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.
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January 2021
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