I am Hungry.
Not for food, but for Capital.
Trading is becoming my catch-22. I NEED to start trading again. Demo account is doing well, but I cannot trade with only a $1000 dollar account (and I dare not use the LoC for trading). I'd need to pull in at LEAST 3-6% a day minimum to B.E at the end of the month. The more capital I have the more self sustaining I become.
Trading even 50k is enough to pay bills, after 20% commission. Average position on 50k would be about 2.5 lots, so $25 a pip. I Know that my daily B.E is 30-60$. that means that I need to make at least 5 pips to break even daily.
Saturday, August 1, 2009
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