Trading for a living: How much money do you need to trade for a living?

[@robertripper]

Please, do the math guys! Turning $5000 into $41400 (very random number, by the way) in a year means that you would have to achieve 728% return on capital. In order to accomplish this you would have to take on an extraordinarily high amount of risk. This is not impossible, but not very probable. You might as well buy lottery tickets, play roulette or bet on sports. More realistic (but still optimistic) scenario is 15-20% return on capital/year for experienced traders. This requires capital if you need to trade for living. If you account for 25% tax rate on capital gains you need at least $300,000 to $500,000 to make approximately $50,000 after tax. Just a more realistic and more sustainable scenario.

[@rockwelltradingservices]

It is up to you if you really think that. 😊 I am just sharing my experience here.

[@Ukacip]

That’s not how it works for day traders they can make 100k per day .... they can lose 50k per day

[@bballah9969]

@@rockwelltradingservices Its one thing to think that, but what he said is the truth the whole truth and nothing but the truth! There's absolutely no way you can day trade for a living with a $25-30k account!

[@toothybj]

I’ve seen a couple of your videos now & i really like your strategy of when to sell to minimize risk, when to take profit, etc, and of course *how much* one would need to trade to make a living out of it. Not a bad idea, even for a side hustle. Thanks again!

[@rockwelltradingservices]

Hi Ryan I, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@aspencouloir761]

Thanks. This is actually encouraging.

[@rockwelltradingservices]

Thank you very much for your feedback. Much appreciated :-) - Markus

[@hesit7591]

I'ts all about risk management if you can build up a 25k account you can also build a 1k or less too!

[@rockwelltradingservices]

That is right. :)

[@dhananjaypawar3037]

The man who builds confidence

[@rockwelltradingservices]

Thank you! :)

[@SumeetKujur1]

Most of the videos that I have watched till now either they say you will make a lot of money in trading or you will lose it all but after watching your videos I understand how to make it work and how does it actually work. Thanks, mate. :)

[@rockwelltradingservices]

You are welcome! Thank you for watching.

[@humbletrader5479]

Refreshing to hear someone tell the truth, it does take money to make money in the trading business.

[@rockwelltradingservices]

Thank you! :)

[@ryanjohn6358]

I recommend Mr Williams to all investors that want to make a huge profit from their capital investment.

[@ryanjohn6358]

*+ 1( 7 7 0 ) 2 8 4 -1 5 7 1* Do well to Tell him I referred you to him

[@ninal3926]

Finally somebody who is being realistic and honest 😍

[@rockwelltradingservices]

Thank you, NL! :)

[@josieb2015]

Exactly 👌🏾 He has saved my money to the scammers.

[@josevarela6439]

Great Tutorial & Recommendations the Truth that it takes Money to make Some Money!!

[@rockwelltradingservices]

You are welcome! :)

[@jerrypelletier2328]

I think a $250,000 account is a good size, make 1% of the account a day will give you $2,500.00 per day.... Less taxes.

[@rockwelltradingservices]

Yes! ;) Do my videos help? Please feel free to check my other content.

[@erickfuentes7276]

You are an angel fallen from the sky my brother just subscribed to your channel very informative learn a lot from this video I thank you for that man don’t know why you don’t have more subs.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@wallacemackay7562]

Thanks! You answered my questions. 3 years is not that long, trading a smaller account.

[@rockwelltradingservices]

I am glad that this helps. 😊

[@sammorgan31]

Depends what you can make. If you can manage 5% a month then 100k will make 5k/mo.

[@rockwelltradingservices]

Yes. You just need to decide how much risk you are willing to take. 😉

[@jayti1827]

Thanks, I really had trouble understanding this.

[@rockwelltradingservices]

Hi Jay Ti, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@scottdavidson7543]

Thank you

[@Rich72James]

Thanks. How much do you think you need to trade leveraged stocks?

[@rockwelltradingservices]

I would recommend at least $10,000.

[@carlosrios301]

good Mark, I like your comments. Thank you. C. Mailhos

[@ryanjohn6358]

I recommend Mr Williams to all investors that want to make a huge profit from their capital investment.

[@ryanjohn6358]

*+ 1( 7 7 0 ) 2 8 4 -1 5 7 1* Do well to Tell him I referred you to him

[@bewerbungsstarksalanius2024]

Very helpful. Thank you!

