Stocks & Options Tips - Trading Full Time: Key Questions

Free Guide - The 5 Tools I Use To Find Stocks To Trade: http://claytrader.com/lp/Free-Guide-Trading-Tools/?utm_source=social&utm_medium=youtube&utm_campaign=resource%20guide Many people have goals of trading full time. Whether it be stocks, options, Forex, futures, etc., it's a great and ambitious goal to have for yourself - no doubt about it. Goals and reality can often times be very separate things, and while I'm not saying full time trading is impossible, you need to be sure to ask yourself key questions in order to understand some critical numbers. These numbers will ensure you are setting yourself on a pathway towards the best chance of success. The Stock Trading Reality Podcast - http://claytrader.com/podcast/ Join My Private Trading Team - http://claytrader.com/innercircle/ Learn to Use Charts - http://claytrader.com/training/ ClayTrader.com and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. Investing/trading in securities is highly speculative and carries an extremely high degree of risk.

Comments

1. Just the right inputs I needed. Also planning to go full time trading. Still preparing for that transition. Thanks Clay.
2. nice videos thanks man,
3. Great video!
4. Toronto City is actually not above average expensive imv, why? Because one can forgo the whole monthly car expense there!
5. Clay, Great jobs with videos.   Why do you use a chalkboard instead of a whiteboard?  Is it in your office, home, or some school/university?  Just curious.
6. Great video. Really lays out what you need to have in place to trade full time.
   However, you didn't mention how much your trading account should be. How do you determine what is the right amount to be starting with as investible funds. Do you assume some rate of return and then compare that to what your expenses are. For example if your expenses are $4,000 per month and you assume you can make 20% per month from your trading, then you would need a trading account of $20,000. If you have been paper trading and being honest with yourself you should have some idea of what kind of return you can expect. At some point you will need to cover those expenses beyond the 6 month or 12 month cash account you originally set up. If you could address the "Right" amount for a trading account in a video, that would really be helpful.
   
   When you started trading full time, what did you have in your trading account. Did your wife work allowing you to get started trading sooner because there was some flow of income coming in and you didn't have to fully cover living expense? Just curious.
7. Great video bud.
8. Dumb and dumber.
9. "Gotta pay the gas bill ! "   Dumb and Dumber 1 --- >>> https://www.youtube.com/watch?v=Nn8KtCofm3k
10. "This is a lot easier if you just lay back!"  Choking scene in the restaurant
11. I say we bail!
    
    Great video Clay.