Its true, you can have nothing and still have a future. You don't need much, besides a laptop, a dream and near by a wifi connection.
It's true, you don't need fancy computers, bank accounts, or an office. All you need is patience, a trading plan, and discipline to follow your trading plan and wait for the proper trade setups.
Its not going to be easy when your hungry and you need to make $10 to get your next meal. You only have $100 in your trading account and that would mean a 10% on the next trade without risking more than a few percent. Remember that conserving your capital is rule #1 of your trading plan. So back to the basics of patience and waiting until everything looks perfect. Now its time to enter that trade and calculate the worst case scenario because if you lose this trade, you aren't getting lunch, and now to regain what you just loss will take twice as long and possibly longer.
Now we both know that making sometime out of nothing is difficult to do and if your not already a trading expert the story above is just another gamblers dream who will end up in the losing squad.
The truth is, that there are successful traders out there that were probably in that above scenario and he is probably eating lunch right now, while you are reading this. Cuz he waited long enough to get his 10 pips for the day.
$1 a pip on $100 of account equity? are you crazy? IDK, ask the guy eating Lunch and not me. But with the brokers offering 500:1 and 1000:1 leverage, you can do it.
Ok back to trading....
Trading Guru
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Originally Posted by pipinvestment
