March 8, 2017 Greedy Ram 0Comment

Here is my 2015 trading year, to me it illustrates one of the hardest and often overlooked aspect to get used to as a trader which is the inconsistency of your income.  I had a month where I made over $28,000 another month where I lost almost $6,000 and a month where I broke virtually even making $388.

Trading is not a job where you can expect a steady income and get a paycheque every two weeks. This takes a lot of time to get used to and I would recommend to anyone thinking of becoming a professional to have a significant amount of savings built up, not for your trading account but for living expenses, ideally 6 months worth or more.  One of the worst things you can do is have financial pressure on you when you are trading, this clouds your judgement often leading to very poor and reckless decision making.

Leave a Reply