$500-1000 per day from part time trading - Psychology and Money Management | futures io social day trading
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$500-1000 per day from part time trading
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Created: by jonc Attachments:0

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$500-1000 per day from part time trading

  #51 (permalink)
Los Angeles, CA
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received

Big Mike View Post
I used to think this way. But then when I put it into practice, I quickly realized I am not a robot. I am a discretionary trader. Yes, yes, for all the automation guys out there. But I am a discretionary trader. So to answer your question as to why if you are doing 1k a day why not make it 10k, the answer is simple: psychology. More risk alters your decision making capabilities.

I continue to trade bigger over time, but it's not just a matter of adding some zeros to the end of my lot size and pressing "go".


Hey Mike

Without hopefully being too personal of a question, can you elaborate or share your progress with respect to increasing your trading size?

Was it a two steps forward, one step back? How long did it take you to progress from one lot to the next unit size where you felt an identical or similar degree of comfortability, if that makes sense.

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  #52 (permalink)
hong kong
Posts: 12 since Nov 2014
Thanks: 0 given, 2 received

$10k to $20k a month is a lot of money, you should make trading your main profession, and consider your day job to be a hobby

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