Disliked{quote} What has the annual median income in South Africa got to do with Trading Made Simple. Google is one click away and can run ring's around you by copy and past Get back to the question on hand. Are you going to open a thread of your own? Will you leave the member's that stay behind to learn BigE's TMS like it is spelled out in post#1 in peace.Ignored
@Tekkies,
I was asked many times what the trading account size, etc. etc.
So I build a business model using the traders annual income and with financial goals, and a trading business plan.
I did this for one trader in Sydney with an annual income of A$70,000.
So I demonstrated how he can trade with one year his annual salary saved (~US$50k) account and target 10% profit every 20-trading days cycle.
That was done in 2015 and posted here in this thread. Some may recall those post of monthly statements posted.
That is just one way to use the annula income as trading capital and have SMART $targets.
Do not have ambitious targets like 30% to 40% profit per month and doubling an account etc. and to turn $5k into one $million.
Of course you can trade with small account S$1k , S$2k and with maximum risk and double an account.
But I am looking at long term consistent profits and using trading cycles and not months.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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