I keep reading all these books and articles and hearing repeatedly to set reasonable goals. OK no problem - I got the message. But they never say what is reasonable. Lots of examples of what isn't - I'm not going to turn $10,000 into a million in a year or two. But what IS reasonable to expect?
I have $50-100K I can put into this but won't do that until first I'm profitable on a demo account and then I'm profitable on a $10K live account. But realistically, after 2-3 years part time trading experience and a lot of studying, what is a reasonable goal? 20% a year return?
Like everyone else I'm hoping to eventually leave my crappy, life-force-sucking, mind-bogglingly-boring, pride-destroying, health-sapping, crawling-on-my-belly, hope-extinguishing job to make $50K a year from trading. And I'd like to do it in 5 years before I'm a complete lunatic.
Squid
I have $50-100K I can put into this but won't do that until first I'm profitable on a demo account and then I'm profitable on a $10K live account. But realistically, after 2-3 years part time trading experience and a lot of studying, what is a reasonable goal? 20% a year return?
Like everyone else I'm hoping to eventually leave my crappy, life-force-sucking, mind-bogglingly-boring, pride-destroying, health-sapping, crawling-on-my-belly, hope-extinguishing job to make $50K a year from trading. And I'd like to do it in 5 years before I'm a complete lunatic.
Squid