a lot of you hope to make enough money to trade full-time
lemme give you a thought:
if you can't reasonably expect to make 10%/y with 95%+ confidence, you aren't ready.
regardless how big your balance is
lemme give you a thought:
if you can't reasonably expect to make 10%/y with 95%+ confidence, you aren't ready.
regardless how big your balance is
it's not as much about how much money you've accumulated
it's more about your expectation of return, and your variance on those returns.
Hitting one (or even a couple!) big winner(s) does not mean you're ready to trade for income unless you also have a proven record
it's more about your expectation of return, and your variance on those returns.
Hitting one (or even a couple!) big winner(s) does not mean you're ready to trade for income unless you also have a proven record
the only exception is if you manage to win big enough that you can properly retire completely with a massive margin of error
realistically, this looks like 8 figures
and if that's the case, I'd recommend that you to consider not trading it, simply retire and pursue hobbies.
realistically, this looks like 8 figures
and if that's the case, I'd recommend that you to consider not trading it, simply retire and pursue hobbies.
inb4 "retire in the third world for $0.80 a day"
yeah yeah, adapt as necessary but you get the point
yeah yeah, adapt as necessary but you get the point
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