People always like to ask “how much do I need to start with?”
Where they really want to ask is “Can I quit my job and start trading for a living with my capital?”
Sadly, the reason most people think that way is because of all the online scammers and unrealistic market scheme such as “generating 500% in a week” or “making $5000 every week with $500 investment”
With simple math, you can immediately tell that making $5000 from $500 will be 1000% returns… and every week???
With 52 weeks a year, that will be 52000% returns…
However, even though these are such obvious bullsh*t claims, people still fall for this trap…
And hence, they would think that trading for a living requires them to make outrageous returns on their small capital…and the result is that they only blow up their accounts over and over again…
I know…because I was one of them…
The truth is that trading is always about the %
-How much % can you generate
-How much % is your drawdown
This is the universal rule of investment.
Experienced investors are looking at the % while novice traders/investors are looking at the money amount…
So, aim to make consistent returns, a $10,000 returns can be good or bad - depends on how big your trading capital is.
Start thinking in a % and you will soon see the result - both from your trading profit and potential clients.