Mark Su
Goal
Like many out there, I have always wanted to trade and make enough money to substitute my full time income. However, as a matter of fact, it is not practical to bring in a sizable income with say a starting capital of $1000 USD.
Assuming you want to make $5000 a month, and your capital is only $1000. This means that you need to make 600% return on investment every month to be able to withdraw $5000 and still retain the trading capital balance of $1000 in the trading account.
Facts
This is highly impossible and will only result in increased lot sizes, high leverage and high risk trades that could wipe off your account. Top hedge funds managers are only bringing in somewhere between 10-20% annually, which means that having a monthly $5000 income which equates to $60,000 annually will require a trading capital of between $300,000(20%) to $600,000(10%). However I would say that most retail traders do not have such amount of trading capital to start with.
Challenge
Highly impossible is still possible. I am putting up a personal challenge to trade my way from $1000 to $100,000. I will use something similar to the martingale betting style. However I do not plan on teaching my trading strategy, so please do not ask me about anything related to it.
However I will post a recorded video of every single trade that I have made for this challenge to my YouTube Channel. Curious and interested parties can feel free to look and study them. I am not trying to prove any point here, as this is all purely for experimentation.
I will post the results of my Challenge, here is the link to my $1000 to $100,000 Challenge.
Best Regards,
Mark Su