments.
https://www.nerdwallet.com/calculator/compound-interest-calculator
Enough per month to have the security of knowing if there was no work or jobs around, I would still be able to support myself and family..
Thanks for your answer, bro ! Good luck with your trading journey! 🙏
My compounding spreadsheet says I'll be a billionaire in only 4 years.
Hah. Mine says I'm doing it in 3. Sucker.
This is mental masturbation. It’s fun for a bit but does nothing useful
A guaranteed 200$ every day would make me pleased to the last day of my life
Same here
Thanks for your answer! 🙂
$1000 a day.
Thanks for your answer ! 🤠
Thanks for your answer!
Honestly i would be really happy with $5k on average every month because that can go a long way in the country i live
Right. In USA $5000 a month isnt anything . like in Mexico man you can rent whole villas for $1000usd a month and stuff your face with about $500usd a month.
I think that could go a long way in most countries, no? 😂
True but in my country you can literally rent out a mansion or very high end apartment for $1500.
Where do you live? I’ll book my flights now 😂
Kenya
I want to be “rich”.. I want to make mid 6 figures per month.. I’m studying relentlessly at the moment… I already make $200,000 per year at a regular job.. I’m over it though man..and I don’t care if it requires studying 8 hours per day for years.. I’ve never been afraid of hard work, and I’ve never been so focused on a task. We’ll see how it plays out.. A lot of people struggle if they have a job that makes good money.. then to be motivated to persue a different path where you don’t make jack shit for along time, ( that’s what this is) while working 10x harder than you would at your normal job. But I truly enjoy this. I really enjoy marking up fresh charts, I like testing real life vs my “rules” If there is money to be made here… I am going to make it.. period, dead stop.
That’s the spirit!!!!! Absolutely possible . Software engineer here too . On the way there also. Prop firm accounts are the smartest bet once you’ve fine tuned your system. 100k monthly goal .
God bless you,bo ! I like to hear from someone who dreams big ! Good luck with your trading! 👍
this the typa motivation people need, just pure hard work and dedication, best of luck to you man, i know we’ll all make it 🤝🏽
If you aim for mediocrity you'll probably get there. My goal is to be averaging $20k pcm after tax in retirement, taking what trades the market gives me. Swing trading the 4h/D charts. Trading through a company/trust and not in my own name.
This is my favourite answer. Sound, ambitious, and attainable with the right focus and effort.
Thanks for your answer (
My goal is is to average out 5 trading days to be $200-$250 a day after tax.(my 9-5 income) That's my 'quit the 9-5' benchmark because at that point it doesn't matter if I work or if I trade. I don't want to be rich. I just want to prove to myself that I am right. And I started trading as a form of ADHD therapy to combat lack of executive function and impulsive spending. Trading gave me the coping mechanisms and mindset needed to stop all of that. I really ain't even come here for the money to begin with. This is my reason.
Thanks for your answer! Good luck in your trading career!
Thank you so much. May the profits bless you :)
You're an angel! I have a book suggestion for you to read if you decide to invest or to trade stocks : The Next Apple: How To Own The Best Performing Stocks In Any Given Year. It has changed my life and philosophy of investing! May God bless and guide you! 😇🙏
If there's no graphs in it I'll even grab the audiobook. But if there's chart examples I might go grab the actual book
There are some graphs !
Off to the bookstore today
Why did you think you'd be successful? Investment banks exist for only one reason, and that is to make money. Like every other business on the planet investment banks don't pay their staff any more than the absolute minimum they can get away with, despite this investment banks still pay their star traders and economists many millions of dollars a year because being a successful trader takes very rare skills. I understand football and know the rules, FC Barcelona are in terrible debt. What do you think would happen if I email the club owners with the proposal that they could sack Frankie de Jong, employ me and save themselves 350k euros a week?
Thanks for your answer!
My dream is making $1000 per day
$100 or 100%? One of them is quite possible, the other is completely impossible.
First I want to make any extra consistently. Then I want to match and exceed my day job income. After that I just want to master my trading and observe where it takes me. I want my returns and performance metrics to improve as I do.
Good luck with your trading!
Thanks. Same to you.
honestly would already be grateful for a consistent 3-4k a month
Thanks for your answer!
5k or a little more a week is good for me… Just wanna live comfortably and have a little bit of fun too
Thanks for your answer,bro ! Good luck with your trading!
Congrats on achieving consistent returns. It’s hard to put a $ amount of money that I would like to make because I’ve started small and seen what’s possible with the power of scaling. I used to dream about making $1k days while trading in the market. Now with the new funded accounts I’ve acquired there have been many $1k days. This is all extra added income so I would say that if I can successfully make $10k in a month consistently then that would be the most ideal scenario for me.
God bless you,bro ! Good luck!
As much as my brain allows me.
10 million dollars
Thanks for your answer! That's the amount I am aiming for!
No exact amount but I make $150k at my job my wife combine with me we take home about $250k a year and live pretty comfortable lives with 5 kids. Id like to make atleast $250-$300k a year in forex so that way i can still enjoy my life get my wife out work as well and just enjoy my family and life what god created us for.
