Humbled by the things I don't know I don't know & grateful that traders share that knowledge.
New Calculator - Try what I have so far
Saturday, March 19, 2011
Scalability of your trading process
I am a part-time swing trader. I use a 2% total risk drawdown. I can only pay attention to 2-3 stocks at a time. My account is not really that large. If I want to quit my day job, how can I survive?
0) increasing my risk by making the drawdown larger
1) leverage and margins
2) grow by adding more stocks, less attention
3) automate your trading process to allow for more stocks
4) grow by hiring/recruiting help
5) increase other stock related passive incomes
6) change to options/futures
7) forex
Are there any other options? How did you do it?
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