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@fredrickprice4287]

This looks great. I am about to retire from the military and be a stay at home Dad. I am hoping to start trading stocks. I have made a fair amount over the last 5 years with the buy and hold. It's time to go to the next level, but I need more information.

[@rockwelltradingservices]

Hi Fredrick! Visit mytradingroutine.com to learn more.

[@ryanjohn6358]

I recommend Mr Blain to all investors that want to make a huge profit from their capital investment.

[@ryanjohn6358]

*+ 1( 9 0 8 ) 2 7 4 - 0 9 6 5* Do well to Tell him I referred you to him

[@lovernotfighter]

I've got the necessary funds for the options trading but I don't know what exchange to use to practice trading. Could you let me know how to get the practice?

[@rockwelltradingservices]

We suggest TD Ameritrade and their ThinkOrSwim (TOS) platform for practice. Here's a link to sign up for their "Paper Money" practice account. www.thinkorswim.com/t/pm-registration.html

[@ryanjohn6358]

I recommend Mr Williams to all investors that want to make a huge profit from their capital investment.

[@ryanjohn6358]

*+ 1( 7 7 0 ) 2 8 4 -1 5 7 1* Do well to Tell him I referred you to him

[@savesinnersrecords3715]

Thanks for your honesty which is rare. My question would be what is a broker.

[@rockwelltradingservices]

Hi save. It is an individual or firm that acts as an intermediary between an investor and a securities exchange. Because securities exchanges only accept orders from individuals or firms who are members of that exchange, individual traders and investors need the services of exchange members.

[@savesinnersrecords3715]

Markus Heitkoetter who do you recommend

[@rockwelltradingservices]

And here are some brokers to check out depending on what you want to trade: Futures - www.infinityfutures.com Binary Options - www.rockwelltrading.com/nadex Stocks & Equity Options - www.interactivebrokers.com, www.tdameritrade.com

[@rockwelltradingservices]

And here are some brokers to check out depending on what you want to trade: Futures - www.infinityfutures.com Binary Options - www.rockwelltrading.com/nadex Stocks & Equity Options - www.interactivebrokers.com, www.tdameritrade.com

[@ryanjohn6358]

@@savesinnersrecords3715 I recommend Mr Williams to all investors that want to make a huge profit from their capital investment.

[@dinam.h7452]

Thank you . Actually I'm just learn for more than 3 years. Hopefully is work and success. AMIN. God bless all :-)

[@MissionViksitBharat]

Sir I am very much thankful for your valuable guidance

[@ryanjohn6358]

I recommend Mr Blain to all investors that want to make a huge profit from their capital investment.

[@ryanjohn6358]

What'sapp No

[@ryanjohn6358]

*+ 1( 9 0 8 ) 2 7 4 - 0 9 6 5* Do well to Tell him I referred you to him

[@JRInTroy]

Very helpful

[@rockwelltradingservices]

Hi JRInTroy. Thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video? 👍

[@abb7juk]

My trades so far this year is 65% win but I am only trading small size. How did you build the confidence to trade bigger size? What was your break through ?

[@rockwelltradingservices]

I follow a simple strategy. If you want to know how I trade you can check mytradingroutine.com :)

[@ac4185]

Dang, you super professional now. :)

[@rockwelltradingservices]

Thank you! :)

[@leetansamal8195]

Trading is a skill it's 100% right.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@leetansamal8195]

@@rockwelltradingservices i want to learn this skill from you.

[@rockwelltradingservices]

Yes, you can. Start by watching this playlist kzbin.info/www/bejne/jn6nZp6Aa5d3a7c

[@erickfuentes7276]

So Marcus could I open an M1 finance app or Robinhood app with 100 dollars just to practice until I get the 5000 dollars you talking about so I can open a. Brokerage account like fedelity so I can play with the big boys correct???? What your take on my strategy? I will be waiting for your response thank you.

[@AusieGamer834]

Really honest

[@rockwelltradingservices]

Thank you!

[@jayadsilva67]

Markus, moonshine boy. You are building castles in the air. I started with $ 800,000. My first year, I made $9600. Hardly enough to live on. It took me 9 years to make sufficient money, I make around 8-12% a year now. My average is about as much as a passive fund makes if kept in an S&P 500 index fund. After all that work, I am no better than that. So I may just give up trading. What is your account size? Are you making money off your books?

