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Old 05-20-2008, 08:50 AM
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rhodytrader rhodytrader is offline
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Quote:
Originally Posted by sspencer555 View Post
2. Then incrementally set monetary goals, first I want to make 100 dollars and then $300 an ETC till I can make 500.00 to 1000.00 consistently. ( I make adequate income now at my job, but I need to substitute that with trade income.) or if I can get 10,000 in the market I will then quit my job or
My advice would be to not think so much about the $$, but more about the % returns. If you think about the $$ it can create mental barriers later on when you start trading larger.

Secondly, $10,000 is not enough to quit your job - not by a long shot. The returns you would have to generate from an account that size just to live on are not something realistic over a sustained period of time.
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