You also want to think about the number of people you get to meet, which in turn will affect how many people you get to work with. If you know you need $50k to get started, it’s easy to think you have $50k. But if you don’t know how much money you need that day to earn $50k, it’s hard to think that way.
I want to share some strategies for dealing with the uncertainty of trying to trade, along with advice for dealing with the chaos of trying to make money by trading. It can be tricky at first, and this post will show you techniques and tools for finding out when you should be trading and how to get started if you want to do it right; and when you should give up.
For the most part, in most cases, you’ll want to trade using the $100k/month (one month of trading = 100,000 trading sessions/day) trading floor for this tutorial.
There can be a few things that you can trade if you can’t get to $100k/month. You could sell to buy at your current interest rate, or you could do a simple buy at market rate. But even if you do that, you’ll run up against the 100s of thousands of market orders each day that take priority over those that come through your desk!
What this means is that there can be a lot of factors that can influence a trader’s willingness to buy and sell, and it’s not always clear where your decision is based. If your time is limited, it’ll make some sense to trade a lot less. If you have time, it’ll make more sense to trade more! If you’re trying to get money you can use at your actual bank account, you’re probably the type that will want to trade a lot, even if $100k isn’t realistic.
However, with a lot of this complexity, you have to be careful. The time you choose to trade is often the one when your options are the few you do have of a single product or strategy. So you’re setting yourself up to over-invest a lot of your time.
The time you choose to trade is often the one when your options are the few you do have of a single product or strategy. So you’re setting yourself up to over-invest a lot of your time.
Here are some tips for dealing with all of this uncertainty:
Be very cautious
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