Trading is a long game and it has the ability to change your life forever. If you understand the risks and can stay emotionally level. Traders fail because they try to hit homerun after homerun, over risking to hit it big and quit their jobs as soon as possible.
That is not the way.
If you can master trading, it is the most scalable business you can start.
When you zoom out, you can see that it does not take much to make a good living.
The average American is salary is ~$52,000. To replace a $52,000 salary with trading, you’d have to average $206 per day.
$206 per day can be done regularly with an account as small as $1,000.
Take a look at what it would take to hit some yearly trading profit goals:
- $200 / day = $50,600
- $500 / day = $126,500
- $1,000 / day = $253,000
- $2,000 / day = $506,000
Slow down, take a deep breath, and zoom out. You don’t need to 3x your $1,000 trading account each day. Focus on good risk management and building upon what you have instead of losing it.
If you averaged $500 per day for a full year and your account was worth $126,500, then your average trade size could be $30,000 while only risk 5% of your account per trade.
Trading is insanely scalable.