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(can) small accounts make a living ?!

  • #41
  • Feb 27, 2009 2:26pm Feb 27, 2009 2:26pm
Quoting H. Rearden
Don't worry guys.

I wasn't born yesterday and I am well aware how forums work.

By the time I start next week, we will have reduced the group to interested members only which will help the idea of sharing information in the most efficient way.

Until then, keep up the spirit.

H. Rearden
Hi Rearden,

Thanks for the effort. Keep it up.

Just to let you know that I like your character and looking forward to your next post. Anyway, for your information, i once heard from a successful trader telling exactly like what you have said , its all start with a 'dream'.

Cheers from a small fish in a big pond.

Playfish
  • #42
  • Feb 27, 2009 3:18pm Feb 27, 2009 3:18pm
I also look forward to hearing what you have to say on the subject; you come across as someone with a fair bit of wisdom and experience.

Have a great weekend.
  • #43
  • Feb 27, 2009 10:18pm Feb 27, 2009 10:18pm
Hey H. Rearden, to start with, i love your username, i'm a huge fan of Ayn ]Rand and her philosophy and i believe that always being objective with reality is the only and best way to trade if you're determined to profit instead of gamble.


I'm looking forward to hear your ideas. As for me, i've been acquainted with the forex and trading world for quite a while, and tried it out intensely for two months in the past, but ended up dropping it, and now i'm back to give it another try. I'll keep on with my life (currently in university) but most of the time i can spare i'll spend studying and practicing forex trading.
  • #44
  • Feb 27, 2009 10:26pm Feb 27, 2009 10:26pm
Hey H. Rearden, to start with, i love your username, i'm a huge fan of Ayn ]Rand and her philosophy and i believe that always being objective with reality is the only and best way to trade if you're determined to profit instead of gamble.


I'm looking forward to hear your ideas. As for me, i've been acquainted with the forex and trading world for quite a while, and tried it out intensely for two months in the past, but ended up dropping it, and now i'm back to give it another try. I'll keep on with my life (currently in university) but most of the time i can spare i'll spend studying and practicing forex trading.
freedom
  • #45
  • Feb 27, 2009 11:08pm Feb 27, 2009 11:08pm
Quoting daytrading
Hi,

Rabid, I am not sure whether you are on the right track here.

For all I can see, the man has started a thread with the intention to share his experiences in the coming week(s). He has made no claims whatsoever about taking any amount to another. From a very liberal point of view, he is well within his right to structure the thread in the way he intends.

Btw, he never asked for anyone's view and he made very clear that before anything, he wants to see if there is interest from people who wish to listen/read about the topic....that means...

Well said.
The trend always ends.
  • #46
  • Feb 27, 2009 11:15pm Feb 27, 2009 11:15pm
Very interesting.
I look forward to learn more.
Empty as water and soft as a facing wind mountain
  • #47
  • Feb 27, 2009 11:31pm Feb 27, 2009 11:31pm
Readen, don't bother what other people said, this is your thread. Proceed with your vast experience becoming pro trader. Looking forward.Adios.
  • #48
  • Feb 28, 2009 3:02am Feb 28, 2009 3:02am
Hello H.Rearden
I'm looking forward to reading the wisdom you have gained from your experiences, and to taking part in the ensuing discussion. Thanks for starting this thread.
I've only been trading for a few weeks (my account is down) but I believe that trading conditions are difficult at the moment, so it's an interesting time to start on the journey from (A) having a small account but desperately wanting to build it, to (B) needing comparatively few trades to make a living and fund one's enjoyment of the world.
I hope you've been encouraged by the posts so far.
Thanks for your help, warmth and straight talking Heather.
  • #49
  • Feb 28, 2009 6:23am Feb 28, 2009 6:23am
From what i have read from posts from H.Rearden, i really believe that we are about to hear some interesting things and learn a lot(although I really don't know yet), and I base that opinion on that H.Rearden haven't said anything that sounds like a scam or get rich quick, and I as a beginner (2 years of experience) every day more and more see that the true success in trading comes from understanding and knowing things completely oposite from what you would ussually see on forums (trading systems, holy grails, and similar stuff). It is the stuff that is ussually boring to a begginner that really matters.(at least in my case)

And I have seen many times, that a experienced trader opens his thread to share some knowledge, only to go away very soon, because he can't really share knowledge of all the people that are intruding and that have a need to confront him for any reason. I really do respect that this is your (H.Rearden) thread, and that is the way it should be. And I hope that you will suceed in keeping this thread your thread, and I hope that you will not, at some poitn in time, get pissed off and leave.

I guess, even sharing knowledge and wanting to help someone is not easy.

Looking forward to your posts, hoping you won't quit.
  • #50
  • Feb 28, 2009 4:26pm Feb 28, 2009 4:26pm
H.Rearden I am looking forward to your posts in this thread, and the discussion that will arise from it .

I (at the present moment) agree with Rabids view on the account size issue.

However,

I do agree that "everything is relative" in life, and I am looking forward to hearing the wisdom from your experience.

Regards
Jig
  • #51
  • Feb 28, 2009 6:15pm Feb 28, 2009 6:15pm
I'm looking forward to what H. Reardon has to share, and even more so where it might to be leading... Hm... nice build up, though. LOL
  • #52
  • Feb 28, 2009 6:28pm Feb 28, 2009 6:28pm
Sure it's possible, anything is possible.

There's more than one way to skin a cat. Question is, how do (would) you skin yours?

So many questions, so little answers. Define small account? Define the costs of living? Define the methodology? Define the expected time frame?
  • #53
  • Feb 28, 2009 6:50pm Feb 28, 2009 6:50pm
Quoting NuckingFuts

So many questions, so little answers. Define small account? Define the costs of living? Define the methodology? Define the expected time frame?
We all know the answers to some of the above are relative to each one's current place. There is no single definitive answer but many realities.

I do believe Mr. Rearden said he intends to begin filling in the blanks in the coming week.
I see no reason not to take him at his word.
  • #54
  • Mar 1, 2009 1:44am Mar 1, 2009 1:44am
Yes, I started with a $100..
  • #55
  • Mar 1, 2009 3:02am Mar 1, 2009 3:02am
Hi H. Rearden, I like your post & want to know your experience towards a professional trader.
I am trading mostly with small accounts for over 2 years as day trader & by this time there were lots of up & down.Gaining profit perhaps did not make any problem but controll of the subsequent loss for only few trades did due to my high risk prone attitude>open trade with good lots ,left the computer & became busy in my job & sometimes even forgot to set stoploss ( over confidence & carelessness?).

I have lust for money but never bother if loss,just off the computer & let what might happen but not tried to protect what I had.

Hope will gain more confidence in protecting profit from your experience & how you tackled in such conditions.

looking forward your posts .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #56
  • Mar 1, 2009 3:52am Mar 1, 2009 3:52am
Nice build up. I'm all ears.
  • #57
  • Mar 1, 2009 4:16am Mar 1, 2009 4:16am
Some times ago I did some calculations to check my starting capital to be a full time trade and continue to have the same living as today.
Giving that my actual monthly salary is an average of 1500 euro monthly (calculated on 14 months since I have 2 months added for each year due to my contract type), this means that my year salary should be something like 21000 euro. Moreover this value should be multiplied by 2 since my company pay an extra salary each month for my retirement so I have to gain about 42000 euro per year. Now in the assumption to be able to have a performance of 30% for each year, I'll need a starting capital of at least 126000 euro to be able to have the same living as today without having the account to much overleveraged (in the assumption that I would be good enough to mantain a performance of 30% for each year which I highly doubt).
Btw I'm open to other point of view and wish to hear from H. Rearden how it's possible to live trading starting from a 'small' account

Cheers,
Skyline
  • #58
  • Mar 1, 2009 5:14am Mar 1, 2009 5:14am
wow, lots of newbies on this thread.

i agree with rabid: we'll see how long the thread lasts. rabid and i have been here a loooong time and seen many threads just like this.

h. reardon, no offense, but you seem to have a chip on your shoulder. as is the case in most technical professions, a type A personality accompanies.

i hope you lighten up a little when people say things you don't like: it is only an internet forum for christ's sake.
  • #59
  • Mar 1, 2009 6:42am Mar 1, 2009 6:42am
Quoting tdion
i agree with rabid: we'll see how long the thread lasts. rabid and i have been here a loooong time and seen many threads just like this.
I'm not sure that's something that can be considered an asset or something to brag about, hanging around on a public forum for a long time arguing with people. I'd be more inclined to look at the content of those who have come and finally left than those who hang around racking up posts trying to prove they have all the answers... and who cares how long the thread lasts, either there will be some value someone will get out of it or there won't.

Quoting tdion
h. reardon, no offense, but you seem to have a chip on your shoulder. as is the case in most technical professions, a type A personality accompanies.
Funny, I got the exact opposite from the exchange between the thread starter and Rabid. Rabid seems to be the one with the chip on his shoulder, the thread starter has shown nothing but professionalism when deflecting those attacks.

It's amazing how the vouch thing gets thrown around here with such little thought.
  • #60
  • Mar 1, 2009 7:23am Mar 1, 2009 7:23am
never understanded why it should be nessasery with a big account to make a living ????

as long one is consistant in profit...why a big account ??
StopLoss is for none belivers... Trust the Gurus..
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