Search This Blog

Friday, March 13, 2009

Money Management (Series): Trading for Income

"The worst crime against working people is a company which fails to operate at a profit" - Samuel Gompers

The reason we trade, is to make money.

The reason we make money, is to have an income.

So what are reasonable expectations when it comes to trading? What sort of income can you expect? What should you remember when you hear that a trader had a $2500 trade? How much money should you take home to live on?

I offer my experience and thoughts on the subject, in the following vlog which will be included in my "Money Management Playlist" ...

(Video Included. If you're seeing this entry elsewhere and cannot see the Video? Click this link to view the entry ...)

* * *

Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 13 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.


Search Investing and Trading Articles and Products