[@rockwelltradingservices]

Hi caligula minus. I have recent updates about my trading account and current trading strategy if you are curious how I am doing with trading. Here is my latest live stream kzbin.info/www/bejne/gKOzdqKApNSZhZI

[@cesaremmanuelgaytan8079]

Hi Markus, what about Forex Market. Is true that forex is not recomended for retail traders?

[@rockwelltradingservices]

I prefer futures for day trading, and stocks or options for swing trading.

[@gerryshafer5954]

COFFEE WITH MARKUS WHY DONT YOU SHOW US YOUR SOFTWARE ? THATS WHAT IM INTERESTED IN !!!

[@rockwelltradingservices]

Hi Gerry! You can request for a free demo. Just send me you contact number at [e-mail].

[@kitchfairman5043]

Bravo! As always very helpful. If you remember, the other day I mentioned a plan? Apparently I should have watched this video first!: ) I've been "practicing/ observing" the market for 20 years but only watching your KZbin videos for a few weeks😅 Do you have a video on terminology? I was stopped from day trading cuz I didn't have a minimum of $25,000 in my account. These are the rules I was told. So I'm a little confused after watching your video... I have been selling and buying Bitcoin for a few years now and tried that approach with stocks but got smacked in the face with 3 trades a week max. rule.

[@rockwelltradingservices]

Hi Kitch, I will make a video on this. The "25,000 rule" only applies when you are DAY TRADING stocks. So you have to open and close the trade in the same day. I personally prefer SWING TRADING, i.e. I'm holding a position for 5-25 days. This way, I'm not being flagged as a "pattern day trader", and you can trade an account smaller than $25,000. Does this help?

[@threelittlebirds274]

@@rockwelltradingservices Is it true that the 25000 rule only applies to margin accounts?

[@auroraalfaro2425]

Nice hair 😉

[@rockwelltradingservices]

Hahaha! Thank you Aurora!

[@auroraalfaro2425]

Markus: do you personally respond to the comments or do you have a team😜? Where do I have to send my email/letter/WhatsApp/inbox/or whatever to invite you to have a coffee (in February or March 2019) at the Rockwell Live Summit ☕️🌹?

[@rockwelltradingservices]

Aurora Alfaro I do have a team, and I respond personally to these comments. If you want to contact me by email, send a message to [e-mail]. Talk soon!

[@brucea550]

I’m always wary of people touting random numbers as specific possibilities- you can turn $5k into $41,400. Huh? Where did $41,400 come from? Sorry but the market is way too random for that. It’s just raising false hopes. I’m REALLY wary of anyone touting binary options, which is no different than going to Vegas playing roulette. The house always wins, not you.

[@rockwelltradingservices]

Hi Bruce, you are a classic example of people who think and make trading complicated. I invite to attend one of our Bootcamps for you to understand further. Just visit bootcamp.rockwelltrading.com or check out how I trade at mytradingroutine.com.

[@ryanjohn6358]

I recommend Mr Williams to all investors that want to make a huge profit from their capital investment.

[@ryanjohn6358]

*+ 1( 7 7 0 ) 2 8 4 -1 5 7 1* Do well to Tell him I referred you to him

[@brucea550]

@@rockwelltradingservices I don’t need a boot camp to know specific numbers are bullshit. And my trading is not at all complicated, but it’s also not gambling.

[@smangelemanzi6402]

Some guy wanted to recruit me on this binary option trading and he said i can i need to put 3000k in 7days i will get 31 000k but after watching this video i see this is not possible...

[@rockwelltradingservices]

I am glad that this helps. 😊

[@ryanjohn6358]

Reach out my broker he is good

[@ryanjohn6358]

I recommend Mr Blain to all investors that want to make a huge profit from their capital investment.

[@ryanjohn6358]

*+ 1( 9 0 8 ) 2 7 4 - 0 9 6 5* Do well to Tell him I referred you to him

[@tarunsingla7406]

How 5000 can lead to 41000 in an year (52 weeks) by getting 100 per week ? is there any video on this ???

[@rockwelltradingservices]

Hi Tarun that is too specific, if that is your goal then you have to ensure that you do not have losses. The key is to limit you risk.

[@Jk-of6md]

Hello Markus, I wanna start option trading with 10k, what kind of brokerage should I use sir??

[@rockwelltradingservices]

Hi! We use Nadex for binaray options. 😊

[@ryanjohn6358]

I recommend Mr Blain to all investors that want to make a huge profit from their capital investment.

