NexusFi: Find Your Edge


Home Menu

 





$500-1000 per day from part time trading


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one RM99 with 6 posts (13 thanks)
    2. looks_two Limitless100 with 5 posts (4 thanks)
    3. looks_3 Underexposed with 5 posts (5 thanks)
    4. looks_4 Big Mike with 4 posts (19 thanks)
      Best Posters
    1. looks_one Big Mike with 4.8 thanks per post
    2. looks_two grausch with 4 thanks per post
    3. looks_3 zer0 with 3.5 thanks per post
    4. looks_4 RM99 with 2.2 thanks per post
    1. trending_up 29,225 views
    2. thumb_up 102 thanks given
    3. group 27 followers
    1. forum 51 posts
    2. attach_file 0 attachments




 
Search this Thread

$500-1000 per day from part time trading

  #51 (permalink)
JTurner77
Los Angeles, CA
 
Posts: 68 since Dec 2011
Thanks Given: 55
Thanks Received: 31


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".

Mike

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.

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
About a successful futures trader who didnĀ“t know anyth …
Psychology and Money Management
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
REcommedations for programming help
Sierra Chart
Quant vue
Trading Reviews and Vendors
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
  #52 (permalink)
hs1130
hong kong
 
Posts: 12 since Nov 2014
Thanks Given: 0
Thanks Received: 2

$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

Reply With Quote
Thanked by:




Last Updated on November 4, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts