As with trading methods, I’m sure there’s an infinite number of ways to approach this… I’m curious what those who are successful are doing in order to begin wrapping my head around constructing a plan for myself.
So, trading is going well, consistency is there, etc… When drawing income from one’s account, should one look to a percentage of account size? Percentage of profits? Flat draw rate? How large should the account grow to before starting this, etc…
Also, if any individual that has made the crossover from trading as a hobby or supplement into actually trading solely for a living wants to share how that transition progressed it’d be greatly appreciated.
If there’s a thorough post already made on this, or any resources anyone knows of that can be linked to, I’d love anything I can get my hands on…
Thanks!