aliassmith wrote:MightyOne wrote:Trading my time/life for $$ is the worst way to earn.
I do it daily.
Life is so much easier when you are single, you can sell everything you own except a laptop & a backpack and then receive government assistance while you trade your way to riches on stolen wifi
If you really want to get out then you need to:
1) bump your account to 12% of your gross income
2) start with 1 or 2 micro lots on all of your trades
(later you will be risking 10 cents per pip per $10,000)
(use 2 micro if 1 pip is less than 10 cents)
3) small targets of 26 to 39%
(it takes a lot more time to compound if you aim higher)
(after you have made 13% you can trade as if you were targeting 13-26%;
you can reduce your size a little and set aside space)
4) take a check for 88% of your account after you make a zero
ok I'll bite. What's the significance of 12% of gross
My gross or the cumulative of mine and my wifes'?