Nick Syiek
tradernickfx.bsky.social
Nick Syiek
@tradernickfx.bsky.social
💻 | Trade and Make Videos about it!!
🏃‍♂️ | Founder a1trading - tool for Traders
💬 | DM me for my FREE Course
🚨 | No Financial Advice
Continuation (3)

Trading for a living is a dream many traders work towards. Be patient and earn it! Goodluck.
November 22, 2024 at 9:03 AM
Continuation (2)

4. Can you handle weeks/months in drawdown? Do you have a safety net capital to rely on in the meantime to pay your bills?

5. Do you have any alternative ways to generate consistent income, a second household income, etc. How will you ends meet during drawdowns?
November 22, 2024 at 8:57 AM
I just noticed I'm only allowed to post 300 words. This is the continuation(1) of my previous post

Example: You need $4000 per month and can average 2% per month. Overtime. 4000 / 0.2 = $200,000 In trading capital. In my personal opinion, you should be overly conservative with these calculations.
November 22, 2024 at 8:56 AM
Want to trade full time? Here's a few questions to ask yourself first.

1. How much do you need to comfortably live off of per month?

2. What percentage gain per month do you think you can reasonably average over time?

3. Divide the 1st by the 2nd number. That's how much capital you need first.
November 22, 2024 at 8:51 AM
November 22, 2024 at 8:26 AM
Trade like your mom is watching!
November 22, 2024 at 8:24 AM
Feels good to be here!
November 22, 2024 at 8:04 AM