Shouldda seen that coming shouldn't I?
Probably
Well good luck. I notice you joined in January, wasn't a New years resolution was it lol?
Moving swiftly on...
Yeah so is the pay-off considerably greater if you do it full-time? I mean your finger is on the pulse if you can monitor things second-by-second and there are no additional work commitments.
I suppose so. Work is something of a distraction, although most of the time monitoring the market is not really a problem.
What, in very general terms, is the kind of return you aim for in a week or a month? I'm presuming once you cease feeding capital in from elsewhere (e.g. savings or other earnings) you will try to make enough to grow your capital base above the rate of inflation and be able to withdraw enough to live on? E.G. try to make £4 grand a month, £2,500 to live on and £1,500 to add to your capital?
I don't have targets, particularly for short periods like a week or a month. But just for the sake of putting a number on it, I'd be happy with a weekly average of 2.5%, and over the moon with 5%. I have been averaging 6% per week.
I'm intending to split it into three: part of my profits would be for living, part for compounding, and part for investment for future income. So it's quite a tall order.
Do you think, with a small amount of capital (less than £50gs) 1% a week at least 3 weeks out of 4 is doable (assuming an equal loss a 3% a month return?).