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Originally Posted by graemenash
If you think 10 pips a day is a prayer, I'd suggest you quit this game now...
Don't know what you're trying to prove, but in most places an annual income in excess of $50,000 is considered "fairly good". Perhaps you should move 
By the way I never said that I make 50 pips a day. I just know it's possible, thats all... |
Anything is possible. I am sorry but if you live in a more affluent area in the US 50k is not getting you anywhere. You would have to pay 25% tax on that and you have no vacation and no benefits. That is what I am trying to prove. The median price of a house from where I am from is 350k. How are you going to pay for a car, your mortgage, and insurance on 50k? That is comical.
10 pips a day sounds so easy but playing it out like that is a real disservice to newer traders. The average person is by no means going to post 150% gains a year. Maybe the top 1%-.05% of retail customers can do it. If you can that is great for you. I am not trying to knock it but stating if this is not your goal for the average is really setting people up with the wrong expectations.