Disliked{quote} what does homeless begging has to do with forex trading? not comparable at all. when you withdraw $$$ from your account for your monthly expenses; that is pure successIgnored
- generating 100% of my income from trading
- and withdrawing $$$ only from my trading profits to cover 100% of my monthly living expenses (utility bills, mortgage, cars, education, shopping, groceries etc)
- consistently month over month over month for a minimum of 24 consecutive months
only then I will consider myself to be a profitable and successful full time trader. Everything else is just fluff and f*cking with your mind into thinking you have finally made it.
24 months consecutive profits in not possible so 2*12months to come up with the required average monthly income is fine as well.
For me to quit my job and go full time, my MM plan mandates 24 months of total targeted profits (withdrawn at year-end after taxes straight into a bank account) as STEP One before I start withdrawing towards living expenses from 25th month onwards. To tap into trading capital for living expenses is like tapping into your retirement fund and depleting principal. It will just be a matter of time and you will eventually run out of money and eventually go homeless!