[@ryanjohn6358]

*+ 1( 9 0 8 ) 2 7 4 - 0 9 6 5* Do well to Tell him I referred you to him

[@shabooNorthphilly]

Do you think it's possible to make a 5% return each week off of $100k stock account

[@rockwelltradingservices]

Possible? - Yes. Realistic? - No. I have been trading for many many years, and I'm making between 60% - 80% per year, i.e. 1% - 1.5% per week.

[@mickkelly2074]

My whole approach to trading has changed since receiving these vedioes. Mick Kelly

[@rockwelltradingservices]

Hi Mick! I am happy to know that my videos are of value to you. :)

[@qaiserghani820]

though disappointing but still honest

[@rockwelltradingservices]

I hope that you will be able to trade soon! While you are waiting, just start learning first.

[@ryanjohn6358]

I recommend Mr Williams to all investors that want to make a huge profit from their capital investment.

[@ryanjohn6358]

*+ 1( 7 7 0 ) 2 8 4 -1 5 7 1* Do well to Tell him I referred you to him

[@dougluna5865]

Thanks for telling the true about this business!

[@rockwelltradingservices]

You are welcome! :)

[@tuancassim2779]

Hello Markus, I think you've made a big mistake with you math and thus the whole video is misleading. If you say $100 on a $5000 account per week, that's 2% a week. Even if you apply compounding weekly, you are only going to end up with $14,000 in one year (52 weeks). If you say you can turn $5000 to $41,000 in one year, that's slightly more than 800% per year, which means by the end of the second year you'll be having $ 320,000 (800% of $40,000), which I think is far fetched. I think you made a mistake by saying $41,000 instead of $14,000.

[@rockwelltradingservices]

Hi Gutsy Trader, thanks for checking my math. And yes, you are right that if you would apply "fixed ratio" money management, then you would end up with $14,000 at the end of the year. I like to use the "fixed ratio money management" that Ryan Jones introduced in his book "The Trading Game", where you increase your position size during a win streak and decrease it during a losing streak. Using this money management approach, you would turn $5,000 into $41,000 within 1 year. That's the power of money management. Does this clarify the math?

[@tuancassim2779]

@@rockwelltradingservices Hi Markus, thanks for replying. I think your answer itself is an indication you are wrong. If you say you increase your position size, it means you need to bring in more money apart from the initial $5000 and any profits that you make from that $5000. When you say you make $100 a week on $5000, that is 2% week. So keeping this percentage, the maximum compounding you can do it keep growing at 2% per week and keep compounding the profits you make. It is already understood that you will be using the maximum available money in the account starting from $5000. So when you say increase position size, it has to mean that you bring in more money that was not in the account when you started, which you didn't mention in the video. The other possible argument is your profit percentage increases as you grow profits, again which you didn't mention in the video. Either way the video is misguiding. If you can, I'd like to ask you to prove how you can grow a $5000 account to a $41,000 account in one year using the rate which you mentioned in the video which is 2% a week. ( $100 for a $5000 account in one week is 2% week). So can you please show us, how this $ 5000 can grow to a $41,000 in one year (52 weeks) with our adding more capital or increasing the profit percentage as you have not mentioned any of those in the video. Thanks.

[@ryanjohn6358]

I recommend Mr Blain to all investors that want to make a huge profit from their capital investment.

[@ryanjohn6358]

*+ 1( 9 0 8 ) 2 7 4 - 0 9 6 5* Do well to Tell him I referred you to him

[@annurai5196]

U are hilarious. What else can u do wihh one hundred dollars? Nothing. Love the cold brutality. Lol

[@rockwelltradingservices]

Hi Annu Rai, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@daeth4us]

They’re not all liars. Warrior trader turns $500 into about $40!000 in 2 weeks and $500 into $100,000 in 45 days. He shows you live and his portfolios. Any thing’s possible! 😁

[@rockwelltradingservices]

Thank you!

[@jeffstreeter3037]

Reality! Thanks. Honey! Stop buying scratch offs. We are going legit!

[@rockwelltradingservices]

You are welcome! I am glad that this helps! :)

[@tuancassim2779]

So you deleted my comment about you wrong math and misleading video? lol

[@rockwelltradingservices]

Hi Gutsy Trader, nope! I don't delete any comments. I'm responding to them. What was your comment about? Some wrong math?