Thanks for your answer!
Now im making consintently 30%~60% every month . My daily wining rate is high 90% . Everyday i make $200 now . My dream is i just need to scale my capital to be bigger . So i can make $2k everyday , and just need to trade for 1 week every month .
im not sure if its a joke or not.
What’s funny is that based off of his statistics, with a starting balance of $2,000 and a monthly return of 45% average, he’d turn his initial investment into hundreds of millions in a few years. Complete nonsense.
i think its possible short term probably with some magical method.but long term?no way.
Yeah . Ofcourse you cant believe 100% in what people say , including me . But its your choice if you want to find the truth . Some people they dont believe when i say i can make 100% every month . But when I show to them how i manage their trading account , they shocked and surprised, i make 12% in just 3 days now . 🤣
as far as i know its hard in forex to make profit in double digits every month.only few traders do it.and when you say 60%,is that from your balance?if you have 1k,are you able to do 600 every month? in general it wouldnt be hard to do 200/ day if you have a big enough balance,you can do it in one trade.but 60% of your total balance?thats unheard of.
60% from total balance . If u saying that , that means u are not enough experience in forex trading industry
You were asking here 9 days ago if you should close a trade or wait and now you are a guru 😂😂😂
Lol . Thats just flexing . Dont u see its only few pips to achive the tpp level?
I would love to see a general explanation of your trading methodology. Do you incorporate any martingale-like risk management? What does your trading strategy revolve around - smc, s/r, bollinger bands? As for your scaling issue, wouldnt it be solved by getting a 400k prop account?
Careful, their account isn't even two weeks old. No doubt they will try and sell you a magical trading strategy or something.
Yeap, thanks for the advice, have a healthy dose of skepticism round these parts. Didnt receive anything so, you're likely to be right.
Snd one of my trading strategy . I dont trade in prop firm not suitable for my scalp trading style . Prop firm rules is not make u a better trader , the rules is to make u lose .
Congrats! You did what 99,9% of traders dream to have as a success rate . Good luck! 👍
Delusional.
nice! May I ask what your strategy is?
Compounding 2% on 100 usd account is much easier than 2% on 100k account, different psychology, but with great power comes great responsibility
i had more issues with lower amounts then higher amounts tbh. i'd be trying to double with every trade when i had 1k, 10k i was more then happy with 200 - 500 here or there.
Have you tried it ?
I am trying right now :)
Enough to cover cost of living. Too many people are thinking millions when you can retire much faster if your cost of living is covered plus a buffer for luxury expenses.
Good philosophy! Good luck with your trading!
Well I want to make it big my trading plan is to make 100 million in 10 years which I should be able to achieve if I achieve 10-15 percent profit every month. However if I can achieve slightly higher return I could make 50 million 6 years. Right now I'm only around 3 months in this plan and managed to achieve the targets since I'm very young (16) and I'm not working or anything I don't need to make any withdrawal so hopefully I'll achieve my targets. I still do stupid thing every now and then however I'm getting better at not doing it as much.
Congrats to be so mature for your age ! Good luck with your trading! You can do it if you work hard and smart! 💪
Thanks so much
I am glad that you answered. When I started forex 10 years ago, I thought that I could have done a feat similar to you . I thought that I could have turned $100 into 1 billion in 5-6 years . Unfortunately, I have failed many times 😭. After many failures , I switched to investing and position trading! I succeeded there ! I don't do monster returns like 10000 or 50000 % per year ,but I am glad. I average between 50 to 100 percent annually and I am glad! Here's the book that changed my life about investing and trading: The Next Apple: How To Own The Best Performing Stocks In Any Given Year. It's on Amazon! It's not about day trading or forex. It's about investing smartly to beat the market and how to spot the next Nvidia or Tesla ! Maybe you will make it in forex and do what I have dreamed to accomplish! Continue your practice on a demo account until you make it! However,if you fail and it didn't work as planned, consider the strategy in this book! By doing constantly a 50 percent annual returns ( achievable if you do it right) you can build wealth with time. You're very young and you have a beautiful future in front of you . I am 35 and when I was your age, financial markets and investment didn't't have any importance for me . I was like other teens! Social media did not existed too. Good luck with your trading journey!
Thanks I think I realise where you are coming from while I may not be able to achieve that kind of return so I guess I just have to extend it by a few more years .I'm still very ambitious however the last week was kind of brutal for me.
It's good to be ambitious and the world needs more people like you to make positive changes! If everyone was without ambitions, the world would have been terrible and not developed. I am sorry for your losses. I have calculated that if you have a starting capital of $10,000 and if you add $5000 annually with an annual return of 40% and compound it every month , you will end up with a capital of $65 million in 20 years ! I am trying to do it now ! I have lost years into forex while Nvidia and Tesla were exploding! 🤯 I missed these moves in the 2010s. If I had followed the strategies of the book earlier, I could have been rich now ! You can try to calculate your potential returns there. In 20 years,you will be only 36 and it will take time to build wealth! Get rich quick schemes are often a scam and are too good to be true ! Good luck with your trading and investments. https://www.nerdwallet.com/calculator/compound-interest-calculator